NMC Healthcare founder BR Shetty has filed a $15 billion damages suit in the Bombay High Court against Bank of Baroda and 25 others, alleging fund diversion and forged guarantees. The bank says it has not been served and will defend the suit firmly.
The Bombay High Court Denies Anticipatory Bail to an accused in a Rs 7.17 crore digital arrest fraud, holding that custodial interrogation is necessary after Rs 4.03 crore of the defrauded amount was credited to his bank account. Aurangabad: The Bombay High Court at Aurangabad has rejected the anticipatory bail application of a man named […]
The NCLT Kochi has ordered the winding up of 14 Popular Finance Group entities on a petition by the Serious Fraud Investigation Office, appointing the Official Liquidator to trace money and recover assets. Kochi: The National Company Law Tribunal, Kochi Bench, has ordered the winding up of 14 entities linked to the Popular Finance Group, […]
The Supreme Court has held that the NCLT can recall admission of an insolvency petition found to be fraudulent and collusive, but that the CIRP need not end automatically, as it becomes a proceeding in rem after admission. Setting aside the NCLAT’s order, it restored the Three C Shelters CIRP linked to the Greenopolis project for the NCLT to decide whether it should continue.
The Delhi High Court has directed authorities across the country not to allow any GST registration without biometric Aadhaar authentication, acting to curb rampant fraudulent registrations obtained using the stolen PAN and Aadhaar details of innocent citizens. New Delhi: In a significant order aimed at checking large-scale identity-based tax fraud, the Delhi High Court has […]
