The ED Wednesday urged a Delhi court to recall its earlier order granting permanent exemption from personal appearance to liquor baron Vijay Mallya in a case for allegedly evading summons issued by the agency in connection with purported violation of foreign exchange rules.
In the month of March, the Supreme Court had asked SEBI to initiate the process of selling 87 "unencumbered" properties of Sahara group, whose title deeds are with the market regulator, to generate the bail money for release of its chief Subrata Roy who has been in jail for two years now.
With the consortium of banks refusing Vijay Mallya's proposal to pay over Rs 6000 crore in the IDBI Bank loan default case, his lawyers on Tuesday said the banks' intention were no longer to recover money but to see the business man in jail.
Air India Monday said three of its Dreamliner planes have been affected due to the US aviation regulator FAA's airworthiness directive over an engine defect in the Boeing 787-800 aircraft but maintained that the issue will be resolved in the next two weeks without grounding of the planes.
The Ethics committee of Parliament took up the issue of beleaguered businessman Vijay Mallya, who is facing legal proceedings for alleged loan defaults by his group to the tune of over Rs 9,000 crore, and gave him a week to respond why his membership of the Upper House should not be terminated.
After gaining popularity in Western Europe, USA, Australia and the Middle East, Bonita, India`s most popular home utility product line from the house of Casa Brands India Pvt. has enlisted another major achievement to its credit, becoming the only Indian brand to start selling its products through retail giant Bed Bath & Beyond in North America.