The company approached Securities Appellate Tribunal ahead of its EGM scheduled for 22 June to seek shareholders' approval for the proposal to raise capital through the Carlyle deal.
SEBI said the resolution regarding the deal, which was to be put to a shareholders' vote on 22 June, was 'ultra-vires' or beyond the powers of the company's Articles of Association.
On second day of week-long hearing in London, Modi’s lawyer sought to cast doubt on allegations the jeweller fraudulently procured guarantees from PNB.
Diamond merchant Nirav Modi has been lodged at London's Wandsworth prison since his arrest this March in connection with the PNB fraud and money laundering case.
Punjab National Bank reported the new fraud to the Reserve Bank of India. The fraud took place at its Chandigarh branch, and in its Hong Kong and Dubai offices.
While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.
In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.
The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.
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