“Public Money at Stake”: Supreme Court to Examine Alleged Undervaluation of 5-Star Hotel in Bank OTS Deals

The Supreme Court of India has agreed to hear a plea alleging undervaluation of Delhi’s Hyatt Regency Hotel in one-time settlement deals between Asian Hotels and two public sector banks. Issuing notice to the Centre and the banks, the Court said it must ensure transparency as the funds involved are public money.

AgustaWestland Case | This Practice Has To Stop: Supreme Court Rejects Adv.Gautam Khaitan’s Challenge to ED Property Attachment

Today, On 6th January, The Supreme Court rejected Advocate Gautam Khaitan’s plea challenging the ED’s property attachment in the AgustaWestland case, stating “This practice has to stop” as it criticised attempts by wealthy accused persons to bypass the normal trial process.

Bank Fraud Case: Supreme Court Grants Bail to Ex-Amtek Chairman Arvind Dham After Delhi HC Denial

Today, On 6th January, The Supreme Court has granted bail to former Amtek Group chairman Arvind Dham in the Rs.2,700-crore bank fraud case, months after the Delhi High Court denied relief. The trial court will now decide the specific bail conditions.

Delhi High Court slams “roving inquiry” plea, dismisses PIL seeking CBI probe into Hyatt Regency owner’s loan settlement with PNB, BOM

The Delhi High Court dismissed a PIL by NGO Infrastructure Watchdog seeking a probe into Punjab National Bank and Bank of Maharashtra’s One-Time Settlement with Asian Hotels North, calling it speculative and unsupported by facts.