The probe, which looked at transactions between May 2017 and March 2018, found three large entries buried under hundreds of thousands of others that the SBI-led lenders group suspects could conceal fund diversion.
Synopsis
The bench directed Jio to furnish application copies to all parties and asked them to file their replies and adjourned the hearing to June 10. On December 3, the National Company Law Tribunal’s (NCLT) Mumbai bench had cleared Jio s resolution plan to pick up the tower and fibre assets of RCom – housed under Reliance Infratel - for under Rs4,000 crore which would have gone to the lenders.
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Reliance Jio Infocomm (Jio) has moved the bankruptcy court against
Reliance Communications (Rcom) tower unit, Reliance Infratel, seeking disclosures of the forensic audit reports of the tower company whose accounts, along with its parent’s, were marked as “fraudulent” by some of its lenders.
Param Bir Singh (File photo)
MUMBAI: In a fresh petition before Bombay high court, former Mumbai police chief Param Bir Singh has challenged two orders passed by the state on April 1 and April 20 directing a preliminary inquiry by DGP Sanjay Pandey and an inquiry into allegations made by a police inspector against him.
Singh is also seeking directions to the CBI to probe “aspects of criminal conspiracy and malicious attempts to thwart” its preliminary inquiry into his allegations of malpractices against former state home minister Anil Deshmukh, as directed by the HC on April 5.
The preliminary inquiry order “is merely a retaliation in vendetta by Deshmukh” and “punitive action’’ for having gone to court against him, said Singh’s petition.
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The Supreme Court on Thursday dismissed the petitions filed by Maharashtra Government and its former Home Minister Anil Deshmukh challenging the Bombay High Court direction for CBI preliminary enquiry on the allegations raised by former Mumbai Police Commissioner Param Bir Singh.
A bench comprising
Justices Sanjay Kishan Kaul and Hemant Gupta dismissed the petitions by observing : Given the serious nature of allegations, and the personas involved, the matter do require an independent agency to investigate the matter. It is a matter of public confidence. We may also note that what has been ordered is only a preliminary enquiry. Therefore, we are no inclined to interfere with the impugned order .
Bombay HC asks ByteDance to deposit Rs 79 crore to access Rs 60 crore of frozen funds
Bombay HC asks ByteDance to deposit Rs 79 crore to access Rs 60 crore of frozen funds
The Bombay High Court has asked Chinese company ByteDance to deposit nearly Rs 79 crore to gain access to its blocked bank accounts.
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UPDATED: April 6, 2021 19:14 IST
Bombay High Court has dismissed a petition by ByteDance to unblock its two bank accounts. (Photo: Reuters)
The Bombay High Court on Tuesday asked Chinese internet company ByteDance to deposit Rs 78.91 crore in a fixed deposit account at a nationalised bank to operate its two blocked bank accounts that have roughly Rs 60 crore.