This was after ED contested the adjudicating authority’s order that quashed its attachment of a Mumbai flat owned by the Kochhars and cash of Rs 10.5 lakh.
Without commenting on the merits of the allegations, the HC limited its decision to the legality of the arrest and if there was any contravention of statutory provisions.
SC had stayed UP Police's criminal proceedings against Yes Bank ex-CEO Kapoor & Videocon founder Dhoot last month. Chandra alleges Kapoor arm-twisted him into agreeing merger between Dish TV and Videocon in 2016.
Twin Star, a part of Agarwal’s Vedanta Group, will pay about Rs 30 billion to Videocon’s lenders. Videocon was among the first 12 companies pushed into bankruptcy after directions issued by RBI in 2017.
The CBI has accused former ICICI Bank CEO Chanda Kochhar of conspiring with her husband Deepak Kochhar and Videocon chief V.N. Dhoot to cheat her bank.
State Bank of India filed an insolvency petition against Videocon. The TV maker filed an appeal to get back control, blamed India and Brazil for bad debt pile.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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