Page 2 - Mack Star News Today

Rana Kapoor got bail in a case pertaining to irregularities worth Rs 900 crore in a loan given to Housing Development and Infrastructure Limited (HDIL).

The court expressed its displeasure at the agency for not knowing the status of a scheduled offence based on which it began its investigation.

The Wadhawans have been in jail since 2019. Both of them were arrested by the Mumbai Police in connection with the Rs 6,670 crore Punjab and Maharashtra Co-operative (PMC) bank scam.

The NCLAT found that more than 99 percent of the sanctioned amount – Rs 147.6 crore by Yes Bank in Mack Stars name – was returned to the bank on the same day or within a short period of time.

NCLAT said that Rs 147.6 crore loaned to the company for the renovation of a two-year-old building Kaledonia was routed back to the Yes Bank.

Get latest articles and stories on India at LatestLY. The Bombay High Court has granted bail to Madan Chaturvedi, chartered accountant of Vivo Group in connection with the Rs 4,300-crore PMC Bank alleged fraud case. He was arrested on January 23, 2021, and since then was in custody in the case. India News | PMC Bank Fraud Case: Bombay HC Grants Bail to Vivo Groups Auditor.

The Bombay High Court has granted bail to Madan Chaturvedi, chartered accountant of Vivo Group in connection with the Rs 4,300-crore PMC Bank alleged fraud case. He was arrested on January 23, 2021, and since then was in custody in the case.

The Bombay High Court was hearing the bail plea of Mehul Thakur, Director of Viva Group run by the family of Vasai MLA Hitendra Thakur, who is accused of diverting over Rs 196 crore from HDIL to the group.

The Delhi High Court issued notice to the Enforcement Directorate in a bail application filed by Yes Bank founder Rana Kapoor in a money laundering case.

FPJ Legal: Viva Group’s MD, CA seek medical bail (Photo by Bhushan Koyande) Viva Group’s Managing Director Mehul Thakur and its Chartered Accountant Madan Gopal Chaturvedi have moved a special Prevention of Money Laundering Act (PMLA) court seeking bail on medical grounds in a money laundering case concerning Yes Bank. Recently Thakur had sought bail on merits of the case. On 8 April, the special court had rejected his and Chaturvedi’s bail pleas that had been filed on the ground...