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Time of India
31-05-2025
- Business
- Time of India
Anchor Group's Hemang Shah released by Bombay HC in case stemming from family dispute
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Bombay High Court on late Friday night, directed the release of Hemang Jadavji Shah, Anchor Group director, observing that the arrest by the Economic Offences Wing (EOW) of the Mumbai police earlier this month was 'illegal'.The division bench of Justice Gauri Godse and Justice Somasekhar Sundaresan, while declaring the arrest illegal and unnecessary, ordered his immediate release.'We did not find any such tearing hurry to initiate action to take the petitioner into custody with such zeal and enthusiasm,' the court observed in its 27-page detailed order. '...there is a violation of the petitioner's right guaranteed under Article 21 of the Constitution of India ,' observed the genesis of the dispute lies in the complaint filed by Shah's brother, Mehul and their father at the Economic Offence Wing (EoW) at Malabar Hill Police Station, regarding certain alleged financial misappropriation and criminal breach of trust The complaint filed at the EoW alleged financial transactions were undertaken between 2020 and 2025 under the garb of investments in mutual funds to seek higher Advocate Ravi Prakash, along with Munaf Virjee, Managing Partner of AMR Law, appeared for Hemang Shah and argued before the court that the arrest of the petitioner was illegal in the facts and circumstances of this present case and violates the fundamental rights of the petitioner under Article 22 (2) of the Constitution of Shah family-owned Anchor Group launched GreatWhite switches to challenge a brand it created four decades ago and sold to Panasonic (then Matsushita Electric Works) for Rs 2,000 crore in in 1963 by Shah brothers Damjibhai and Jadavjibhai, is now managed by their sons. Late Damjibhai's sons, Atul and Sanjay, handle Anchor Health & Beauty Care and Jadavjibhai's sons, Mehul and Hemang, oversee businesses such as real estate, paints and writing instruments.
India Today
29-05-2025
- Politics
- India Today
Batla House residents move Supreme Court against eviction, demolition notices
The Supreme Court on Friday agreed to list next week a petition filed by residents and property owners of Khasra Nos. 271 and 279 in Batla House, who have received eviction and demolition notices from matter was mentioned for urgent listing before a bench led by Chief Justice BR Gavai, which questioned why the petitioners had not first approached the High bench expressed its disinclination to entertain the plea, noting that it cannot sit in appeal over directions issued by another bench of the Supreme Court. However, the petitioners' counsel urged the Court to list the matter, stating that appropriate directions could be issued accordingly. The counsel also submitted that the required 15-day prior notice was not served and no opportunity of hearing was granted to the affected applicants, representing a group of affected residents, have argued that their properties, although now being targeted for demolition for allegedly falling outside the PM-UDAY scheme coverage, are backed by valid title documents, proof of continuous possession since before 2014 and eligibility under the Recognition of Property Rights Act, contend that any blanket demolition carried out without affording residents a meaningful hearing would violate the principles of natural justice and infringe upon fundamental rights under Articles 14, 19(1)(e) and 21 of the Constitution of petition highlights that the applicant group includes a diverse mix of individuals, such as retired police officers, serving government employees, women, children and senior citizens, who would be severely impacted by the Watch
