Latest news with #Kerkar
Time of India
05-07-2025
- Climate
- Time of India
Tiswadi, Ponda water supply hit again as pipe tears
Ponda: A pipeline at Opa Water Works was ruptured by repeated power interruptions, hitting the potable water supply to Tiswadi and Ponda talukas on Saturday. This is the second pipeline rupture in less than a month. On June 26, the same line was ruptured by a 'surge'. A surge means whenever water falls with a tremendous force, the pipeline carrying it bursts near the joints. That occurs when water is being fetched from a river to a treatment plant and the power supply is suddenly cut. The water was released on Saturday afternoon after the ruptured pipeline was welded. However, it will take another day to normalise the supply to households in Panaji and high-lying areas. Sunil Kerkar, an assistant engineer at the Curti water plant, said the rising main pipeline, by which a treatment plant gets raw water from the pumping station, developed a rupture during the intervening night of Friday and Saturday. The rupture was noticed around 1am and the water supply was immediately stopped, Kerkar said. Before the pipeline ruptured, power outages occurred at least three times on Friday. According to Kerkar, a sudden outage of electricity affects the pressure inside a pipeline resulting in a rupture. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Abiti in una casa indipendente? Ecco perché installare una pompa di calore Aira Scopri di più Undo The rupture of the 750mm rising main pipeline of 40 million litres per day (MLD) water treatment plant at Opa Water Works at Khandepar, Ponda, affected the potable water supply to Tiswadi and Ponda on Saturday, said Soma Naik, an executive engineer of the department of drinking water. Sunil Shet, another assistant engineer at the Opa Water Works, said the 750mm mild steel rising main pipeline burst at midnight and repairs were taken up in the morning as the pipeline had to be emptied to facilitate electric welding. Once the repair work was completed, all reservoirs were filled and water released in the afternoon. However, some high-lying areas will receive supply only from Sunday afternoon, he said.
Indian Express
05-07-2025
- Business
- Indian Express
Fresh FIR against Cox and Kings Group's Ajay Kerkar for defrauding SBI NBFC of Rs 105 crore
The Mumbai Police on Friday registered a fresh case against global tours and travels company Cox and Kings Group (CKG), its promoter Ajay Ajit Peter Kerkar and seven others, for duping State Bank of India's non-banking financial company (NBFC) SBI Card and Payment Service Limited of over Rs 105 crore. Kerkar and other top executives of the tour company are currently in judicial custody after they were arrested by the Mumbai Police's Economic Offences Wing (EOW) in 2020-21. Cox and Kings Financial Services Ltd was into providing foreign exchange business, holiday financing, student loan financing, and other non-banking financial services. On the complaint filed by the senior manager (legal) of SBI Card and Payment Service Limited, the Andheri police have booked CKG, Kerkar, Urshila Kerkar, and six others, including two auditors, said sources in the police. The complainant alleged that between April 2012 and June 2019, the accused, in collusion with each other, prepared a fake balance sheet by showing that there was an outstanding amount due to Cox and Kings Ltd. from the company's associate companies and by doing so, they increased the trade receivables of the company. The CKG and its top management then presented a fake balance sheet to SBI Cards and Payment Services Ltd, showing that the financial condition of Cox & Kings Ltd was good and obtained seven corporate card facilities by presenting a fake balance sheet, alleged the complainant. 'They failed in paying the loan amount on the said card facility within the time limit. The accused persons breached the trust of SBI Cards and Payment Services Ltd. (SBI Card) and has caused a wrongful loss of Rs 105.93 crores, in total principal and interest, to them,' the complainant executive of the SBI Card and Payment Service Limited said in his statement before police. The accused have been booked under sections 406 (criminal breach of trust), 409 (criminal breach of trust by public servant, or by banker, merchant or agent), 420 (cheating), 465 (forgery), 467 (forgery of valuable security), 468 (forgery for purpose of cheating) 471 (using as genuine a forged) and 120B (criminal conspiracy) of Indian Penal Code. The case is likely to be transferred to the Economic Offenses Wing (EOW) of the Mumbai police, which has already probed several cases of CKG. Kerkar's father Ajit, who earlier worked as managing director in Taj Hotel's group, had been conferred with many honours in the past. Kerkar was arrested by Mumbai police's EOW during 2020-21 in at least 10-bank fraud cases involving Rs 3,000 crore. Later, the ED also registered multiple cases against Ajay for money laundering. Since then, Ajay has been in judicial custody.
Time of India
02-07-2025
- Business
- Time of India
Lodha Developers to deposit ₹520 crore as security in legal case against V Hotels
NEW DELHI: Lodha Developers Ltd has been directed to deposit Rs 520.80 crore as security in relation to an ongoing case in the Supreme Court against V Hotels Ltd, which the company acquired last year through an insolvency process. In a regulatory filing on Wednesday, Lodha Developers Ltd informed that this matter is related to proceedings initiated by the Enforcement Directorate (ED) against the erstwhile promoter of V Hotels Ltd (VHL) . This was in relation to a transaction of Rs 520.80 crore, allegedly routed through VHL before the start of the insolvency process. Lodha expects that the matter will be heard expeditiously in the apex court and the deposit will be released. In April last year, Lodha Developers Ltd announced the takeover of VHL through the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code 2016. In the filing, the company said it acquired VHL in 2024 and paid the consideration to various creditors based on the approved resolution plan. The approval of the resolution plan was also upheld by the Supreme Court vide its order dated September 29, 2024. "This intimation is related to proceedings initiated by the Enforcement Directorate against the erstwhile promoter of VHL - Kerkar family in relation to their transactions in Cox & Kings group to the tune of Rs 520.80 crore, allegedly routed through VHL before the commencement of CIRP," Lodha Developers said. The matter was heard by the Bombay High Court, and it was held that the proceedings cannot be continued against VHL since the issue relates to actions of the erstwhile promoters prior to the commencement of CIRP. "The appeal against this order was heard by the Supreme Court, and it has been decided that Lodha Developers will deposit a sum of Rs 520.80 crore as security since this is the maximum claim in the matter. Upon this deposit, there is no other claim on VHL's properties or other assets. We expect the matter to be expeditiously heard and the deposit to be released in due course," the filing said. In April last year, Lodha Developers had said VHL has real estate assets which can be developed for residential and allied uses. "Under the said resolution plan, the company will pay Rs 900 crore in tranches over a period of 270 days," the company had said. Lodha Developers, erstwhile Mactotech Developers Ltd, is one of the leading real estate firms in the country. It has a strong presence in the Mumbai Metropolitan Region (MMR) and Bengaluru markets.
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Business Standard
02-07-2025
- Business
- Business Standard
Lodha Developers to deposit ₹520 cr as security in case against VHL
Lodha Developers Ltd has been directed to deposit ₹520.80 crore as security in relation to an ongoing case in the Supreme Court against V Hotels Ltd, which the company acquired last year through an insolvency process. In a regulatory filing on Wednesday, Lodha Developers Ltd informed that this matter is related to proceedings initiated by the Enforcement Directorate (ED) against the erstwhile promoter of V Hotels Ltd (VHL). This was in relation to a transaction of ₹520.80 crore, allegedly routed through VHL before the start of the insolvency process. Lodha expects that the matter will be heard expeditiously in the apex court and the deposit will be released. In April last year, Lodha Developers Ltd announced the takeover of VHL through the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code 2016. In the filing, the company said it acquired VHL in 2024 and paid the consideration to various creditors based on the approved resolution plan. The approval of the resolution plan was also upheld by the Supreme Court vide its order dated September 29, 2024. "This intimation is related to proceedings initiated by the Enforcement Directorate against the erstwhile promoter of VHL - Kerkar family in relation to their transactions in Cox & Kings group to the tune of ₹520.80 crore, allegedly routed through VHL before the commencement of CIRP," Lodha Developers said. The matter was heard by the Bombay High Court, and it was held that the proceedings cannot be continued against VHL since the issue relates to actions of the erstwhile promoters prior to the commencement of CIRP. "The appeal against this order was heard by the Supreme Court, and it has been decided that Lodha Developers will deposit a sum of ₹520.80 crore as security since this is the maximum claim in the matter. Upon this deposit, there is no other claim on VHL's properties or other assets. We expect the matter to be expeditiously heard and the deposit to be released in due course," the filing said. In April last year, Lodha Developers had said VHL has real estate assets which can be developed for residential and allied uses. "Under the said resolution plan, the company will pay ₹900 crore in tranches over a period of 270 days," the company had said. Lodha Developers, erstwhile Mactotech Developers Ltd, is one of the leading real estate firms in the country. It has a strong presence in the Mumbai Metropolitan Region (MMR) and Bengaluru markets.
Hindustan Times
21-06-2025
- Entertainment
- Hindustan Times
Review: Museum of Goa by Kunal Ray and Subodh Kerkar
Kunal Ray's Museum of Goa will serve as an eye-opener for readers who think of museums as stuffy places with musty old cabinets and ancient artefacts bearing no relation to their present life. A biography of an institution called Museum of Goa (MOG) — constructed over 18 months on a plot of land at the Pilerne Industrial Estate in Saligao — and of its founding director, Subodh Kerkar, this book shows that museums can also be 'workshops for ideas'; that they can be vibrant and participatory spaces that invite visitors to be co-creators of meaning and not just consumers of a collection. From Souza to Xacuti: At the Museum of Goa (Courtesy MOG) Interestingly, MOG is not just an acronym. The word means 'love' in Konkani, which is the official language of Goa and is widely spoken there. This semantic coincidence is not only charming but quite apt since the museum is a labour of love. Trips to museums in France, Portugal, the United Kingdom and the United States made Kerkar realise that his home state had no contemporary art museums. So, he built MOG. 64pp, ₹215; Ektara Trust Kerkar's big career switch from medicine to art, emphasized by Ray in his narrative, speaks volumes about the former's passion for art. A decade after setting up a hospital near Calangute beach, and serving fisherfolk as a physician, he wrapped up his medical practice to focus on his art, which spans a wide range from drawings, paintings and photographs to installations, sculptures, performances, video art, and multimedia works. Without belabouring the point, the book nudges readers towards the realization that medicine and art have something in common — a capacity to heal. This book is not a critical appraisal of Kerkar's body of work; it is meant to introduce children to his art. One of the works discussed here is a multimedia art installation titled 'Gandhi's Heart Sounds'. Ray writes, 'We see Gandhi's bust and hear his heartbeats. It is like having him among us, with us.' Instead of using archival footage or photographs, Kerkar decided to go ahead with an unusual idea. Ray adds, '…the artist converted Gandhi's electrocardiogram to the sound of his beating heart.' This would arouse the curiosity of children reading the book, and hopefully also give art teachers some tips on how to make their classes more interesting with experimental projects that are fun for children. Subodh Kerker (Courtesy the subject) During a conversation with the author, Kerkar remarked that the best part of being at MOG is 'meeting children every day'. The Children's Art Studio at the institution was conceptualized by Kerkar's daughter Sharada who now runs it. 'Last time I met Subodh, he showed me the dinosaurs he had drawn with a bunch of kids on loose sheets of paper that day. When I met him today, those dinosaurs had happily wandered to a stage curtain,' writes Ray. The book would not have been as much of a visual treat without the illustrations by Kerkar, who also holds the Mario Miranda Chair for Arts at Goa University. It opens with a visual of a wide-eyed child jumping onto a large ice cream cone and closes with one of Subodh high-fiving a bunch of excited children. The artist's work is rooted in Goan history and culture, and this book presents his desire to celebrate these aspects of his native land. Ray points out the recurrence of coconut trees in Kerkar's work and writes of his love of 'drawing on logs of wood brought ashore by the sea'. Photographs of fisherfolk and sculptures using oars and boats are part of his oeuvre. The museum itself is part of his larger artistic vision and has a café that serves traditional Goan snacks and coolers. Author Kunal Ray (Courtesy the subject) Readers curious about the quieter aspects of Goa are likely to enjoy this book. It might also strike a chord with those who love walking on the beach by themselves or with loved ones. One beautiful illustration features a little Subodh holding his father and mentor Chandrakant's hand as they stand on the beach and look out at the horizon. 'Growing up, Subodh remembers going on a long walk along the beach with his father daily. Those walks brought him closer to his father and to the world of art,' writes Ray. An important fact that this book mentions in passing but is worth highlighting is that Kerkar did not study art formally but learnt from visiting museums. With museums in India gradually waking up to the significance of outreach programmes targeted at schools, Museum of Goa is a reminder that museums must not only inform and educate but also encourage curiosity and play. That can happen only when children are allowed to ask questions instead of being told, like earlier generations of Indian students, to shut up and walk in single file. Chintan Girish Modi is a journalist, educator and literary critic. He can be reached @chintanwriting on Instagram and X.
