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A committee constituted by district collector Kranthi Kumar Pati on Tuesday inspected the Trichy Road to check the feasibility of laying service roads to regulate the traffic flow ahead of commencing the Singanallur flyover work ....
Coimbatore: Union minister for textiles, commerce and industry Piyush Goyal on Thursday unveiled the bust of R K Shanmukham Chetty, the first finance . ....
Madras high court CHENNAI: In a setback to Coimbatore-based Cheran Enterprises Private Limited, the Madras high court has refused to interfere in an order passed by the Company Law Board (CLB) vesting ownership of 25 acres of land owned by Cheran s subsidiary Vasantha Mills Limited in favour of a Mauritius-based investor and a Singapore based NRI. CLB ordered transfer of the property to ORE Holdings Limited and a Singapore based NRI N Athappan since Cheran defaulted to pay back Rs 79 crore investment made by the duo with interest as orders by the board. “This court is of the view that these appeals are yet another act of oppression exercised by Cheran against the investors, by re-agitating the same cause in a different form through its subsidiary Vasantha Mill to delay the inevitable,” said Justice G Jayachandran, passing the order while dismissing appeals moved by Vasantha Mills challenging the CLB order. ....
HC directs former AIADMK MP to give away property worth ₹500 crore to two investors in his company Updated: Updated: Court says he never made genuine attempt to repay the money invested in 2004 Share Article Court says he never made genuine attempt to repay the money invested in 2004 The Madras High Court on Monday dismissed appeals preferred by former AIADMK MP K.C. Palanisamy against an order of the Company Law Board (CLB) declaring two investors in his Cheran Enterprises Private Limited as the beneficial owners of 25 acres of property reportedly worth about ₹500 crore. The court also confirmed the Board’s order directing the jurisdictional Registrar to register a sale deed vesting the property in favour of the investors if the former MP fails to execute the sale deed on his own. ....