English हिन्दी
Connect with us

India News

Rotomac pens owner Vikram Kothari booked for 800 crore bank loan default

Published

on

Loan Application

Close on the heels of the Punjab National Bank scam, the CBI on Monday registered an FIR against Rotomac Pen and its promoter Vikram Kothari for allegedly defaulting on loans of over Rs 800 crore from multiple banks following a complaint from Bank of Baroda (BoB).

The agency carried out raids at several locations in Kanpur, where the company is based and Kothari and his wife were being questioned at their Kanpur residence.

With his office in Lucknow found locked for a week, Kothari was earlier rumoured to have left the country, but he clarified through local media yesterday that he was in Kanpur.

Kothari had reportedly taken a loan of more than Rs 800 crore from over five state-owned banks. Allahabad Bank, Bank of India, Bank of Baroda, Indian Overseas Bank and Union Bank of India allegedly compromised their rules to sanction loans to Rotomac, reported The India Express, quoting sources. Kothari took a loan of Rs 485 crore from Mumbai-based Union Bank of India and a loan of Rs 352 crore from Kolkata-based Allahabad Bank.

A year later, Kothari has allegedly not paid back either the interest or the loan and in Feb 2017, Bank of Baroda, a consortium partner declared pen manufacturer Rotomac Global Pvt Ltd as “wilful defaulter”.

Rotomac had contested the tag in the Allahabad High Court on the ground that it had offered Rs 300 crore assets to the bank and still it was called a wilful defaulter. The company had got an order in its favour but failed to pay the loans.

A report in Business Today carried a statement issued by Kothari following rumours that he had fled the country: “First of all, it is not a scam. I am not going anywhere. I am an Indian citizen and am very much in my hometown. Though banks have declared my company as a non-performing asset (NPA), I am not a defaulter. The matter is still sub judice with the National Company Law Tribunal (NCLT). I am regularly in touch with the banks and am constantly cooperating with them. I availed the loans and will repay them soon.”

India News

Karnataka MLC election results 2026: NDA wins all 4 Seats

The BJP-JD(S) alliance won all four seats in the Karnataka Legislative Council elections held on October 23, 2026. The BJP secured three seats, while the JD(S) won one, dealing a setback to the ruling Congress.

Published

on

BJP

The BJP-led National Democratic Alliance (NDA) has won all four seats in the Karnataka Legislative Council elections, with the Bharatiya Janata Party (BJP) securing three seats and its ally Janata Dal (Secular), or JD(S), winning one.

The results are a setback for the ruling Congress, which failed to win any of the four seats contested in the elections held on October 23.

The contest was closely watched as a test of coordination between the BJP and JD(S), which fought the elections as alliance partners. The outcome also drew attention to the Congress’s support among voters in teachers’ and graduates’ constituencies.

BJP wins three seats, JD(S) secures one

The BJP won the North-East Teachers’ constituency, the South-East Graduates’ constituency and the West Graduates’ constituency. The JD(S), meanwhile, won the Bengaluru Teachers’ constituency.

The Bengaluru Teachers’ constituency contest was particularly significant because the JD(S) candidate, A P Ranganath, defeated sitting Congress MLC Puttanna. Ranganath had previously contested the constituency against Puttanna, who had switched to the Congress before the previous Assembly elections.

The results demonstrated the electoral outcome of the BJP-JD(S) alliance in these four constituencies. However, the results alone do not establish how the outcome will affect the parties’ performance in future state-wide elections.

BJP leader targets Congress government

Reacting to the results, BJP leader Ashok Gowda described the outcome as a success for the NDA and criticised the Congress government in Karnataka.

“This is a success for the NDA and all the narratives spread by the Congress have been exposed,” Gowda told media.

He also alleged that the Congress government had failed in the state and claimed that the results reflected public dissatisfaction with the ruling party.

These remarks were Gowda’s political assessment of the election outcome and should be understood as statements by a BJP leader.

Election tests BJP-JD(S) coordination

The elections were seen as an important test of whether the BJP and JD(S) could coordinate their campaigns and consolidate support behind their respective alliance candidates.

The JD(S) was allocated the Bengaluru Teachers’ constituency, while the BJP contested the other three seats. The alliance’s victory across all four constituencies gave both parties a favourable result in this round of Legislative Council elections.

The Congress, which governs Karnataka, did not win any of the four seats. Nevertheless, the Legislative Council results should be distinguished from a state Assembly election, as the contests involved specific teachers’ and graduates’ constituencies rather than the entire electorate.

Continue Reading

India News

Cyclone Arnab makes landfall in Andhra Pradesh, winds reach 140 Kmph

Cyclone Arnab made landfall near the Andhra Pradesh coast early Wednesday, October 28, bringing heavy rain and winds of 115–125 kmph, with gusts reaching 140 kmph. More than 1.8 lakh people were evacuated from vulnerable areas in Andhra Pradesh and Odisha.

Published

on

cyclone

Cyclone Arnab made landfall near the Andhra Pradesh coast early Wednesday, October 28, bringing heavy rainfall and powerful winds to coastal areas. The India Meteorological Department (IMD) said the landfall process was expected to continue for several hours as the very severe cyclonic storm moved close to the coastline.

The cyclone was located over the west-central Bay of Bengal near the Andhra Pradesh and Yanam coasts, according to the IMD bulletin issued at 6:30 am. It was positioned approximately 30 km east of Narsapur, 45 km south-southwest of Yanam, 70 km south-southwest of Kakinada and 90 km east-northeast of Machilipatnam.

Winds of 115–125 kmph, with gusts reaching 140 kmph, were forecast in the affected region. The IMD also warned of a storm surge of 1 to 1.5 metres above the normal tide, which could inundate low-lying areas of Andhra Pradesh.

More than 1.8 lakh people evacuated

Authorities in Andhra Pradesh and Odisha evacuated more than 1.8 lakh people ahead of the cyclone’s arrival, according to the report.

The storm brought heavy rainfall to several districts in both states. In Andhra Pradesh, Visakhapatnam recorded the highest rainfall, receiving 216 mm between 8:30 am on October 27 and 5:30 am on October 28.

Kalingapatnam recorded 147 mm of rainfall during the period, followed by Kakinada at 118 mm and Machilipatnam at 115 mm.

In Odisha, Ganjam and Balasore were among the districts that experienced heavy rain.

Flights cancelled, power supply disrupted

The cyclone’s impact disrupted transport and essential services in the affected areas. Several airlines cancelled flights to Visakhapatnam and Vijayawada for Wednesday.

Power supplies were disrupted and trees were uprooted in parts of the affected states. Some schools were also closed, while certain train services were cancelled.

No loss of life had been reported in Andhra Pradesh or Odisha at the time of the report.

The IMD forecast that heavy rainfall would continue on Wednesday and Thursday as the cyclone affected coastal areas and neighbouring regions.

Why is the cyclone called Arnab?

The name Arnab was proposed by Bangladesh and is part of the official list of tropical cyclone names adopted in 2020 by the World Meteorological Organization and the United Nations Economic and Social Commission for Asia and the Pacific Panel on Tropical Cyclones.

The list includes names submitted by 13 countries: Bangladesh, India, Iran, the Maldives, Myanmar, Oman, Pakistan, Qatar, Saudi Arabia, Sri Lanka, Thailand, the United Arab Emirates and Yemen.

Each country contributed 13 names, bringing the total to 169. These names are used sequentially for tropical cyclones developing over the North Indian Ocean, which includes the Bay of Bengal and the Arabian Sea.

The name Arnab is commonly associated with the Bengali word for the ocean or sea. Naming cyclones helps distinguish individual weather systems and reduces confusion when multiple storms occur.

Continue Reading

Entertainment

CID creator BP Singh dies of heart attack, film industry pays tribute

B.P. Singh, the creator and producer-director of CID, has died after suffering a heart attack. His contribution to Indian television has prompted tributes from colleagues and members of the entertainment industry.

Published

on

BP Singh

Veteran television producer-director B.P. Singh, best known for creating the popular crime investigation series CID, has died after suffering a heart attack. His death on Tuesday, October 27, prompted tributes from colleagues and members of the entertainment industry, who remembered his contribution to Indian television.

Filmmaker Ashoke Pandit shared the news of Singh’s death in a social media post, remembering him as an accomplished filmmaker whose work had captivated audiences through shows such as CID and Aahat.

Pandit also recalled his association with Singh during the latter’s tenure as president of the Indian Film and Television Directors’ Association. Expressing grief over the loss, he described Singh as a close friend and a person whose work would continue to inspire future generations.

The last rites are scheduled to take place on Wednesday, October 28, according to Pandit’s post.

BP Singh’s contribution to Indian television

Born Brijendra Pal Singh, B.P. Singh established himself as a prominent figure in Indian television through his work as a producer and director. He created CID, one of the country’s longest-running crime investigation shows, which premiered in 1998 and followed a team of Mumbai crime branch officers investigating cases.

The series became widely recognised among television audiences and ran for around two decades. Singh also occasionally appeared on the show as DCP Shamsher Singh Chitrole.

One of the show’s notable milestones came in October 2004, when a special episode was filmed in a single continuous take lasting 111 minutes. The achievement received recognition in the Limca Book of Records and the Guinness World Records.

Singh’s work was not limited to crime dramas. He was also associated with Aahat, a popular horror television series that aired from 1995 to 2015. His other projects included Khaaki, Abhay and SuperCops Vs Super Villains.

Ashoke Pandit remembers the veteran filmmaker

In his tribute, Pandit recalled Singh’s professional achievements and their personal association. He praised the filmmaker’s work on CID and Aahat and expressed condolences to his family and loved ones.

Singh’s death marks the loss of a veteran television professional whose productions helped shape crime and horror programming in India.

His work on CID and Aahat remains a significant part of his legacy in Indian television.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com