Sterlite, former directors lose appeal, ₹35 Crore penalty stands, ET LegalWorld
Highlights The Appellate Tribunal under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act in New Delhi has dismissed the appeal filed by Sterlite Industries (India) Limited and its former directors against the Enforcement Directorate’s ruling. The Enforcement Directorate has imposed a total penalty of ₹35 crore, including ₹20 crore on Sterlite Industries (India) […]
Delhi HC refuses to quash second FIR against KJS Cement (I)’s MD, directors, ET LegalWorld
The Delhi High Court has refused to quash a cheating and forgery case against the directors and former directors of a private company, saying the investigation is at a nascent stage. The court rejected the plea of the accused, including Managing Director of KJS Cement (I) Ltd Pawan Kumar Ahluwalia, seeking to quash the second […]
HC refuses to quash second FIR against firm’s MD, directors, ET LegalWorld
The Delhi High Court has refused to quash a cheating and forgery case against the directors and former directors of a private company, saying the investigation is at a nascent stage. The court rejected the plea of the accused, including Managing Director of KJS Cement (I) Ltd Pawan Kumar Ahluwalia, seeking to quash the second […]
Court appoints new directors of Oberoi Hotels & Oberoi Properties amid inheritance dispute, ET LegalWorld
Amid the ongoing family inheritance dispute between promoters of the Oberoi Group, Anastasia Oberoi, daughter of late hotelier PRS Oberoi, along with her step-siblings Vikramjit Singh Oberoi and Natasha Oberoi, and their cousin Arjun Singh Oberoi, have been appointed as directors of Oberoi Hotels and Oberoi Properties. The appointments were confirmed during an annual general […]
Private firm’s 3 directors convicted for not following SEBI rules, defrauding investors, ET LegalWorld
A court here has convicted a private company and its three directors in an over 23-year-old case under the SEBI Act and Collective Investment Scheme (CIS) regulations, saying they trapped innocent people by promising them unrealistic returns. Additional Sessions Judge Vandana Jain was hearing a 2001 case against Kisley Plantation Ltd, a company in East […]