Latest news with #Kathpalia
News18
04-08-2025
- News18
Delhi HC denies bail to man held for raping, killing minor cousin
New Delhi, Aug 4 (PTI) The Delhi High Court has refused to grant bail to a man, accused of raping and killing his eight-year-old cousin, saying a relationship of trust between cousins was exploited in a 'brutal" way. Justice Girish Kathpalia's August 1 judgment further noted public outcry and media coverage of the incident couldn't get the gravity of offence diminished. 'At the stage of bail, the court cannot minutely examine the evidence on record. The broad picture recorded above shows the gruesome manner in which an eight year old girl was raped and killed, that too by her own cousin," the order said. The court said the offence under Section 6 (aggravated penetrative sexual assault) POCSO Act was punishable with rigorous imprisonment for minimum term of 20 years which may extend to life imprisonment. The provision under Section 6 of the act not just fixes the minimum punishment as rigorous imprisonment for 20 years, the order said, but further stipulates that life term shall mean imprisonment for the remainder of natural life of the convict. Of course, the other offence being under Section 302 (murder) IPC is punishable with death as well, the court added. 'It is not just the grave consequences of the offences alleged against the accused. One also cannot ignore that a relationship of trust between the cousins was exploited by the accused and in a such brutal manner," Justice Kathpalia said. The man was booked in April 2016 on the statement of the minor girl's father, who said she had gone missing while playing outside her house after what seemed like a kidnapping. During the investigation, the police learnt the girl was last seen with her cousin and the next day, a girl child's body was recovered behind a cremation ground in Uttam Nagar area. The body was identified to be of the victim and the accused was arrested subsequently. The man sought bail arguing he was framed owing to public pressure and media trial. Saying he had been in jail for over nine years, the accused said he couldn't be confined indefinitely. The prosecutor opposed the plea saying despite the COVID lockdown and other factors, four of the 20 prosecution witnesses were examined with all of them supporting the police's case. He also referred to the DNA profiling, which reflected DNA of the accused on the body and clothes of the girl. The high court said prolonged incarceration was certainly a ground to release the accused on bail, but not the solitary ground. 'The court has to keep in mind various judicially sanctified parameters, including the nature and gravity of the alleged crime and the material on record to support the same," it said. PTI SKV SKV AMK AMK view comments First Published: August 04, 2025, 18:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
31-07-2025
- Time of India
"Blood money not recognised in our legal system," says Delhi HC refusing to quash FIR in 5 year child's death in road accident
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Delhi High Court has refused to quash an FIR in a case of the death of a 5-year-old child who got crushed under a car, in lieu of a compensation of Rs. One lakh to his legal representatives. The High Court said it would be tantamount to sanctifying the blood money , which is not recognised in our legal that the accused arrived at a settlement with the legal representatives of the deceased, Justice Girish Kathpalia rejected the petition seeking quashing of FIR against the accused, saying the deceased child cannot be compensated in any manner and legal representatives have no rights to barter his case pertains to the death of a child in a road accident who was crushed under a car. The driver was allegedly driving in a drunken FIR was lodged in 2023 in Pahar Ganj police against the petitioner, Vipin Gupta, for rash and negligent driving, causing a collision with an e-rickshaw, resulting in the injury and death of a 5-year-old to quash the FIR, Justice Kathpalia said, "In my considered view, quashing the FIR after approving such a settlement would be tantamount to sanctifying blood money, which is notrecognised by our legal system. No civilised society would approve of blood money."" It is the deceased child who suffered injuries and pain, followed by loss of life. That deceased child cannot be compensated in any manner," Justice Kathpalia said in the oral judgement of July Kathpalia held, "The legal representatives left behind by the deceased child have no moral or legal authority to barter away his life for money to be paid to them."The High Court was told that the parties have arrived at a settlement in lieu of compensation for the child's court noted that according to the settlement arrived at between the petitioner and legalrepresentatives of the deceased child, a sum of Rs. 1,00,000 has been agreed upon by the parties as compensation to be paid by the petitioner to the legal Public Prosecutor (APP) Manjeet Arya appeared for the State and opposed the case of prosecution is that the petitioner, while driving his car in a rash and negligent manner, hit the e-rickshaw, due to which the e-rickshaw overturned and a five-year-old child got crushed under the same; and on being taken to the RML Hospital, the child was declared the hearing, the counsel for the petitioner tried to shift the blame and submitted that it was the e-rickshaw driver, who was drunk and caused the was also submitted that there were six passengers in the e-rickshaw, though the permissible passenger load is only four. The petitioner was not driving his car in a rash and negligent submission was opposed by the investigation officer, who was present in the court, by submitting that there is no such material on record. It was specifically submitted by the Investigating Officer that the driver of the e-rickshaw was not found under the influence of liquor."Rather, from the investigation file, it appears that after the accident, the petitioner was apprehended on the spot along with the offending car and was handed over to the court said that as far as the contention that the petitioner was not driving the car in a rash and negligent manner, I have examined the material on the investigation file, including the photographs."However, this would be a matter of trial, so it would not be appropriate for me to record my observations and opinion on this aspect," Justice Kathpalia said in the judgement.
News18
31-07-2025
- Business
- News18
Ex-IndusInd Bank CEO Sumant Kathpalia Offers Rs 5.2 Cr To Settle Insider Trading Case With SEBI
Last Updated: Former IndusInd Bank CEO Sumant Kathpalia has proposed a Rs 5.21 crore settlement to the SEBI to resolve an insider trading case Former IndusInd Bank CEO Sumant Kathpalia has proposed a Rs 5.21 crore settlement to the Securities and Exchange Board of India (SEBI) to resolve an insider trading case, according to a report by The Economic Times. SEBI's settlement mechanism allows individuals accused of regulatory violations to resolve matters without admitting or denying wrongdoing, by paying a settlement amount. In May, SEBI had barred Kathpalia and four other senior IndusInd Bank officials from accessing the securities markets over alleged insider trading. The regulator also impounded Rs 19.78 crore from the five individuals, as per its interim order. The others named in the order include Arun Khurana (Executive Director and Deputy CEO at the time), Sushant Sourav (Head of Treasury Operations), Rohan Jathanna (Head of GMG Operations), and Anil Marco Rao (CAO – Consumer Banking Operations). The case is linked to a directive issued by the Reserve Bank of India (RBI) that had material implications for the bank's operations. SEBI's probe found that the executives used confidential information derived from internal assessments of the RBI circular to execute trades before it became public. 'All the Noticees… are hereby restrained from buying, selling or dealing in securities, either directly or indirectly, in any manner whatsoever, until further orders," SEBI said in its interim ruling. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
26-07-2025
- Business
- Time of India
RBI extends IndusInd Bank oversight committee tenure till August 28
The Reserve Bank of India has extended the tenure of the oversight committee managing IndusInd Bank by another month, giving the lender more time to find a successor to outgoing Managing Director and CEO Sumant Kathpalia. The extension takes the panel's term through to August 28, 2025, or until a new MD and CEO is appointed—whichever comes earlier. The committee was initially set up after Kathpalia resigned on April 29, taking 'moral responsibility' for accounting lapses in the bank's derivatives portfolio. The financial impact of those lapses was pegged at Rs 1,960 crore. Explore courses from Top Institutes in Please select course: Select a Course Category Finance MBA MCA Technology Digital Marketing Management Healthcare Product Management Data Science Operations Management Public Policy Cybersecurity Others Degree Project Management CXO Design Thinking Artificial Intelligence others Data Analytics Data Science Leadership healthcare PGDM Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Fintech & Blockchain India Starts on undefined Get Details Skills you'll gain: Duration: 9 Months IIM Calcutta SEPO - IIMC CFO India Starts on undefined Get Details "We now wish to inform that the RBI vide its letter dated July 25, 2025, has granted its approval for extension of tenure of the Committee of Executives for a further period of one month, with effect from July 29, 2025 upto August 28, 2025 or until the new MD&CEO is appointed and assumes charge, whichever is earlier," IndusInd Bank said in a regulatory filing on Friday. The committee, formed with RBI's approval, comprises Soumitra Sen (Head – Consumer Banking) and Anil Rao (Chief Administrative Officer). It was originally tasked with overseeing bank operations for three months from April 29 or until a new CEO took charge. In its March disclosure, the private lender had estimated that the accounting issues in its derivatives book could dent its net worth by 2.35% as of December 2024. Live Events Separately, IndusInd Bank also disclosed on Friday that Chief Human Resources Officer Zubin Mody has resigned to explore new opportunities outside the organisation.
News18
26-07-2025
- Business
- News18
RBI extends tenure of oversight panel of IndusInd Bank by one month till Aug 28
New Delhi, Jul 26 (PTI) The RBI has extended the tenure of the oversight committee of IndusInd Bank by one month till August 28 as the lender looks to find new MD and CEO following resignation of incumbent Sumant Kathpalia. The panel was formed after Kathpalia resigned on April 29 taking moral responsibility of accounting lapses in the derivatives portfolio, having financial implication of Rs 1,960 crore to the bank. The tenure of the committee was till July 28, 2025. 'We now wish to inform that the RBI vide its letter dated July 25, 2025, has granted its approval for extension of tenure of the Committee of Executives for a further period of one month, with effect from July 29, 2025 upto August 28, 2025 or until the new MD&CEO is appointed and assumes charge, whichever is earlier," IndusInd Bank said in a regulatory filing on Friday. The bank with approval from the RBI had constituted the committee comprising Soumitra Sen (Head – Consumer Banking) and Anil Rao (Chief Administrative Officer) as its members, to oversee the operations of the bank till new MD & CEO assumes charge or for a period of three months from April 29, 2025. In March, the private sector lender reported that the accounting lapses in the derivative portfolio was estimated to have an adverse impact of 2.35 per cent of the bank's net worth as of December 2024. view comments First Published: July 26, 2025, 15:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
