Heranba is a crop protection company based in Vapi, Gujarat. It started operations in 1996 as a producer of cypermethric acid chloride (CMAC), an agrochemical intermediate.
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The Bombay High Court Monday granted six months medical bail to 82-year-old Dr. PV Varavara Rao, an accused in the Bhima Koregaon case. Dr. Rao is facing charges under the ‘Unlawful Activities (Prevention) Act’ (UAPA).
A division bench of Justice SS Shinde and Manish Pitale said it would have abdicated its duty in protecting his fundamental rights if it had denied bail to the ailing Telugu poet.
The bench, however, imposed stringent conditions for him to follow while on bail. They are: Dr. Rao will not leave the jurisdiction of the Special NIA Court; will attend the NIA court whenever summoned; will deposit his passport; will not speak to the media about his case; will not tamper with evidence or influence witnesses.
Fraudulent transactions of Rs6,182 crore in DHFL unearthed
IANS
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Transaction auditor Grant Thornton, in a report shared with the Administrator of DHFL, has found certain transactions which are undervalued, fraudulent and preferential in nature, putting the newly-discovered fraud at Rs 6,182 crore.
The Administrator of Dewan Housing Finance Company Ltd, appointed under the Insolvency and Bankruptcy Code, 2016 to carry out the duties under it, obtained assistance from reputed professional agency, Grant Thornton to conduct investigation of the affairs of the company in respect of transactions qualified under sections 43 to 51, and sections 65 and 66 of the Code.
Accordingly, the Administrator of the Company received an initial report from the professional agency appointed as the transaction auditor, indicating that there are certain transactions which are undervalued, fraudulent and preferential in nature, falling under the aforesaid sections of the Code, as per a filin
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The pandemic continues to shake up the world, with several countries remaining in lock-down. Even in India, where there is a dramatic fall of the COVID-19 cases tending to zero deaths, we see its ugly head rising in quite a few parts Kerala, Karnataka, and Maharashtra and thousands of dogs died due to the virus hitting them in West Bengal. No one knows the end of it. The vaccines are moving fast and over 10 million of people received the first dose and half of them, the second dose too. The risks of the pandemic have spread to all sectors and the financial sector is the worst affected. It could have been minimised in the financial sector, had there been a risk culture in the system.