Latest news with #2013
Indian Express
a day ago
- Indian Express
Bihar ASI accused of sexually assaulting superior officer, suspended
An assistant sub-inspector (ASI) in Bihar was suspended after an FIR was registered against him on charges of sexually assaulting a Scheduled Caste woman sub-inspector. Confirming the ASI's suspension, Superintendent of Police, Jehanabad district, Vineet Kumar on Friday said, 'In view of the gravity of the charges, the accused officer has been suspended and directed to report to police headquarters. A request has also been made to the Inspector General of the Magadh Range to assign a different headquarters for the duration of the suspension.' Kumar also said that 'three separate inquiries are underway, a criminal investigation based on the FIR, an internal complaint committee inquiry under POSH (The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013) and departmental proceedings'. Based on a complaint lodged by the woman sub-inspector, an FIR was registered at Mahila (Woman) Police Station Tuesday under sections 74, 75, 79 and 351(2) of the Bharatiya Nyaya Sanhita, 2023, for offences of assault or use of criminal force to woman with intent to outrage her modesty, sexual harassment, word, gesture or act intended to insult modesty of a woman and criminal intimidation. Sections 3(1)(w) and 3(2)(va) of the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act, 1989 have also been invoked. According to a police source, the incident took place on April 7. She alleged that the accused touched her inappropriately and molested her, the source said. According to her complaint, the sub inspector alleged that when she confronted the ASI, he threatened her, saying, 'If you report this to senior officers, I will riddle you with bullets.' The complainant also alleged that the accused hurled casteist slurs, sources said. According to the complaint, the sub inspector said that being a woman police officer from the Scheduled Caste, she initially 'refrained from coming forward due to fear and only filed the complaint after mustering the courage to do so'.
New Indian Express
2 days ago
- Business
- New Indian Express
Kaleshwaram loans at risk of becoming NPAs
HYDERABAD: The Rural Electrification Corporation (REC) Ltd has warned the Irrigation department that loan accounts linked to the Kaleshwaram Irrigation Project Corporation Limited (KIPCL) and Telangana Water Resources Infrastructure Development Corporation (TSWRIDC) risk being classified as Non-Performing Assets (NPAs) if overdue payments are not cleared this month. In a letter to Principal Secretary (Irrigation) Rahul Bojja, the REC said the total dues from the two special purpose vehicles (SPVs) stand at Rs1,393.65 crore, which have been pending since March 31, 2025. Of this, critical overdues are Rs 319.74 crore for TSWRIDC and Rs 229.75 crore for KIPCL. The letter stated that unless payments are made by June 28 and June 29 respectively, the accounts could slip into NPA status. 'Both the borrower accounts have already been reported as SMA-2, as per RBI guidelines, and classified as Stage-2 under the Companies Act, 2013. This delay in serving the dues will have a negative impact on the financials and rating of the utilities and state as a whole,' the REC wrote. The public sector lender urged the Irrigation department to arrange funds to clear the dues immediately. The accounts had already crossed the 60-day overdue threshold, which falls under the Special Mention Account-2 (SMA-2) category used by banks to monitor stressed assets. The REC had sanctioned Rs 30,536.08 crore to KIPCL. In October 2024, the state government had requested that interest on all term loans be consolidated and capped at 9% per annum. Subsequently, in December, Chief Minister A Revanth Reddy wrote to Union Finance Minister Nirmala Sitharaman seeking the restructuring of loans availed from the REC and the Power Finance Corporation (PFC). These loans are now being serviced through the state's Consolidated Fund.
Economic Times
2 days ago
- Business
- Economic Times
Honasa Consumer shares in focus as NCLT approves amalgamation scheme of 2 subsidiaries
Shares of Honasa Consumer, the parent company of Mamaearth, are expected to be in focus on Friday, June 27, following the receipt of the National Company Law Tribunal's (NCLT) order approving its amalgamation scheme involving two group entities. ADVERTISEMENT As per the company's regulatory filing, the NCLT, New Delhi Bench, in an order dated June 3, approved the scheme of amalgamation between Fusion Cosmeceutics and Just4Kids Services with Honasa Consumer. 'Order dated 03 rd June 2025 of the Hon'ble National Company Law Tribunal, New Delhi Bench ('NCLT New Delhi') in Company Petition No. 76/ND/2024 connected with Company Application No. 51/ND/2024 filed in relation to the Scheme of Amalgamation ('Scheme') between Fusion Cosmeceutics Private Limited ('Transferor Company-1') and Just4Kids Services Private Limited ('Transferor Company-2') with Honasa Consumer Limited ('Transferee Company') and their respective shareholders and creditors under the provisions of Sections 230-232 of the Companies Act, 2013 and other applicable provisions thereof,' the company said in its filing to the exchange. The company confirmed that it received the certified copy of the NCLT Delhi order on June 25, and noted that the Scheme will become effective once this certified copy is filed with the jurisdictional Registrar of scheme aims to streamline operations and consolidate entities within the Honasa group, which may improve organizational efficiency. However, the filing did not elaborate further on the financial impact or restructuring details. Also read: HDB Financial's pre-IPO lottery backfires. Are unlisted stocks not worth the hype? ADVERTISEMENT Over the past year, the stock of Honasa Consumer has declined by 29.60%. On a year-to-date (YTD) basis, it has gained 25.58%, while the six-month return stands at 24.33%. In the last three months, the stock has surged by 32.92%, but it recorded a marginal decline of 0.68% over the past one shares of Honasa Consumer, on Thursday, closed flat at Rs 312.95 on the BSE. ADVERTISEMENT Also read: HDB Financial's pre-IPO lottery backfires. Are unlisted stocks not worth the hype? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
2 days ago
- Business
- Time of India
Honasa Consumer shares in focus as NCLT approves amalgamation scheme of 2 subsidiaries
Shares of Honasa Consumer , the parent company of Mamaearth , are expected to be in focus on Friday, June 27, following the receipt of the National Company Law Tribunal's ( NCLT ) order approving its amalgamation scheme involving two group entities. As per the company's regulatory filing, the NCLT, New Delhi Bench, in an order dated June 3, approved the scheme of amalgamation between Fusion Cosmeceutics and Just4Kids Services with Honasa Consumer. 'Order dated 03 rd June 2025 of the Hon'ble National Company Law Tribunal, New Delhi Bench ('NCLT New Delhi') in Company Petition No. 76/ND/2024 connected with Company Application No. 51/ND/2024 filed in relation to the Scheme of Amalgamation ('Scheme') between Fusion Cosmeceutics Private Limited ('Transferor Company-1') and Just4Kids Services Private Limited ('Transferor Company-2') with Honasa Consumer Limited ('Transferee Company') and their respective shareholders and creditors under the provisions of Sections 230-232 of the Companies Act, 2013 and other applicable provisions thereof,' the company said in its filing to the exchange. The company confirmed that it received the certified copy of the NCLT Delhi order on June 25, and noted that the Scheme will become effective once this certified copy is filed with the jurisdictional Registrar of Companies. The scheme aims to streamline operations and consolidate entities within the Honasa group, which may improve organizational efficiency. However, the filing did not elaborate further on the financial impact or restructuring details. Also read: HDB Financial's pre-IPO lottery backfires. Are unlisted stocks not worth the hype? Honasa Consumer share price performance Over the past year, the stock of Honasa Consumer has declined by 29.60%. On a year-to-date (YTD) basis, it has gained 25.58%, while the six-month return stands at 24.33%. In the last three months, the stock has surged by 32.92%, but it recorded a marginal decline of 0.68% over the past one month. The shares of Honasa Consumer, on Thursday, closed flat at Rs 312.95 on the BSE. Also read: HDB Financial's pre-IPO lottery backfires. Are unlisted stocks not worth the hype? ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Hindustan Times
2 days ago
- Hindustan Times
HC allows proceedings against senior aviation officer in sexual harassment case
MUMBAI: The Bombay high court on Wednesday stayed an order passed by the Central Administrative Tribunal (CAT) and allowed the Directorate General of Civil Aviation (DGCA) to proceed with departmental proceedings against a senior officer in an alleged sexual harassment case. The CAT had in August 2024 struck down the chargesheet served on the then Director of Airworthiness and had also directed the DGCA to grant him promotion, if he was entitled to it. (Shutterstock) The DGCA had approached the high court, challenging the CAT order, stating that the allegations of sexual harassment were levelled by a contactual staff of the organisation against the officer when he was posted in Bengaluru, and the matter was referred to the ICC. Additional solicitor general Anil Singh informed the court that after a preliminary inquiry conducted by the ICC, as contemplated under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (PoSH Act), based on the preliminary report of the ICC, charges were framed by the disciplinary authority and the same was served on the officer concerned. The officer had challenged the issuance of chargesheet before the Mumbai bench of CAT, claiming that the proceeding was based on completely false allegations levelled after the contractual employee realised that her services were about to be terminated. The Tribunal on August 2, 2024, struck down the chargesheet, observing that in a number of judgements, the Supreme Court has held that the ICC should frame the charges and serve the chargesheet on the delinquent officer. The Tribunal held that the chargesheet was liable to be struck down, as it was prepared and served by the Disciplinary Authority of the DGCA, and not by the ICC. The Tribunal also allowed the officers' plea for promotion, observing that under the law laid down by the apex court, due promotion can be denied to a government employee only when a chargesheet is served on him, or he is under suspension, or criminal prosecution is initiated against him. The Tribunal said since none of the eventualities existed, after striking down the chargesheet against the officer concerned, due promotion could not have been denied to him, and ordered the DGCA to grant him promotion to the post of deputy DGCA, if he was entitled to it. A division bench of justice MS Karnik and justice NR Borkar, however, stayed the CAT order. 'We find that the charges levelled against respondent No 1 (Soni) are serious,' the bench said, while staying the CAT order. 'We do not find any prejudice to respondent No 1 as a consequence of Disciplinary Authority framing and issuing the chargesheet. In any case, respondent No 1 will get full opportunity to defend himself during the course of the inquiry and examination of the witnesses,' the judges added.
