News UpdatesAfter Union Bank, IOB, Delhi HC Directs SBI, RBI To Maintain Status Quo On Classification Of Anil Ambani’s RComm, Reliance Telecom Accounts Shreya Agarwal6 Jan 2021 3:00 AMShare This – xAbout a week after Union Bank of India and Indian Overseas Bank, State Bank of India and the Reserve Bank of India have been directed by the Delhi High Court to maintain status quo on the classification of Anil Ambani’s Reliance Communication Ltd’s and Reliance Telecom Ltd’s accounts as ‘fraudulent’ until Jan 13, 2021.Issuing notice on a plea towards the same by Punit Garg, non-executive…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginAbout a week after Union Bank of India and Indian Overseas Bank, State Bank of India and the Reserve Bank of India have been directed by the Delhi High Court to maintain status quo on the classification of Anil Ambani’s Reliance Communication Ltd’s and Reliance Telecom Ltd’s accounts as ‘fraudulent’ until Jan 13, 2021.Issuing notice on a plea towards the same by Punit Garg, non-executive director of Reliance Communication, the Delhi High Court passed an order similar in nature to the one passed earlier on 28.12.2020.The court has however said that the Banks would be free to investigate, issue show cause notice, and file any complaints against the companies independent of the current order of the court.The petition has been described by the court earlier as being similar in nature to petitions which have been filed before the court challenging the vires of RBI’s Master Circular 1.07.2016, updated as on 3.07.2017. The circular lays down guidelines and directions for the declaration of accounts as fraudulent. It has been challenged for alleged violation of principles of natural justice as it allows banks to unilaterally declare accounts as fraudulent without affording the parties any notice or prior communication in this regard.The counsels reiterated this today, and said that relief had been granted to the petitioners challenging the vires of the circular earlier.The banks have been directed to file their replies by Jan 11, and the matter has been listed for further hearing on Jan 13.Next Story
“The president of the Republic is very well disposed toward helping the armed forces so that we can move forward,” the high-ranking military officer emphasized. Honduran president Porfirio Lobo and the high command of the armed forces agreed to strengthen the fight against drug trafficking in light of the increase in this criminal activity, official sources announced. “We have received the administration’s support for our already-existing programs because we are worried about problems like drug trafficking,” the inspector-general of the Air Force, Ruiz Pastor Landa, told the press upon leaving a meeting held at the President’s House. By Dialogo February 18, 2010 I wish the guerilla fighters would understand that the Colombian people do not want them, and that they would stop making such a mess. If they want to seize power they should do it electorally. In reality they are a bunch of cowards that attack defenseless settlements. I congratulate the President of Colombia for taking a serious attitude towards the street trash that call themselves guerrillas, those who want easy money, mistreating the long suffering people of Colombia. Burn them, Colombian Army. Salutations The military commanders were led by the head of the Joint Chiefs of Staff, Gen. Romeo Vásquez. Landa said that the members of the armed forces expressed to the president their concerns about the increase in drug-trafficking activity in the country and asked for support to install radar equipment in order to detect the clandestine flights of “narco-planes.” A total of forty-nine small planes landed and were then burned or suffered accidents in different regions of Honduras last year, and on Tuesday an airstrip used by drug traffickers was discovered in the La Masica region of Atlántida department, about 500 km north of the capital. About seven tons of illegal drugs were seized last year by the combined forces of Honduras and the United States, but the U.S. embassy in Tegucigalpa estimates that about one hundred tons of drugs pass through Honduran territory, waters, or airspace annually on the way from South to North America.
The same for Nelson City Soccer Adult Leagues.Tuesday the Leo’s Men’s Open captured center stage before the Finley’s Ladies Rec played its first games Wednesday.Thursday, Jackson’s Hole Men’s Masters were on the pitch.On the Nelson Rep circuit, teams are off to Sandpoint to compete in a tournament Saturday and Sunday while mini leagues takeover the waterfront fields Saturday. The Lakeside Pitches are once again busy from the summer hiatus as roundball gears up for the second half of the 2013 campaign.This week Nelson Youth Soccer players kicked off the Canada Geese to for training and games as the season comes to a close in October.