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Indore: ​Residents of Sampat Hills decide to pay for their own Narmada water pipeline

The colony residents have decided to take matter in their own hands. We held a meeting on Sunday and decided to collect Rs 30 lakhs needed for laying the Narmada pipeline. We are going to talk to the authorities for further action, Garg said.

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Bicholi Mardana , Chandrakala Malviya , Punit Garg , Madhya Pradesh , Sampat Hills Colony ,

SBI to keep status quo on Reliance Communications loans


SBI to keep status quo on Reliance Communications loans
The bank, meanwhile, said its audit division has found evidence of diversion of funds and such other irregularities. 
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By Express News Service
NEW DELHI:  The Delhi High Court on Wednesday directed the State Bank of India (SBI) and banking regulator Reserve Bank of India (RBI) to maintain status quo with regard to accounts of Anil Ambani-owned Reliance Communications (Rcom), Reliance Telecom, and Reliance Infratel which have been classified as “fraud” accounts by the state-run lender.
The court passed the order while hearing a petition by Reliance Communications’ erstwhile director Punit Garg, who challenged the central bank’s 2016 circular regarding the declaration of the accounts as fraud. Garg argued that the circular violates the principles of natural justice without granting the parties any opportunity to be heard. The bank, meanwhile, said its audit di ....

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Accounts of Anil Ambani's Firms Declared Fraud: SBI To Delhi High Court


Accounts of Anil Ambani s Reliance Companies Declared Fraud: SBI To Delhi High Court
Accounts of Anil Ambani s Reliance Companies Declared Fraud: SBI To Delhi High Court
Under Reserve Bank rules, an account can turn into a Non Performing Asset for default of payment for a period. Once an account is declared as fraud , the matter has to be reported to the Reserve Bank and request made for a CBI inquiry if the amount involved in the fraud is above Rs 1 crore
New Delhi:
The bank accounts of Reliance Communication, Reliance Telecom and Reliance Infratel all owned by Anil Ambani have been classified as fraud the State Bank of India has told the Delhi High Court, opening up possibilities of a probe by the Central Bureau of Investigation. The court has asked the bank to maintain status quo on the accounts. ....

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