Latest news with #XX
Hindustan Times
02-06-2025
- Hindustan Times
MF Husain's 25 rare paintings worth ₹25 crore set for auction in Mumbai after HC Bombay ruling
Twenty-five rare paintings by renowned Indian artist MF Husain will reportedly be auctioned on June 12 following permission from the Bombay high court. The artworks are part of MF Husain's 'Our Planet Called Earth' series and are titled under the auction theme 'MF Husain: An Artist's Vision of the XX Century.' according to news agency PTI. The auction will be held at Hamilton House in south Mumbai. These paintings were secured by the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) as part of a case involving an unpaid loan of ₹236 crore by industrialist Guru Swarup Srivastava's Swarup Group of Industries. In 2007, Srivastava had gained attention when he commissioned 100 paintings from Husain, agreeing to pay ₹1 crore for each. The Bombay High Court, in an order dated February 17, allowed the Sheriff of Mumbai to carry out the auction. The Sheriff issued the auction notice in February through Pundole art gallery. Last year, art expert Dadiba Pundole submitted a valuation report to the court, estimating the paintings to be worth ₹25 crore. After the auction, the Sheriff must report back to the High Court by July 3 and await further instructions on what to do with the proceeds. The Central Bureau of Investigation (CBI) began looking into the Swarup Group in 2006 for alleged misuse of ₹150 crore from the total ₹236 crore loan taken from NAFED. A tribunal in 2008 had allowed NAFED to secure assets worth ₹100 crore, including the Husain artworks. (With PTI inputs)
Time of India
02-06-2025
- Business
- Time of India
25 rare M F Husain paintings to go under hammer after Bombay High Court nod
Twenty five rare paintings of late Indian modernist painter M F Husain, secured by NAFED as part of the proceeds of an alleged loan default case, will be auctioned on June 12 pursuant to a nod from the Bombay High Court . The auction titled, 'M F Husain: An Artist's Vision of the XX Century', includes 25 canvases painted as part of Husain's OPCE - Our Planet Called Earth - series. In its February 17 order, a single bench of Justice R I Chagla permitted the Sheriff of Mumbai to auction the 25 paintings, secured by the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) in connection with the Rs 236 crore loan dispute with industrialist Guru Swarup Srivastava's Swarup Group of Industries. Srivastava came into limelight in 2007 when he commissioned 100 paintings of M F Husain at Rs 1 crore each. In May last year, art specialist Dadiba Pundole submitted to the HC the valuation report of the paintings, as per which they were valued at Rs 25 crore. Live Events Pursuant to the HC order, the Sheriff of Mumbai in February issued an auction notice for the paintings through Pundole art gallery. The auction is scheduled on June 12 at the Hamilton House in south Mumbai. After the auction is complete, the Sheriff of Mumbai has been directed to file a report to the high court by July 3 and obtain final directions for handover of the works. In 2006, the CBI initiated a probe into the Swarup Group and against Srivastava for alleged misappropriation of Rs 150 crore from the Rs 236 crore loans from NAFED. A tribunal in December 2008 permitted NAFED to secure assets of Rs 100 crore, including the Husain paintings.
BBC News
16-04-2025
- Sport
- BBC News
Time to start planning
Are we still in the same season as the trudge up to Christmas?Sunday at Molineux was good old-fashioned family fun. Wolves led all the way. The South Bank worked through its favourite tunes. Jorgen Strand Larsen scored another goal, then stood aside for Matheus Cunha to make his comeback, directing the crowd to applaud Cunha as he entered the field like Jimmy Tarbuck introducing Bruce Forsyth at the Royal Variety Performance. Cunha's goal cued in the show's closing big number, the South Bank's new smash-hit "First the points, then the pints", with Vitor Pereira himself leading the rhythmic clapping. Now that's entertainment. If only the season could go on a bit longer, eh?Last weekend's results set up the amusing prospect of Wolves overtaking both Tottenham – who generously played their fall-guy parts with some slapstick defending – and Manchester United, where Pereira's travelling show pitches up this Sunday. That would be a concrete achievement from where he took them over in December, and a better look than merely celebrating would also be a realistic goal to help maintain their momentum in the closing weeks of the season, and Pereira will want his team to have a hare to chase. In a sense, next season should start now: with survival all but mathematically assured, there is no reason for Wolves to delay their planning towards the squad they would like to have in place next Lakin made a good observation on this page this week, comparing Pereira to Claudio Ranieri. Emulating his achievements at Leicester might be a stretch, but after the travails of this season, Wolves are better equipped now to move forward than they were just over a year ago – only one year! – after Gary O'Neil had led them unexpectedly into the top half of the the FA Cup quarter-final – when injuries had exposed the lack of depth in his squad – the energy quickly drained from O'Neil's team and, so it seemed, the manager himself. Yes, the fixtures at the start of this season made things a lot harder, but once the momentum was lost, the situation quickly ran out of made some decisions under pressure in midwinter that worked out well. That pressure is off now, but the experience of last spring should impress upon the club the need to make positive moves this summer, to ensure the energy Pereira's team have generated is not wasted. Football does not stand still to admire progress. Clubs that stop moving forwards quickly to full commentary of XX v XX at [time] on [day] on BBC Radio WM [frequency/ies]Tune into The West Midlands Football Phone-In from 18:00 on weeknights
