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Takeover of Sahara’s Aamby Valley properties to begin tomorrow

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Aamby-vaaley

[vc_row][vc_column][vc_column_text]The Bombay High Court receiver, appointed by the Supreme Court to take over the management of Sahara Group’s Aamby Valley luxury township near Pune, has told the property’s CEO Vivek Kumar that the process of taking ‘symbolic possession of Aamby Valley City’ would begin Monday, Dec 11.

In a communique sent on Friday, Dec 8, the receiver asked Kumar to be present at the properties ‘on the date and time mentioned in the schedule’ with all relevant documents and also ‘to intimate concerned persons at the sites about the said visit’.

The Supreme Court, on Nov 23 last, had ordered the official receiver at the Bombay High Court to take over the management of affairs of Aamby Valley, to ensure that the auction of the property proceeds smoothly. There had been allegations that a previous attempt to sell the property was obstructed. There was also fear of encroachment and the possibility of not finding any bidder for it, according to media reports.

The bench of Chief Justice Dipak Misra and judges Ranjan Gogoi and A K Sikri said: “The duty of the receiver is to see the valuation is not reduced and the property is maintained.”

The takeover by court receiver will end control and possession of the Sahara group over the Rs 37,000-crore property, spread across 43 sq km off Lonavla, on the Mumbai-Pune Highway.

Earlier this year, the Court had ordered the township’s auction after Sahara failed to pay the Securities and Exchange Board of India (SEBI) the amount fixed by the court’s 2012 order. SC had originally ordered Sahara India Real Estate and Sahara Housing Invest Corp to refund Rs 24,029 crore raised from 29.6 million investors, along with an interest of 15 per cent. Sahara repaid only Rs 5,120 crore and claimed the rest was refunded to the investors directly. The court did not buy this argument and sent group chief Subrata Roy to Delhi’s Tihar jail in 2014.

Roy was released on parole in 2016 and some amount was paid in instalments. With delay, however, interest on the due accumulated and the dues mounted to over Rs 40,000 crore. The court ordered the auction of Aamby Valley as the final option to end the proceedings that have dragged on for seven years.[/vc_column_text][/vc_column][/vc_row][vc_row css=”.vc_custom_1512906641297{margin-bottom: 20px !important;border-bottom-width: 20px !important;padding-top: 20px !important;padding-bottom: 20px !important;background-color: #a2b1bf !important;}”][vc_column][vc_column_text]Outward No. of 2017. Bank of India Building, 2nd Floor,

(G.C.P.)J1879(1,25,000112007)

Mahatma Gandhi Marg,

Tel. No.22670219 (Office) Fort, Mumbai – 400 023

From : D. R. Shetty, Date :8th December, 2017

COURT RECEIVER, HIGH COURT, BOMBAY

To,

Mr. Vivek Kumar

C.E.O., AambyValley City

Hotel Sahara Star,

Opp. Domestic Airport,

VileParle

(East)

Mumbai 400 057.

Sub. :Compliance of the order dated 23/11/2017 passed by Hon’ble Supreme Court in the matter of Securities And Exchange Board of India V/s Subrata Roy Sahara & Ors.

Ref. :order dated 23rd November, 2017 in Conmt. Petition (c) Nos. 18201822/2017 in Conmt. Pet. (c) Nos. 412 and 413/2012 in C.A. Nos. 9813 and 9833/2011

Sir,

Apropos of the subject referred above, I am directed to inform you that as per above referred order, Court Receiver, High Court, Bombay is appointed as official Receiver in respect of Aamby Valley City. In compliance of this order, Court Receiver, High Court, Bombay has fixed an appointment to take symbolic possession of Aamby Valley City at Lonavala and properties belonging to Aamby Valley Limited at Village Dabhedabhekar, Tal. Mahabaleshwar, Sambhukhed, Tal. Mann, and Yerphale, Tal.Patan, Dist. Satara as per the schedule given below.

Therefore, you are requested to remain present on the date and time mentioned in the schedule given below with your officers along with documents of title, revenue records, survey record, approved maps, licenses, contracts, agency agreements, seal and stamp of your office and other necessary documents. You are also requested that the extra sets of copies of all these documents be brought on site. You are further requested to intimate concerned persons at the sites about the said visit.

Yours faithfully,

Sd/COURT

RECEIVER.

Schedule

Description of properties Date of

visit/appointment

1 Aamby Valley City, Taluka – Mulshi, Lonavala, Dist. Pune – 11/12/2017 at 9.30 a.m.

2 Aamby Valley Limited property, Gat No.76 at village Yerphale, Tal. Patan, Dist. Satara – 12/12/2017 at 9.00 a.m.

3 Aamby Valley Limited Property, Gat No.334, 287, 298, 321A,321B, 321C, 338 and 320 at Village Sambhukhed, Tal. Mann, Dist, Satara – 12/12/2017 at 2.00 p.m.

4 Aamby Valley Limited Property, Gat No. 2/66, 10/74 Village Dabhedabhekar, Tal. Mahabaleshwar, Dist. Satara – 13/12/2017 at 10.00 a.m

Encl.:Copy of order dated 23.11.2017 of Hon’ble Supreme Court.[/vc_column_text][/vc_column][/vc_row]

India News

Delhi records October’s coldest morning so far, air quality may worsen

Delhi recorded October’s coldest morning so far, while forecasts pointed to the possibility of worsening air quality as cooler, drier conditions set in.

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Delhi Weather Update

Delhi has experienced a noticeable drop in temperatures, with the national capital recording its coldest morning of October so far. At the same time, concerns over air pollution have returned, with the city’s air quality facing the possibility of further deterioration.

The change in weather comes as the post-monsoon period progresses and cooler conditions begin to set in across the capital. The combination of falling temperatures and changing atmospheric conditions has renewed attention on Delhi’s pollution outlook.

Delhi’s temperature drops

The latest weather development marks a shift towards cooler mornings in the national capital. The fall in temperature is an indication of changing seasonal conditions, although it does not necessarily mean that winter has fully arrived.

Weather conditions can also influence the concentration of pollutants in the air. When winds are weak and rainfall is absent, pollutants may disperse less effectively, potentially contributing to a decline in air quality.

Air quality may deteriorate

Delhi’s pollution levels remain a concern as the city moves further into the post-monsoon season. A deterioration in air quality can occur when weather conditions allow pollutants from different sources to accumulate.

The air quality outlook is particularly important during this period, when changing wind patterns and a reduction in rainfall can affect the dispersion of pollutants. However, the possibility of worsening air quality should not be interpreted as confirmation that Delhi’s Air Quality Index (AQI) has already entered a more polluted category.

Residents should follow official air quality updates to understand the prevailing conditions and any changes in pollution levels.

Weather and pollution outlook

Delhi’s changing temperatures and air quality highlight two related but distinct aspects of the seasonal transition. A colder morning does not automatically indicate worse pollution, but weather conditions can influence how pollutants disperse.

The latest developments underline the importance of monitoring both temperature forecasts and official AQI readings as the capital moves through October.

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Jagan Reddy seeks President’s rule in Andhra Pradesh amid poll violence

YSRCP chief YS Jagan Mohan Reddy has demanded President’s Rule in Andhra Pradesh over alleged violence during the local body election nomination process. Chief Minister Chandrababu Naidu, meanwhile, accused the opposition of obstructing government initiatives and said violence was in its DNA.

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Jagan Mohan Reddy

Political tensions in Andhra Pradesh have escalated during the ongoing local body election nomination process, with Chief Minister Chandrababu Naidu and YSR Congress Party (YSRCP) chief YS Jagan Mohan Reddy trading allegations over violence, intimidation and the conduct of elections.

Jagan Mohan Reddy, a former chief minister, has demanded the immediate imposition of President’s Rule in the state. He has accused the ruling Telugu Desam Party (TDP)-led coalition government of using the police and administrative machinery to intimidate opposition candidates and obstruct the filing of nominations.

Naidu, meanwhile, has accused the YSRCP of resorting to violence and using court cases to obstruct government initiatives. The rival accusations have intensified the political confrontation ahead of the local body elections.

Chandrababu Naidu’s ‘DNA’ remark triggers political row

On Monday, Naidu accused the YSRCP of creating disturbances in several constituencies and alleged that criminal elements from other states were being brought into areas including Punganur, Rayachoti, Dharmavaram, Tirupati, Pulivendula and Darsi.

The Andhra Pradesh Chief Minister also criticised the opposition over its legal challenges concerning issues such as the Special Intensive Revision (SIR) of electoral rolls and reservations for Backward Classes.

Accusing the opposition of using allegations of injustice to obstruct administrative and electoral processes, Naidu said, “Violence is in their DNA.”

The remark added to the ongoing political exchange between the ruling coalition and the YSRCP.

Jagan alleges intimidation of opposition candidates

Jagan Mohan Reddy has accused the TDP-led government of creating an environment in which opposition candidates are unable to file their nominations freely.

The YSRCP chief alleged that party candidates were threatened with knives and sticks at nomination centres and that nomination papers were snatched or torn. He also accused police personnel of acting against opposition candidates and party leaders.

Reddy further alleged that police officials were picking up candidates during the night to prevent them from participating in the election process.

He claimed that three YSRCP MPs who accompanied candidates as proposers were also targeted and that their nomination papers were snatched and torn in the presence of police personnel.

These claims form part of the opposition party’s allegations against the state government. The ruling side has disputed the YSRCP’s account and accused it of politicising the violence.

Tensions reported during nomination scrutiny in Kuppam

The political confrontation coincided with tensions in Kuppam, Naidu’s home constituency in Chittoor district, on Monday during the scrutiny of nominations for local body elections.

Workers of the TDP and YSRCP allegedly clashed near a nomination centre. Police resorted to a lathi-charge to disperse the rival groups.

Several people were injured and taken to hospitals in ambulances, according to the report. Candidates and party workers were also seen running for safety as the situation turned tense.

An official confirmation of the injuries and police action was awaited at the time of the report.

Jagan calls for central intervention

Demanding immediate central government intervention, Jagan Mohan Reddy alleged that constitutional institutions in Andhra Pradesh were being undermined and that democratic rights were being violated.

He called for the imposition of President’s Rule and sought the deployment of central paramilitary forces to help ensure free and fair local body elections. He also demanded CCTV coverage of the entire election process.

The demand follows the YSRCP chief’s allegations that opposition candidates are being prevented from filing nominations and that police personnel are failing to protect them.

The ruling coalition has rejected the opposition’s allegations, leaving the two sides locked in a dispute over responsibility for the violence and the fairness of the electoral process.

Andhra Pradesh local body election schedule

The Andhra Pradesh State Election Commission, headed by State Election Commissioner Anil Chandra Punetha, announced the election schedule on October 14.

According to the announced timetable:

  • Urban local bodies: Polling for 100 urban local bodies is scheduled for October 28, with counting on October 30.
  • MPTC and ZPTC elections: Polling for Mandal Parishad Territorial Constituencies and Zilla Parishad Territorial Constituencies is scheduled for November 3, with counting on November 5.
  • Gram Panchayat elections: Polling is scheduled in three phases on November 26, November 29 and December 2.

The nomination process has become a fresh point of confrontation between the ruling coalition and the YSRCP, with both sides accusing the other of undermining the democratic process.

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India News

Mumbai Police book 3 unidentified shooters in Tiger Shroff firing case

Mumbai Police have registered a case against three unidentified individuals in connection with the firing at Tiger Shroff’s car in Mumbai’s Juhu area. The actor escaped without gunshot injuries, while two other people were injured.

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Mumbai Police have registered a First Information Report (FIR) against three unidentified individuals in connection with the firing incident involving Bollywood actor Tiger Shroff in Mumbai’s Juhu area. The case is under investigation as police work to identify those responsible for the shooting.

The incident took place on Sunday evening, October 18, when unidentified assailants opened fire at the vehicle carrying Shroff. The actor escaped without gunshot injuries, while two other people sustained injuries in the incident.

FIR registered against unidentified suspects

The police case names three unidentified individuals in connection with the firing. Investigators are examining evidence to establish the identities of the suspects and determine the circumstances surrounding the attack.

The registration of the FIR marks a formal step in the investigation. However, the identities of the accused have not been established in the report, and the case remains under investigation.

What happened during the firing incident

The shooting occurred in Mumbai’s Juhu area as Shroff was returning after playing football. The assailants reportedly opened fire at his car before fleeing.

The actor’s driver was among the two people injured in the incident. Police have been investigating the circumstances of the shooting and examining available evidence to trace those involved.

Investigation continues

Mumbai Police are continuing their investigation into the firing. The motive behind the attack and the identities of those responsible remain key questions for investigators.

A claim of responsibility attributed to individuals allegedly associated with the Lawrence Bishnoi gang has also surfaced on social media. However, the alleged gang’s involvement should not be treated as established fact without official confirmation from the police.

Further details are awaited as the investigation progresses.

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