English हिन्दी
Connect with us

India News

Takeover of Sahara’s Aamby Valley properties to begin tomorrow

Published

on

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 AQI nears 400 as Diwali night smoke engulfs city

Delhi’s overall AQI reached 373 on Diwali night, with several areas recording AQI above 400 as smoke engulfed the city.

Published

on

Delhi Air Quality

Delhi-NCR witnessed a sharp deterioration in air quality on Diwali night as thick smoke blanketed several parts of the region and visibility fell. Delhi’s overall Air Quality Index (AQI) stood at 373, in the “very poor” category, at 11:05 pm on November 8, according to data cited from the Central Pollution Control Board (CPCB).

Several parts of the capital, however, recorded AQI levels above 400, placing them in the “severe” category. Areas reporting such levels included Alipur, Bawana, Burari, Chandni Chowk, Mundka, Punjabi Bagh, Rohini and Vivek Vihar, among others.

Delhi-NCR air quality on Diwali night

The pollution was not restricted to Delhi. At 11:05 pm, Noida’s average AQI stood at 319, while Ghaziabad recorded 360. Gurugram and Faridabad recorded AQI levels of 280 and 297, respectively.

According to the CPCB classification, an AQI between 301 and 400 falls under the “very poor” category, while 401 to 500 is classified as “severe”.

The Air Quality Early Warning System had predicted that Delhi’s air quality was likely to remain in the severe category from November 9 for the next few days.

GRAP Stage 3 already in force

Ahead of Diwali, the Commission for Air Quality Management (CAQM) had enforced Stage 3 of the Graded Response Action Plan (GRAP) across Delhi-NCR as a pre-emptive measure.

The move came amid forecasts of worsening air quality around the festival.

Despite restrictions, concerns were raised over compliance with pollution-control measures and the continued use of firecrackers.

Environmentalist questions pollution data

Environmentalists also raised questions about whether official AQI readings fully reflected the pollution being experienced across neighbourhoods.

Environmental activist Bhavreen Kandhari questioned the reliability of government pollution data and pointed to differences between official readings and measurements from independent AQI monitors. She also raised concerns about data gaps at several monitoring stations on November 6.

Kandhari alleged that 11 monitoring stations had experienced data gaps, including 22 missing hourly PM2.5 readings and 27 missing PM10 readings. She specifically mentioned outages at IIT Delhi, Nangloi and NSIT Dwarka.

The concerns come as Delhi enters another period of severe winter pollution, with smoke, poor dispersion conditions and emissions contributing to deteriorating air quality.

Continue Reading

India News

L.K. Advani turns 99, PM Modi highlights his 2 defining qualities

On L.K. Advani’s 99th birthday, PM Narendra Modi highlighted two qualities he said set the BJP veteran apart — ideological clarity and intellectual sharpness.

Published

on

Prime Minister Narendra Modi on Sunday recalled the long political journey of veteran BJP leader and former Deputy Prime Minister L.K. Advani as he turned 99.

Advani, born on November 8, 1927, in Karachi, entered the 100th year of his life on Sunday. In a tribute, Mr Modi highlighted Advani’s contribution to the growth of the Bharatiya Janata Party and described two qualities that, according to him, set the veteran leader apart.

What are Advani’s 2 defining qualities?

According to PM Modi, the first defining quality was ideological clarity and intellectual sharpness.

He said this was reflected in Advani’s speeches, writings and interviews. Modi also noted that the resolutions Advani authored for the Jana Sangh and the BJP remained relevant for study.

The second quality highlighted by the Prime Minister was Advani’s manner of challenging what Modi described as “pseudo-secularism” promoted by a section of the Indian political class over the years.

Modi recalls Advani’s role in BJP’s growth

Modi said Advani played an important role in strengthening the Jana Sangh and subsequently building the BJP.

He recalled that during Advani’s terms as BJP president, the party emerged as the single-largest party in Parliament for the first time in 1996. Modi also credited Advani with nurturing successive generations of party workers and giving the BJP a foundation based on the principle of “Nation First”.

The Prime Minister also recalled the partnership between Advani and former Prime Minister Atal Bihari Vajpayee. He said the two leaders worked together for decades without becoming competitors and together influenced the course of Indian politics.

Advani’s journey from Rajasthan to national politics

Modi recalled Advani’s early work as an RSS pracharak in Rajasthan before he moved to Delhi and became involved in the Jana Sangh.

Advani became chairman of the Delhi Metropolitan Council in 1967, while his parliamentary career began in 1970. He later served as Leader of the Opposition and held key positions in the Union government.

Modi also remembered his association with Advani during the 1991 Lok Sabha election campaign. He said he helped prepare Advani’s papers and assisted him during the campaign when the BJP leader contested from Gandhinagar among two seats.

Modi recalls Emergency, Rath Yatra and Advani’s public life

The Prime Minister described the Emergency as a significant phase in Advani’s life and recalled his experiences during that period.

He also highlighted Advani’s role in the Somnath-to-Ayodhya Rath Yatra and said he had been involved in the initiative from its planning stage through its execution. Modi recalled Advani’s arrest in Bihar during the Yatra and the subsequent political developments in Gujarat.

Beyond politics, Modi described Advani as an avid reader with an interest in cinema, theatre and history. He also recalled Advani’s efforts to remain connected with Sindhi culture and his association with the Sindhu Darshan Puja near Leh.

Advani was awarded Bharat Ratna in 2024

Modi also referred to Advani receiving the Bharat Ratna in 2024, recognising his decades of public service.

Advani, who served as Deputy Prime Minister and Home Minister, has been one of the BJP’s most prominent leaders and played a significant role in the party’s political journey.

Concluding his birthday tribute, Modi wished Advani good health as he entered his 100th year.

Continue Reading

India News

Yogi Adityanath takes a dig at Akhilesh Yadav over Ram Temple visit plan

Yogi Adityanath’s remarks came after the Samajwadi Party announced that Akhilesh Yadav would visit the Ram Temple in Ayodhya on December 12.

Published

on

Yogi Adityanath

Uttar Pradesh Chief Minister Yogi Adityanath on Saturday took an apparent swipe at Samajwadi Party chief Akhilesh Yadav over his planned visit to the Ram Temple in Ayodhya, saying those who had fired on Ram devotees should first apologise to them and to the saints.

Yogi made the remarks while addressing the 10th edition of Deepotsav in Ayodhya. He did not name Akhilesh Yadav directly.

Yogi’s remarks come after Akhilesh’s Ayodhya visit plan

The chief minister’s comments came after the Samajwadi Party announced that Akhilesh Yadav would visit the Ram Temple in Ayodhya on December 12. It would be his first visit to the temple since its inauguration, according to the report.

Yogi said those who had earlier neglected and insulted Ayodhya, opened fire on Ram devotees and subjected saints to lathicharge should come to the city only after seeking forgiveness.

“Let them apologise to the devotees of Lord Ram; let them apologise to the saints,” Yogi said, adding that they should repent for their past actions.

Reference to 1990 firing on kar sevaks

Yogi’s remarks referred to the 1990 police firing on kar sevaks during the Ram Janmabhoomi movement. At the time, the Uttar Pradesh government was headed by Mulayam Singh Yadav, Akhilesh Yadav’s father.

The chief minister said those who had once “bloodied” Ayodhya were now remembering the city. He also criticised political leaders over their conduct at religious gatherings, referring to the decorum of a katha.

Akhilesh has not yet visited the Ram Temple

Akhilesh Yadav has visited Ayodhya earlier but has not so far visited the Ram Temple. The SP leader was in the city on October 8 to attend a Bhagwat Katha organised by party leader Pawan Pandey.

According to the report, Akhilesh and his wife, Mainpuri MP Dimple Yadav, are scheduled to offer prayers at the Ram Temple and Hanumangarhi on December 12.

The planned visit comes amid political activity in Ayodhya ahead of the Uttar Pradesh Assembly elections due by February 2027.

Yogi highlights Ayodhya’s transformation

During his Deepotsav address, Yogi also spoke about the changes in Ayodhya and described the city’s transformation as an ideological victory.

He said those who had previously neglected Ayodhya were now witnessing its development. He also said Lord Ram represented India’s national consciousness, culture, values and self-respect.

The chief minister further recalled the Ram Janmabhoomi movement and said Ayodhya had regained the glory for which kar sevaks and saints had struggled.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com