Latest news with #MRAjayan
Time of India
a day ago
- Politics
- Time of India
Exalogic case: CM Pinarayi Vijayan's replies vague, petitioner tells Kerala HC
Kochi: M R Ajayan, the petitioner seeking a CBI probe into the controversial CMRL-Exalogic case, has filed a counter-affidavit stating that chief minister Pinarayi Vijayan , a respondent in the petition, offered only vague denials and evasive responses to the allegations against him. Ajayan also sought a court-monitored investigation by the CBI into the allegations raised in the petition. He alleged that Exalogic received Rs 1.72 crore from Cochin Minerals and Rutile Ltd (CMRL) as illegal gratification. The petitioner further sought an investigation into the alleged political nexus involving the CM and the companies concerned. In his counter-affidavit, CM Vijayan described the petition as 'politically instigated litigation.' In response, Ajayan asserted that he has no political agenda and seeks no personal gain. The PIL, he said, is based on publicly available records and adjudicated facts, and is aimed at securing an independent investigation in the interest of justice, transparency and the constitutional right to know. Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
Time of India
3 days ago
- Business
- Time of India
Delisting of CMRL is BSE's call, SEBI tells Kerala HC
Kochi: The Securities and Exchange Board of India (SEBI) has submitted an affidavit in high court stating that the shares of Cochin Minerals and Rutile Ltd (CMRL) are listed on Bombay Stock Exchange (BSE), and that it is for the BSE to examine issues related to the company's delisting in light of the allegations raised. The counter-affidavit, filed by SEBI general manager Nirmal Mehrotra, was in response to the public interest litigation (PIL) filed by senior journalist M R Ajayan, seeking a CBI probe into the financial transactions between CMRL and Exalogic Solutions Pvt Ltd. One of the prayers in the PIL is for a direction to SEBI to delist the shares of CMRL and to review whether the draft offer document was scrutinised properly to ensure transparency, adequate disclosures, and investor protection under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. In its affidavit, SEBI pointed out that the petitioner has not impleaded BSE Ltd as a respondent in the case. As such, the relief sought against SEBI regarding the delisting of CMRL shares cannot be granted.
