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Mallya loan default case: Banks claim of Rs 6,200 cr loss not imaginary, says court

Mallya loan default case: Banks claim of Rs 6,200 cr loss not imaginary, says court SECTIONS Mallya loan default case: Banks claim of Rs 6,200 cr loss not imaginary, says courtPTI Last Updated: Jun 02, 2021, 08:19 PM IST Share Synopsis The observations were made by the Prevention of Money Laundering Act (PMLA) court judge J C Jagdale in the recent orders that allowed restoration of Mallya s property, seized by Enforcement Directorate, to the consortium of banks. Agencies Taking note of the same, the court said, it is surprising that the legal team of Mallya is agitatingand demanding from the ED informationasto when he is coming to India.

Mallya case: Banks claim of Rs 6,200-cr loss not imaginary, says court

A special court in Mumbai has said the banks that had granted loans to fugitive liquor baron Vijay Mallya, have suffured losses, but it was impossible to conclude the exact quantifiable loss at this stage. The court, however, said that the banks claim of losses of over Rs 6,200 crore was not imaginary . The observations were made by the Prevention of Money Laundering Act (PMLA) court judge J C Jagdale in the recent orders that allowed restoration of Mallya s property, seized by Enforcement Directorate, to the consortium of banks. The judge passed within a week two such orders, which were made available on Wednesday.

Goa cries beef crisis before Christmas as Karnataka passes anti-cattle slaughter Bill

Goa cries beef crisis before Christmas as Karnataka passes anti-cattle slaughter Bill
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ECI sends transfer advisory to CSs and CEOs of 5 poll-bound states including West Bengal

ECI sends transfer advisory to CSs and CEOs of 5 poll-bound states including West Bengal Agencies December 19, 2020 New Delhi, Dec 19: The Election Commission of India (ECI) has sent an advisory to chief secretaries (CSs) and chief electoral officers (CEOs) of five poll-bound states on transfer/posting of officers connected with the conduct of elections. The states include Andhra Pradesh, Arunachal Pradesh, Odisha, West Bengal and Sikkim. The advisory dated December 18 reads, to ensure free and fair election, the Commission has been following a consistent policy to the effect that officers directly connected with conduct of elections in an election going State/UT are not posted in their home districts or places where they have served for a considerably long period.

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