Diabytes
Videocon News
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On August 26, 2009, a Sanctioning Committee headed by Chanda Kochhar, MD sanctioned a Rupee Term Loan of Rs 300 crore to Videocon International Electronics Limited (VIEL) in contravention of rules and policies of the bank in criminal conspiracies with the co-accused persons dishonestly by abusing her official position as a public servant.
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A bench, headed by Justice Sanjiv Khanna, agreed to examine the CBI’s special leave petition against the Bombay High Court order confirming its earlier order granting interim bail to the Kochhar couple.
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The court also refused to accept the probe agency's contention that the arrest was made as the Kochhars were not cooperating with the probe and said the accused had a right to remain silent during interrogation.
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Chanda Kochhar was MD and CEO of ICICI Bank between May 2009 and January 2019 in which capacity she was entrusted with the Bank's funds, the CBI told court.
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Chanda Kochhar and her husband Deepak Kochhar were arrested by the central probe agency in December last year in connection with the case.
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Dhoot resigned from the directorship of SEPL on January 15, 2009, by transferring his shares to Pinnacle Energy Trust managed by Deepak Kochhar.
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The Kochhars were granted interim bail in the case on Monday. The Bombay High Court, while allowing interim relief to the former ICICI Bank CEO and MD and her husband, observed that it is incumbent upon the police not only to record reasons for arrest in writing but, even in cases, where the police choose not to arrest.
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The Kochhars were granted interim bail in the case on Monday. The Bombay High Court, while allowing interim relief to the former ICICI Bank CEO and MD and her husband, observed that it is incumbent upon the police not only to record reasons for arrest in writing but, even in cases, where the police choose not to arrest.
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A division bench of Justice Revati Mohite-Dere and Justice Prithviraj K. Chavan ruled that their arrest flouted the CrPC Section 41A which mandates sending a notice for appearance before the concerned police official.
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NCLT directed CBDT to disclose information about all assets of the Videocon promoters in their knowledge or possession.
The NCLT order, late on August 31, directed the Indian Banks Association (IBA) to facilitate disclosure of the details of the bank accounts.
NCLT also gave its permission to MCA to write to the state governments and the Union Territories to identify and disclose all details of immovable properties.
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Special Judge A.A. Nandgaonkar granted conditional bail on a Rs 5 lakh bond to Venugopal Dhoot
Dhoot also claimed that neither he nor his family has benefitted through the alleged crimes they are charged with
On January 30, the special court had issued summons to Dhoot
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Videocon did not inform the consortium that it was continuing to avail loan from the SCB and the lenders also did not ask for NOC from SCB about the closure.
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The Enforcement Directorate (ED) here on Saturday questioned former ICICI Bank CEO Chanda Kochhar, her husband Deepak Kochhar and Videocon Group promoter Venugopal Dhoot in connection with an ongoing probe into the alleged irregularities and corrupt practices in sanctioning a Rs 1,875 crore loan by the bank to Videocon Group.
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Chanda Kochhar and her family members are facing allegations of quid pro quo and conflict of interest with respect to a loan extended to the Videocon group.
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Reported by Rajeev Ranjan Singh
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The company says the display of the phone comes with a technology called "MiraVision" which works on an advance algorithm model and enhances visual quality of display by altering various picture attributes.
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Bali said the market is expected to grow two-fold within the next few years.
Videocon Industries on Friday reported a standalone net loss of Rs 547.73 crore for the fourth quarter ended March 31.
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Domestic mobile manufacturer Videocon on Monday launched its latest smartphone Delite 11+ that comes equipped with Pro 360 OS-based on Android Marshmallow for Rs 5,800.
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Inter-ministerial panel Telecom Commission on Monday sought clarity from Trai on Rs 3,050-crore penalty that the watchdog recommended on three operators, including Airtel and Vodafone, for allegedly violating interconnect norms and its power to impose fine in such cases.
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