Latest news with #SanjeevKhanna
Business Wire
5 days ago
- Business
- Business Wire
Rithm Capital Closes $482.6 Million Non-QM Loan Securitization
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM, 'Rithm Capital' or the 'Company'), a global, multi-dimensional asset manager with deep experience investing in real estate and credit, today announced the close of NRMLT 2025-NQM4, a $482.6 million securitization backed by a pool of non-qualified residential mortgage ('Non-QM') loans. The loans are serviced by Rithm's subsidiary, Newrez LLC, one of the largest mortgage servicers in the US. NRMLT 2025-NQM4 is collateralized by a pool of 931 fully amortizing and interest-only, fixed-rate residential mortgage loans secured by first liens on primarily one-to-four family residential properties. The loans have a weighted averaged credit score of 752 and a loan-to-value ratio of 70.08. The debt tranches issued in the securitization were rated by S&P and KBRA with tranches rated AAA through BB+. Nomura structured the deal and served as joint bookrunner, alongside Barclays, BMO, Deutsche Bank, Goldman Sachs, Morgan Stanley, and Wells Fargo. 'We are pleased to continue to enhance the scale and sophistication of our residential mortgage origination and servicing platform,' said Sanjeev Khanna, Managing Director at Rithm Capital. 'This transaction underscores the depth and breadth of our capabilities and access to scalable, high-quality Non-QM assets. We remain focused on leveraging our sourcing channels to deliver compelling opportunities for our investors across various market conditions.' Rithm is a leading Non-QM issuer, with approximately $8.2 billion unpaid principal balance issued across 24 deals. NRMLT 2025-NQM4 marks Rithm's fourth Non-QM transaction in 2025. About Rithm Capital Rithm Capital Corp. is a global, multi-dimensional asset manager with significant experience managing credit and real estate assets. The firm combines deep institutional expertise with an entrepreneurial culture that drives innovation and disciplined growth across multiple market segments. Rithm's integrated investment platform spans across asset based finance, direct lending in residential and commercial real estate, mortgage servicing rights (MSRs) and structured credit. Through subsidiaries such as Newrez, Genesis Capital, and Sculptor Capital Management, Rithm has established a unique owner-operator model, capable of sourcing, financing, and actively managing debt and equity investments, to drive value for shareholders and fund investors.
India Today
18-07-2025
- Politics
- India Today
India welcomes US's move to label Pahalgam attack group as terror outfit
5:45 In a significant development, Justice Yashwant Verma has approached the Supreme Court with a writ petition challenging the findings of a three-judge in-house inquiry panel against him in the 'Cash Hall case'. The petition seeks to quash the panel's report, which found strong inferential evidence, and also challenges the subsequent recommendation for his impeachment made by then Chief Justice of India, Sanjeev Khanna. Justice Verma contends that the inquiry violated the principles of natural justice, alleging he was denied a fair hearing and the opportunity to cross-examine witnesses. He states, "Inquiring committee erroneously shifted the burden of proof on him, requiring him to disprove a fact that the committee presumed fantasy to be true." The move is strategically timed ahead of the Parliament's monsoon session, where an impeachment motion was anticipated.
India Today
18-07-2025
- Politics
- India Today
Justice Yashwant Varma moves to Supreme Court challenging enquiry committee findings
In a significant development, Justice Yashwant Verma has approached the Supreme Court with a writ petition challenging the findings of a three-judge in-house inquiry panel against him in the 'Cash Hall case'. The petition seeks to quash the panel's report, which found strong inferential evidence, and also challenges the subsequent recommendation for his impeachment made by then Chief Justice of India, Sanjeev Khanna. Justice Verma contends that the inquiry violated the principles of natural justice, alleging he was denied a fair hearing and the opportunity to cross-examine witnesses. He states, "Inquiring committee erroneously shifted the burden of proof on him, requiring him to disprove a fact that the committee presumed fantasy to be true." The move is strategically timed ahead of the Parliament's monsoon session, where an impeachment motion was anticipated.
Indian Express
04-07-2025
- Politics
- Indian Express
Will ensure complete transparency in appointment of judges: CJI Gavai
Chief Justice of India (CJI) Bhushan R Gavai on Friday said that the Supreme Court Collegium under him will ensure 'complete transparency' in appointment of judges. Justice Gavai said that pendency of cases was a 'huge' issue, which the SC is trying to resolve and unfilled vacancies of judges were one of the reasons. The CJI said he will follow up on names recommended by the SC collegium. CJI Gavai was addressing the felicitation by Bombay Bar Association (BBA), in Mumbai held at Central Courtroom (Number 46) on the second floor of the Bombay High Court building. Justice Gavai said that he will make efforts to ensure that the Bombay High Court begins functioning with a full strength to reduce the pendency of cases. With two additional judges taking oath on Friday, the Bombay HC will now function with 65 judges — 49 permanent judges, and 16 additional judges. However, the sanctioned strength of the court, which is the second largest in the country after the Allahabad High Court, is 94. 'From the period of Justice Sanjeev Khanna (as CJI), we have tried to infuse more transparency in the matter of appointments of judges. In the last three days, we held interviews with nearly 54 candidates and recommended around 36 appointments… All of us know that the pendency is a huge issue. We are trying to work on it. One of the reasons for the pendency is the vacancies which are not filled up,' CJI Gavai said. He referred to Justice Dipankar Datta of the SC who had, last week, flagged the issue over interference in the functioning of the Collegium. Justice Datta had said that the external forces which prevent the enforcement of Collegium's recommendations should be dealt with in stern manner. 'I must assure you that we will ensure that we will adopt a complete process of transparency. While ensuring that the representation is given to all sections of the society, the merit will never be compromised. And insofar as my own High Court (Bombay HC) is concerned, I can assure that whatever name are recommended, we will try to follow up on that as soon as possible till the Bombay High Court starts functioning at a full strength, so that at least the issue of pendency is addressed to some extent,' Justice Gavai said. CJI Gavai also reiterated that the Supreme Court is not a CJI-centric court and he along with earlier CJIs, including Justices Sanjiv Khanna and Uday U Lalit had tried to 'dispel' the said impression. 'After I became Chief Justice or rather before that when Justice Sanjeev Khanna had taken over and even during the period of Justice Uday Lalit (as CJI), as I have said on earlier occasions, that the Supreme Court of India is a court of all the judges. The Chief Justice is only first amongst the we have tried to dispel the impression that the Supreme Court of India is a CJI-centric court. Immediately on my assuming office on May 14, the very next day, we had a full court meeting wherein all the judges participated and we made many decisions in the interest of the institution.' CJI Gavai also revealed that when his name was recommended in 2019 for elevation to the Supreme Court, one of the judges on the Collegium was not in favour of the same as he was told that it would lead to 'unrest' in the original side bar of the HC. However, senior Mumbai lawyers told the judge of being under 'wrong impression'. Justice Gavai said his elevation as SC judge and later CJI wouldn't have been possible without the support of the BBA. He went on to say that after taking over as CJI, he refused to speak to the media about his 'roadmap'. 'Because I personally believe that rather than speaking now, after six months (post retirement), if I am in a position to achieve something, it is better to speak thereafter. Rather than giving lots of promises in the beginning and disappointing at the time one leaves the office.'
Time of India
14-05-2025
- Time of India
Four sentenced to life for jeweller's murder in Yamunanagar
YAMUNANAGAR: A court in Yamunanagar has sentenced four men to life imprisonment for the 2018 abduction and murder of jeweller Sanjeev Khanna. The murder was motivated by greed, with the accused targeting 13 kilograms of gold and Rs 30 lakh in cash. Tired of too many ads? go ad free now The case, officially titled State vs Yogesh Suri, concluded nearly seven years after the crime, following prolonged legal proceedings. Additional sessions judge Danish Gupta pronounced the verdict, convicting all four accused of murder, criminal conspiracy, kidnapping, and destruction of evidence. The crime On June 28, 2018, Sanjeev Khanna was lured by the accused—led by goldsmith Yogesh Kumar—under the guise of repaying a debt involving 13 kilograms of gold and Rs 30 lakh in cash. While en route in a car, the accused killed Khanna and dumped his body in an agricultural field near Rajpura village in Shahzadpur, Ambala. The accused initially tried to mislead investigators by parking Khanna's car at a hospital and falsely claiming that they had returned the gold and money to him. In a further act of deception, they even joined the victim's family in the search for him. However, growing suspicions led Khanna's relatives to alert the police, ultimately leading to the suspects' arrest. During interrogation, all four confessed to the crime. The verdict Judge Danish Gupta described the murder as a "planned and brutal conspiracy." All four accused were sentenced to life imprisonment for murder (Section 302) along with a fine of Rs 25,000 each, with failure to pay resulting in an additional year of imprisonment. They were also sentenced to 7 years of rigorous imprisonment under Section 120-B (criminal conspiracy), with a Rs 15,000 fine and an additional 6-month jail term for non-payment. Under Section 201 (destruction of evidence), they received 3 years of rigorous imprisonment and a Rs 5,000 fine, with failure to pay leading to an additional 2 months in jail. All sentences will run concurrently. This verdict brings closure to a chilling case that shocked Yamunanagar's business community, reinforcing the judiciary's firm stance against crimes driven by greed and personal gain.
