Tuesday, July 1, 2025

Creating liberating content

Access Denied You don’t have permission to access ” on

Bay Area Rapid Transit (BART) passengers walk off a train

MUMBAI: Shadowfax has filed draft IPO papers with markets regulator

Related News

Access Denied You don’t have permission to access ” on this server. Reference #18.adf5d217.1751389020.d844a7 Source link

Hero Motors IPO: Hero Motors has refiled its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) with an

Bay Area Rapid Transit (BART) passengers walk off a train at the Richmond station on March 15, 2023 in Richmond, California. Justin Sullivan | Getty Images Commuters in and around

MUMBAI: Shadowfax has filed draft IPO papers with markets regulator Sebi through the confidential filing route. The company is seeking to raise up to Rs 2,000-2,500 crore comprising a mix

HDB Financial Services, the non-banking finance arm of HDFC Bank, will make its stock market debut on Wednesday with grey market activity indicating a strong listing. According to ET, the

An image of a Quantix drone made by AeroVironment. David Mcnew | Getty Images News | Getty Images AeroVironment shares fell 7% Tuesday after the defense contractor said it plans

Trending News

Hero Motors IPO: Hero Motors has refiled its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) with an

MUMBAI: Shadowfax has filed draft IPO papers with markets regulator Sebi through the confidential filing route. The company is seeking to raise up to Rs 2,000-2,500 crore comprising a mix

HDB Financial Services, the non-banking finance arm of HDFC Bank, will make its stock market debut on Wednesday with grey market activity indicating a strong listing. According to ET, the

New Delhi, The Competition Commission of India (CCI) on Tuesday ordered an investigation against Asian Paints for allegedly abusing its dominant position in the market for manufacturing and sale of

Access Denied You don’t have permission to access ” on this server. Reference #18.27fdd417.1751375768.90018f2 Source link

NEW DELHI: India’s gross Goods and Services Tax (GST) collection for June stood at Rs 1.85 lakh crore, recording a 6.2% increase over the same month last year, according to

CBI searches NCLT ex-official’s premises in Rs 1 crore bribery case | India News

Word Count: 662 | Estimated Reading Time: 4 minutes


CBI searches NCLT ex-official’s premises in Rs 1 crore bribery case

MUMBAI: CBI searched the premises of a retired official of National Company Law Tribunal (NCLT) in a case where a legal firm is accused of accepting a bribe from an NCLT litigant for a favourable order. The initial demand was Rs 1.5 crore for influencing NCLT members, which was reduced to Rs 1 crore after negotiations. Of this amount, Rs 20 lakh was paid into the legal firm’s account at the instance of CBI. The remaining amount was to be paid in cash.
CBI registered a case against the proprietor of the legal firm and his employee. The role of the retired NCLT official, now a private consultant, is not clear. CBI is investigating possible connections between the accused individuals and both current and former NCLT officials.
In the current case, the hearings in the litigant’s case ended last year, and NCLT reserved it for an order in Aug.
At NCLT, Mumbai, the complainant had submitted a petition against the firm. After following the legal process, a resolution plan was submitted to NCLT bench, and after concluding the arguments, the bench reserved the order in Aug. The order is yet to be announced.
According to CBI FIR, the legal firm’s employee approached the complainant, claiming connections with NCLT members and offering a favourable decision for monetary compensation.
The legal firm used the term ‘fees’ as a code for the bribe. The complainant decided to approach CBI. CBI verified his allegation and subsequently registered the FIR.
Investigations showed that after the legal firm employee’s initial request for a 50% advance was rejected, he, along with his firm’s proprietor, agreed to a 20% (Rs 20 lakh) advance. CBI monitored their movements and recently searched their premises . During further examination of their mobile phones and other evidence, CBI searched the retired NCLT official on Monday.
The CBI FIR named the proprietor of the legal firm along with his employee, along with unknown public servants and private persons, for criminal conspiracy and attempting to manipulate public cases through illegal means.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account