Snehal khanna Blog

The Bombay High Court on Monday put up the beleaguered Sahara Groups Aamby Valley for auction LATEST NEWS :  In a major setback to the Subrata Roy-owned Sahara Group, the Bombay High Court on Monday put up its prestigious Aamby Valley property in Maharashtra for a public auction. The Official Liquidator (OL) for the Aamby Valley City in Lonavala has put up a reserve price of Rs 37,392 crore, as part of efforts to partially recover the pending dues to various lenders. The development came three days after the Supreme Court declined to entertain the Sahara Group's plea to postpone auction of the prime hill station property nestled in the lush green Western Ghats in Pune district. Bombay High Court OL Vinod Sharma issued notices in prominent media on Monday for the public auction of "sale/lease" on an "as-is-where-is-whatever-there is' of the Aamby Valley City, around 90 km from here. In view of the huge quantum of properties to be dispo...

SC had last year ordered a ban on all liquor shops along national as well as state highways Latest news : The Uttar Pradesh government has incurred a loss of about Rs 5,000 crore following the Supreme Court order banning all liquor shops along national as well as state highways. Of the 8,591 highway liquor shops affected by the Supreme Court order, 2,000 are yet to be relocated while 3,000 shop owners have surrendered their liquor licences, said UP Excise Minister Jai Pratap Singh. "We have incurred a loss of about Rs 5,000 crore in 2016-17 fiscal ending March 31. Out of the target of realising Rs 19,000 crore, the excise department could generate Rs 14,000 crore following the apex court order," the minister told PTI. The Supreme Court had last year ordered a ban on all liquor shops along national as well as state highways across the country and prohibited all signages indicating the presence of liquor vends. The Supreme Court again on March 31 reiter...

Breaking news : A Special Lokayukta (Ombudsman) Court here on Tuesday rejected the anticipatory bail plea of Karnataka's former Chief Minister H.D. Kumaraswamy in a mining case in which he is alleged to have taken bribe for favours. "I need not panic because my anticipatory bail plea has been rejected. I have to follow my advocate's advice. My future course of action will be decided by my advocate," Kumaraswamy, a Janata Dal-Secular (JD-S) lawmaker, told reporters here. The anti-graft watchdog court had granted a seven-day interim bail to Kumaraswamy on May 17 in the Janthakal mining case. The former Chief Minister is accused of misusing office, corruption and illegal grants of permission when he was the Chief Minister of the state's first JD-S-BJP coalition government in 2006-07. "They are raking up an 11-year-old case. It is political vendetta," he said. Though state Revenue Principal Secretary Gangaram Baderia was arrested on May ...

Mallya is wanted in India for Kingfisher Airlines' default on loans worth nearly Rs 9,000 cr LATEST NEWS :Vijay Mallya, the embattled tycoon who is wanted in India on loan defaults to several banks, on Tuesday claimed that he has "enough evidence" to plead his case as a UK court granted him bail until December 4. The 61-year-old former chief of erstwhile Kingfisher airlines appeared before Westminster Magistrates' Court here for his extradition case hearing. Chief Magistrate Emma Louise Arbuthnot granted bail to Vijay Mallya until December 4. The next hearing has been set for July 6. "I have not eluded any court...I have enough evidence to prove my case," Mallya told reporters outside the court. "I don't make statements to the media because anything I say is twisted. There is enough evidence, that will speak," he said. "I go to cheer India in a cricket match and it becomes a media frenzy. It's better I don...

The Islamabad High Court (IHC) has allowed Indian national Uzma, who has accused her Pakistani husband of marrying her at gunpoint, to return to India and has also ordered police to provide her security till the Wagah Border. An Islamabad High Court bench, headed by Justice Mohsin Akhtar Kayani, returned Uzma her original immigration form, which her husband Tahir had submitted to the court on Tuesday, reports Geo News. Tahir also expressed his desire to meet Uzma in private, which the later refused. Justice Kayani remarked that if Uzma does not want to meet Tahir, then she won't be forced. On May 19, Uzma had submitted a 6-page reply to the High Court and reiterated her earlier claims and said that she was forced to sign the Nikkahnama [marriage papers]. Read this: Melania Trump swats Donald Trump's hand again; Twitter turns it into a meme The reply also claimed that Tahir's affidavit was based on lies. The reply also requested that Uzma is allowed to ...

The apex court, which held Mallya guilty of contempt of court, The transfer of $40 million Vijay Mallya had received from British firm Diageo to his three children reflected the beleaguered businessman's intent to put the funds beyond the reach of the courts, the Supreme Court has said. The apex court, which held Mallya guilty of contempt of court, said the $40 million fund, which was in his control, was completely covered and governed by the judicial orders directing him not to transfer, alienate or dispose of any movable and immovable properties till further orders. READ THIS: Indian Railways to add extra AC-3 coaches to clear summer rush "The explanation that the funds now stand transferred in favour of the trusts over which Mallya has no control at all, in fact, aggravates the extent of violation. It is clear that the funds which were in control of Mallya have now been sought to be put beyond the reach of the processes of court, which is reflective...

Indian tycoon Vijay Mallya , who has been declared a proclaimed offender, is likely to challenge his extradition to India from the UK on the grounds that the charges against him are politically motivated, a legal expert said on Wednesday. The 61-year-old liquor baron, who has been living in self-imposed exile in Britain since last year, was arrested by Scotland Yard on Tuesday on fraud allegations, triggering an official extradition process in the British courts. READ THIS : 78% say action against Mallya and Sahara will help Modi govt politically Mallya was released on conditional bail a few hours later after providing a bail bond worth 650,000 pounds and assuring the court of abiding by all conditions associated with extradition proceedings, such as the surrender of his passport and a ban on him possessing any travel documents. The UK's Crown Prosecution Service (CPS) will now argue the case on behalf of the Indian authorities. "The Crown Prosecution Se...