Crompton Greaves Consumer Electricals receives LoA worth Rs 49 cr from MSEDCL
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Indian Express
4 minutes ago
- Indian Express
Shilpa Shetty, Raj Kundra claim ‘no criminality involved' in Rs 60 cr cheating case filed against them: ‘Nothing but baseless and malicious'
Actor Shilpa Shetty and her businessman-husband Raj Kundra have issued a statement through their lawyer after a case was filed against them for allegedly cheating a businessman of over Rs 60 crore. The complaint, filed by businessman Deepak Kothari, director of Lotus Capital Financial Services Ltd, claims the incident took place between 2015 and 2023. 'My clients have been informed by certain segment of electronic and print media that there is an alleged case registered against my clients at the Economic offence wing , Mumbai. At the outset , my clients deny all the allegations against my clients which are purely civil in nature and have been adjudicated by the NCLT Mumbai on 04/10/2024. This is an old transaction , wherein the company went in to financial distress and eventually got entangled in a long legal battle at the NCLT,' said Advocate Prashant Patil, who's representing the celebrity couple in the matter. Kothari alleged that the couple took the money under the pretext of expanding their business but used it for personal expenses instead. According to him, in 2015, Shetty and Kundra approached him through a mediator seeking a Rs 75 crore loan for their company, Best Deal TV Pvt Ltd, which promoted lifestyle products and ran an online shopping platform. The proposed interest rate was 12%. Later, they reportedly asked him to provide the funds as an 'investment' instead of a loan, assuring him of monthly returns and repayment of principal. Kothari claimed he transferred Rs 31.95 crore in April 2015 under a share subscription agreement, and another Rs 28.53 crore in September 2015 under a supplementary agreement. The total amount was credited to Best Deal TV's bank accounts. Repeated attempts to recover the funds allegedly failed, and Kothari accused the couple of 'dishonestly using' the money for personal benefit. The Economic Offences Wing (EOW) is currently conducting a detailed investigation into the financial transactions, agreements, and the alleged misappropriation of funds. 'There is no criminality involved, and our auditors have submitted all the necessary supporting documents from time to time, as requested by the EOW, including detailed cash flow statements. The investment agreement in question is purely in the nature of an equity investment,' argued Patil, adding, 'The company has already received a liquidation order, which has also been placed before the police department . The concerned Charter accounts have visited the police station for last one year for more than 15 times with all the evidence supporting the claims of my clients.' Also Read — War 2 movie review LIVE Updates: Hrithik Roshan's actioner is Thugs of Hindostan moment for YRF, says analyst; says it falls short of Pathaan, War and Ek Tha Tiger 'This is nothing but a baseless and malicious case aimed at maligning our clients, and appropriate action is being initiated from our side against the perpetrators,' concluded Patil. On the work front, Shetty will be next seen in Prem's Kannada action film KD: The Devil, slated to release in cinemas on September 4. Meanwhile, Kundra was last seen as a contestant on Prime Video India's reality show The Traitors earlier this year.
India.com
6 minutes ago
- India.com
Bihar hits jackpot, treasure found worth Rs..., India may get super rich as Centre plans to...
The central government has allocated the Majos and Bhanta magnetite blocks, situated in the Jamui district of Bihar, to the state government, reported Jagran. A combined e-auction will be held for both mineral blocks. Based on the recommendation of the Tender Approval Committee (TAC) and the proposal from Phase 2 for their joint auction, the state government has decided to move forward with the request. According to the Jagran report, the state government has established a reserve price of Rs 4,325.76 crore for the two mineral blocks. The central government had allocated three large mineral blocks to Bihar – the Majos Magnetite Block and the Bhanta Magnetite Block in Jamui district, and the limestone block of Bhora-Katora in Rohtas district, the report mentioned. Previously, the estimated reserve price was also reserved at Rs 3,817.60 crore for the Majos Magnetite Block, Rs 511.91 crore for the Bhanta Block, and Rs 1,761.42 crore for the limestone block of Bhora-Katora. The department stated that the auction of these blocks began with a successful auction for the Bhora-Katora block in Rohtas. However, when the initial bids for Majos and Bhanta were opened, there were fewer than three technically qualified bidders. Consequently, the tender process was cancelled altogether. When the auction process commenced again, it was decided to auction both Majos and Bhanta together since both are located in the same district and have the same type of mineral. The Tender Approval Committee made the decision to auction the two mineral blocks together. The government anticipates that these two blocks could produce 54.89 million tonnes of minerals, with a reserve price of ₹4,325.76 crore. Sources indicated that after new procedures are fully articulated in full, an auction of said two mineral blocks will be held in the near future.
Time of India
14 minutes ago
- Time of India
Tesla drives into Delhi: Inside details of Aerocity Experience Centre; test drives, ultra-fast chargers & more
NEW DELHI: Delhi's Aerocity is now home to Tesla's first Experience Centre in the capital and the city's first Tesla Supercharging Station — a bold move just 27 days after the EV giant officially launched in India. Located at Worldmark 3, the futuristic showroom is paired with a high-tech charging hub in the lower ground floor parking, signalling Tesla's intent to accelerate EV adoption in the country. After debuting in Mumbai's Bandra Kurla Complex last month, Tesla has doubled down with its second Indian Experience Centre, giving Delhiites a chance to test drive the redesigned Model Y — the world's best-selling electric vehicle in 2023 and 2024. You Can Also Check: Delhi AQI | Weather in Delhi | Bank Holidays in Delhi | Public Holidays in Delhi | Gold Rates Today in Delhi | Silver Rates Today in Delhi The Aerocity station features four V4 Superchargers (DC) capable of adding up to 267km of range in just 15 minutes, and three AC destination chargers for slower top-ups, setting the tone for Tesla's India-wide network expansion. What's inside Delhi's Tesla Experience Centre ? Test drives of the redesigned Model Y, in two trims: Rear-wheel drive (500km WLTP range, Rs 59.89 lakh) Long-range rear-wheel drive (622km WLTP range, Rs67.89 lakh) Charging hub with four ultra-fast V4 Superchargers and three AC chargers Vehicle configuration zone with touchscreen ordering and spec selection Futuristic interiors with interactive display screens showing EV tech & charging stats EV ownership support desk for home charging solutions and installation of complimentary wall connectors for new buyers Merchandise & accessories corner with Tesla-branded gear and car add-ons Customer lounge with coffee bar and digital infotainment displays showcasing Tesla's global innovations Tesla's upcoming plans Supercharging stations in Gurugram, Saket (South Delhi), and Noida within weeks New stations in Lower Parel, Navi Mumbai, Thane to add to Mumbai's BKC site Entry into Bengaluru market with charging and service infrastructure Tesla Approved Collision Centres and service centres in multiple cities Mobile service fleet for most repairs at customers' homes/offices Remote diagnostics and OTA updates to cut down on service visits Expansion of destination charging network in premium hotels and office complexes. (With agency inputs) Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. "Get the latest news updates on Times of India, including reviews of the movie Coolie and War 2 ."
