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Time of India
8 hours ago
- Business
- Time of India
HC quashes tax recovery against grocer, a victim of Aadhaar fraud
Mumbai: The Bombay High Court quashed an attachment order issued by the Gujarat commissioner of state tax against a small provision store owner in Mumbai for recovery of dues based on transactions done by his 'impersonator', a company using his Aadhaar card. The court expressed distress that the Unique Identification Authority of India (UIDAI), the chief commissioner, Gujarat State, GST, and other authorities were at a 'standstill' for five years in the unique identity fraud case. The HC division bench of Justices S M Sonak and Jitendra Jain directed the man, Vilas Lad, a 51-year-old Prabhadevi resident, to approach Income Tax Authorities, which are to then consider if it is possible to deactivate his old number and issue him a new one. If impossible, the IT department is to state what steps can be adopted to prevent misuse of the PAN number. The HC also directed the GST authorities to delete his Aadhaar and PAN numbers from its portal against the company's name. The HC expressed its displeasure at the Income Tax department, Mumbai, and the State Tax commissioner not being represented before it despite notices to them, and imposed costs of Rs 10,000 each on five authorities, including UIDAI, chief commissioner Gujarat state GST; chief commissioner IT, Mumbai; Union Bank of India; and State Tax Commissioner, Gujarat; for "dereliction of duty" and not initiating any criminal proceedings despite the fraud being discovered. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai "When the fraud was committed on these very authorities, which should have awakened them, and they ought to have moved with lightning speed for discharging their duties to set criminal action in motion," the HC said. The man petitioned the HC for directions to the IT department to probe into a "bogus PAN card", to the UIDAI to suspend and cancel his Aadhaar card, and other directions to banks and the GST department in Gujarat. His counsel, Uday Warunjikar, said Lad received a legal notice in 2019 for Rs 75,000 towards unpaid rent in Rajkot, and in 2020 for almost Rs 14 lakh in an alleged dishonour of a cheque issued by a company. JB Mishra, counsel for the Centre, informed the HC of the various steps the govt had initiated to prevent Aadhaar misuse, including securing enrolment and updating the ecosystem with biometric and demographic checks, among others. The HC opined that shortcomings in the implementation of laws are the reason the frauds are perpetuated, and hence swift proactive action would be an effective deterrent. The HC directed the Gujarat State Tax department not to initiate any proceedings against Lad "for transactions of Metro International Trading Company, the impersonator", and also directed that proceedings pending before a magistrate must not to go on till the Mumbai man's complaint made to Gujarat Police is taken to its logical conclusion and the culprits arrested.
NDTV
9 hours ago
- Politics
- NDTV
Supreme Court Stays Trial In 2 Cases Involving Azam Khan's Son Abdullah
New Delhi: The Supreme Court on Tuesday stayed an order of the Allahabad High Court directing Rampur's MP-MLA court to proceed with the trial in two cases linked to former MLA and senior Samajwadi Party leader Azam Khan's son Mohammad Abdullah Azam Khan. A bench of Justices M M Sundresh and N Kotiswar Singh also issued notice to the Uttar Pradesh government on an appeal filed by Abdullah. On July 23, the high court dismissed two petitions filed by Abdullah challenging the proceedings of criminal cases against him. The first case is related to Abdullah's alleged fake passport and the second case to his obtaining two PAN cards. "Considering the facts and circumstances of the case, in my considered view, the instant application is devoid of merits and is liable to be dismissed," the high court said. Abdullah filed separate petitions in the high court concerning the two cases requesting it to set aside the entire criminal proceedings of the ongoing trials in Rampur's MP/MLA court. BJP MLA Akash Saxena had filed a case against Abdullah in Rampur on July 30, 2019, alleging fraud and violation of the Passport Act for allegedly obtaining the travel document using an incorrect date of birth. According to the complaint, Abdullah was issued a passport on January 10, 2018. The passport lists the date of birth as September 30, 1990 but his educational certificates say January 1, 1993. Saxena also filed an FIR against Abdullah and father Azam Khan at the Civil Lines police station in Rampur on December 6, 2019. Saxena alleged that Abdullah had furnished an incorrect PAN number in his election affidavit during the 2017 assembly elections. Saxena also accused Azam Khan of being a fraudster and a liar, claiming that the senior SP leader got two PAN cards made for his son through fraud to enable him to contest elections. According to him, Abdullah allegedly concealed this fact in the affidavit submitted to the Election Commission. He showed one PAN number in the affidavit, but used another number in his income tax return documents.
The Hindu
16 hours ago
- Politics
- The Hindu
Supreme Court stays trial in two cases involving Azam Khan's son Abdullah
The Supreme Court on Tuesday (July 29, 2025) stayed an order of the Allahabad High Court directing Rampur's MP-MLA Court to proceed with the trial in two cases linked to former MLA and senior Samajwadi Party (SP) leader Azam Khan's son Mohammad Abdullah Azam Khan. A Bench of Justices M.M. Sundresh and N. Kotiswar Singh also issued notice to the Uttar Pradesh Government on an appeal filed by Mr. Abdullah. On July 23, the High Court dismissed two petitions filed by Mr. Abdullah challenging the proceedings of criminal cases against him. The first case is related to Mr. Abdullah's alleged fake passport and the second case to his obtaining two PAN cards. 'Considering the facts and circumstances of the case, in my considered view, the instant application is devoid of merits and is liable to be dismissed,' the High Court said. Mr. Abdullah filed separate petitions in the High Court concerning the two cases requesting it to set aside the entire criminal proceedings of the ongoing trials in Rampur's MP/MLA Court. BJP MLA Akash Saxena had filed a case against Mr. Abdullah in Rampur on July 30, 2019, alleging fraud and violation of the Passport Act for allegedly obtaining the travel document using an incorrect date of birth. According to the complaint, Mr. Abdullah was issued a passport on January 10, 2018. The passport lists the date of birth as September 30, 1990 but his educational certificates say January 1, 1993. Mr. Saxena also filed an FIR against Mr. Abdullah and father Azam Khan at the Civil Lines police station in Rampur on December 6, 2019. Mr. Saxena alleged that Mr. Abdullah had furnished an incorrect PAN number in his election affidavit during the 2017 Assembly elections. Mr. Saxena also accused Mr. Azam Khan of being a fraudster and a liar, claiming that the senior SP leader got two PAN cards made for his son through fraud to enable him to contest elections. According to him, Mr. Abdullah allegedly concealed this fact in the affidavit submitted to the Election Commission of India (ECI). He showed one PAN number in the affidavit, but used another number in his income tax return documents.
News18
16 hours ago
- Business
- News18
NSE's Unlisted Shares In Demand: Over 1 Lakh Retail Buyers Join Pre-IPO Frenzy In 3 Months
Last Updated: The National Stock Exchange has triggered an unprecedented buying frenzy in India's unlisted market; Know details NSE IPO India's unlisted market is witnessing an unprecedented surge in retail investor activity, driven by mounting anticipation around the National Stock Exchange's (NSE) long-pending IPO. Over 1 lakh retail investors have snapped up NSE shares in just three months, making it one of the most dramatic buying sprees in the grey market's history. NSE's retail shareholder base jumped from 33,896 in March 2025 to 146,208 in June 2025 — a more than fourfold rise. Resident individual investors holding shares worth up to ₹2 lakh now hold an 11.81% stake, compared to 9.89% in the previous quarter. Market observers say this rapid growth underscores the rising influence of retail participants in the pre-IPO space. Soaring Share Prices Reflect Investor Euphoria The price of unlisted NSE shares has surged 140% in four years — from around Rs 740 in 2021 to Rs 1,775 in May 2025. In a single week in May, prices jumped again from Rs 1,800 to Rs 2,300, reflecting a squeeze in supply and heightened IPO speculation. The exchange plans to list its shares on BSE Ltd. once regulatory clearance is obtained. Earlier in June, SEBI Chairman Tuhin Kanta Pandey had said that there were 'no remaining obstacles" to the IPO, though he declined to provide a specific timeline. In the past, SEBI had withheld the NOC, citing unresolved issues. The regulator asked NSE to address technical lapses, ongoing legal cases, and reduce its stake in its subsidiary, NSE Clearing. To settle legacy issues, NSE has reportedly offered to pay Rs 1,388 crore — Rs 1,165 crore related to the co-location case and ₹223 crore for the dark fibre matter, according to an Economic Times report. How Can Retail Investors Buy NSE Unlisted Shares? Retail investors can invest in unlisted shares through: Before transacting, investors must complete a KYC process using PAN and Aadhaar details. Important Considerations Before Investing While the excitement is palpable, experts caution that unlisted shares carry considerable risk: These shares don't trade on public stock exchanges and lack liquidity. Prices are driven more by sentiment than fundamentals. The market operates with limited regulatory oversight, making investor due diligence critical. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
18 hours ago
- Politics
- Time of India
Supreme Court stays trial in two cases involving Azam Khan's son Abdullah
The Supreme Court on Tuesday stayed an order of the Allahabad High Court directing Rampur's MP-MLA court to proceed with the trial in two cases linked to former MLA and senior Samajwadi Party leader Azam Khan 's son Mohammad Abdullah Azam Khan . A bench of Justices M M Sundresh and N Kotiswar Singh also issued notice to the Uttar Pradesh government on an appeal filed by Abdullah. Explore courses from Top Institutes in Please select course: Select a Course Category Design Thinking Public Policy Operations Management Healthcare Data Science Others Product Management Degree Data Analytics PGDM Management Technology Leadership Digital Marketing CXO Data Science Project Management Artificial Intelligence Skills you'll gain: Duration: 25 Weeks IIM Kozhikode CERT-IIMK PCP DTIM Async India Starts on undefined Get Details Skills you'll gain: Duration: 22 Weeks IIM Indore CERT-IIMI DTAI Async India Starts on undefined Get Details On July 23, the high court dismissed two petitions filed by Abdullah challenging the proceedings of criminal cases against him. The first case is related to Abdullah's alleged fake passport and the second case to his obtaining two PAN cards. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Secure Your Child's Future with Strong English Fluency Planet Spark Learn More "Considering the facts and circumstances of the case, in my considered view, the instant application is devoid of merits and is liable to be dismissed," the high court said. Abdullah filed separate petitions in the high court concerning the two cases requesting it to set aside the entire criminal proceedings of the ongoing trials in Rampur's MP/MLA court. Live Events BJP MLA Akash Saxena had filed a case against Abdullah in Rampur on July 30, 2019, alleging fraud and violation of the Passport Act for allegedly obtaining the travel document using an incorrect date of birth. According to the complaint, Abdullah was issued a passport on January 10, 2018. The passport lists the date of birth as September 30, 1990 but his educational certificates say January 1, 1993. Saxena also filed an FIR against Abdullah and father Azam Khan at the Civil Lines police station in Rampur on December 6, 2019. Saxena alleged that Abdullah had furnished an incorrect PAN number in his election affidavit during the 2017 assembly elections. Saxena also accused Azam Khan of being a fraudster and a liar, claiming that the senior SP leader got two PAN cards made for his son through fraud to enable him to contest elections. According to him, Abdullah allegedly concealed this fact in the affidavit submitted to the Election Commission. He showed one PAN number in the affidavit, but used another number in his income tax return documents.
