Sell Amrapali Group’s Five Star Hotel, Orders Supreme Court


The Supreme Court asked the auditors to examine the trail of around Rs 3000 crore (File)

New Delhi: 

The Supreme Court on Wednesday asked forensic auditors to examine the trail of around Rs 3,000 crore, the home-buyers’ money allegedly spent by the Amrapali Group on buying shares of its sister companies and asset creation.

Amrapali Group CMD Anil Sharma, directors Shiv Priya and Ajay Kumar returned to the court a total amount of Rs 1.55 crore of home buyers money “lying” with them.

The top court grilled several accountants of the group as to how they have prepared the accounts statements which were submitted in the court and on what basis they created the accounts this year for financial years 2015-16, 2016-2017 and 2017-2018.

It directed the forensic auditors to ascertain the numbers of flats which were ‘benami’ property, doubly booked or booked on a nominal value by Amrapali Group.

A bench of Justices Arun Mishra and UU Lalit directed Debt Recovery Tribunal, Delhi to conduct the valuation of Amrapali’s five-star hotel Tech Park in Greater Noida and sell it by January end.

It also questioned Sharma about the sub-leases granted to the family members of Amrapali directors and where the Rs 3,000 crore of home-buyers’ money has gone.

The bench after failing to get a satisfactory reply asked the two forensic auditors Pawan Kumar Aggarwal and Ravi Bhatia to examine the trail of around Rs 3000 crore.

“More than Rs 2,990 crores were taken out from nine companies of Amrapali Group in the name of assets creation and purchase of shares of sister companies. You should examine the trail of the money as to how and where did it go, and the assets created by the fund”, the bench told the forensic auditors.

The court asked the company to file the details of the assets it created with Rs 2,990 crore and the board resolutions which allowed Rs 1,100 crore to be spent for purchasing share capital.

It directed the forensic auditors to also examine whether any siphoning of funds was done by granting sub-leases or any favours were doled out in such transactions.

The top court noted that pursuant to its last order in which one last window was given to the directors and other officials of the company to return home buyers money, Sharma and two directors Shiv Priya and Ajay Kumar returned Rs 1.25 crore, Rs 20 lakh and Rs 10 lakh respectively.

The court sought an affidavit from Sharma and the two directors to declare that they do not have any more money of home buyers lying with them.

The bench directed Amrapali CFO Chandra Wadhwa and statutory auditor Anil Mittal to deposit Rs 9.69 crores and Rs 27 lakh of home buyers money lying with them by January 2.

It allowed the 86 luxury cars and SUVs, which were earlier attached by the court to be brought to the corporate offices of Amrapali Group where the car dealers can hold a physical inspection and later sell them.

When Sharma was questioned by the bench about the sub-leases the company granted, he replied that firm has received over Rs 66 crore by granting sub-leases and denied any wrong doing.

“The Forensic auditors should examine the sub-leases granted by Amrapali Group by next date of hearing,” the bench said, adding that the real estate firm should comply with all the requests made by the forensic auditors in 24-hours.

The court posted the matter for further hearing on January 16.





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Maneka Gandhi Orders Inspection Of All Odisha Shelter Homes, Says It Is A Matter Of Regret


Maneka Gandhi alleged the state had failed to provide security to women, children (file)

Bhubaneswar: 

Union Women and Child Development Minister Maneka Gandhi has ordered an inspection of all shelter homes in Odisha, a fortnight after an alleged sexual abuse of minor girls in such an accommodation in Dhenkanal district came to light.

In a letter to Chief Minister Naveen Patnaik, Ms Gandhi said, “I strongly believe that the concerned authorities must assume moral responsibility for this incident. I have asked Secretary, Ministry of WCD to get an inquiry conducted in this,” she said.

 “I have also asked (the) National Commission for Protection of Child Rights (NCPCR) to get all the homes in Odisha inspected immediately,” she added.

An NGO-run shelter home in Beltikiri village of Dhenkanal — 106 km from Bhubaneswar — was sealed last Sunday and two people, including its managing director, had been arrested following allegations of sexual harassment.

“It is a matter of regret that the district administration has no knowledge about how it functions, despite the fact that it is only 10 km away from the district headquarters,” Ms Gandhi said, adding that the license of the shelter home in question had expired in October.

The minister said there were also reports of “religious conversions” at the shelter homes run by the NGO.

Most of its shelter homes have been functioning without registration since the last two years, she pointed out.

The minister alleged that the state government had failed to provide security to women and children.

Earlier in the day, Union minister Dharmendra Pradhan has sought the Centre’s intervention in the matter.

“I sincerely urge you to take exemplary action against the perpetrators of this heinous crime in order to stop the illegal functioning of the shelter home,” Mr Pradhan wrote in a letter to Union Home Minister Rajnath Singh. 

For the latest News & Live Updates on Election Results from each assembly constituency in Madhya Pradesh, Rajasthan, Mizoram, Chhattisgarh, Telangana, like us on Facebook or follow us on Twitter for updates.





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Video Shows Rewa Collector Allegedly Gave Shooting Orders To EVM Strong Room Security


Rewa collector, Priti Maithil allegedly told EVM strong room security “shoot” if anyone ignores orders

Rewa, Madhya Pradesh: 

Priti Maithil, the District Collector of Rewa in Madhya Pradesh was pulled up by the top officer of the state election body, after she was heard in a purported video giving “shoot” to kill order for safeguarding the EVMs. The Election Commission on Tuesday asked for a report from VL Kantha Rao, the Chief Election Officer of the state. 

The Rewa collector allegedly asked a security official posted outside a strong room, where EVMs are kept, to “shoot” anyone who tries to breach the three-tier security ring. During elections, collectors function as returning officers in their districts and supervise the polling process. 

In the video, which appears to have been shot when security of strong rooms were being inspected, Ms Maithil said, “I will not put my career at stake for such small issues… shoot if someone doesn’t listen to you,” news agency PTI quoted from the video clip. 

“We have sought a report. After we receive it we send it to the Election Commission,” said Mr Rao. 

The video, which has gone viral on social media, comes at a time when opposition Congress in the state has alleged tampering of EVMs and cast doubt over security in strong rooms. A Congress delegation met the Election Commission on Sunday and raised its concerns over the security of EVMs in Madhya Pradesh and Chhattisgarh. 

The election body has admitted that CCTV cameras installed at a Bhopal strong room, where EVMs were stored, did not function for over an hour due to an unprecedented power cut on Friday





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iPhone XS, XR Orders Reportedly Cut Again, TSMC to Be ‘Little Affected’


iPhone XS, XR Orders Reportedly Cut Again, TSMC to Be 'Little Affected'

These cuts come at a time when Apple’s iPhone 2018 range is experiencing lower-than-expected demand

All’s not well in Apple land as the company has reportedly ordered a second round of supply reduction in the wake of iPhone sales falling short of estimates. The move – said to be for all three iPhone XS, iPhone XS Max, and iPhone XR models – is expected to affect Apple’s multiple component suppliers as they continue to reduce their sales predictions and even lay off employees to cope with slowing demand for parts. The Apple A12 Bionic’s sole supplier, Taiwan Semiconductor Manufacturing Company (TSMC) is said to not face a significant setback due to this decision given the increasing orders for 7nm chipsets from other manufacturers like Huawei, Qualcomm, AMD, among others.

Apart from TSMC, most other iPhone supply chain partners are expected to see a decline in their revenues from November 2018 as Apple orders a second cut to iPhone production orders, according to a report by Digitimes. As for TSMC being “little affected” by this decision, the report claims that the chip supplier has several orders from other high-profile clients for its chips based on the newest 7nm process.

For instance, TSMC is currently focusing on the 7nm HiSilicon Kirin 980 SoC for the Huawei Mate 20 and Mate 20 Pro. Additionally, it is claimed that TSMC will start volume production of Qualcomm’s Snapdragon 8150 7nm chip in the first quarter of 2019, once the chipset is released early next month.

Apart from Huawei and Qualcomm, the Taiwanese chip maker is also reportedly working with AMD to produce the Radeon Instinct M160 and M150 server accelerator chips. These two chips will undergo production by the end of 2018 and will be released in the first quarter of 2019, as well.

Even other major vendors like Broadcom, Xilinx, and Nvidia have placed orders for the new 7nm chips from TSMC, making the iPhone supply cut a small loss for the company. As per the report, TSMC expects its revenue ratio for the 7nm process to go up to over 20 percent compared to 10 percent in 2018.

The story is different for other Apple suppliers, though. For example, camera lens supplier Largan Precision estimates that November 2018 revenues will be lower than those of October 2018. Additionally, iPhone flexible PCB supplier Career Technology has reportedly laid off as many as 110 workers. Yet another unnamed iPhone assembler has trimmed down its workforce to focus on lowering revenues in the wake of Apple’s decision.

The first wave of iPhone order cuts reportedly happened earlier this month. These cuts come at a time when the iPhone 2018 range is experiencing lower-than-expected demand for the Christmas quarter.



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60 Sabarimala Pilgrims Detained For Violating Prohibitory Orders


The police had imposed strict restrictions on the devotees at Sannidhanam. (File)

Sabarimala: 

Around 60 pilgrims, who breached the security zone near Sabarimala’s ‘vavarunada’ area and started chanting prayers despite prohibitory orders, have been detained by the police.

Due to previous incidents of violence at the hill-top shrine, the police had imposed strict restrictions on the devotees at Sannidhanam. The protesters were staying back near ‘vavarunada’ and chanting prayers, even as there was an imposition of Section 144 that prohibits assembly of more than four people at a spot, the police said.

The detained protesters are being taken to the Pamba police station, which is around 3.5-km downhill. Hundreds of protesters have been arrested in this first week of the annual two-month-long ‘Mandala-Makaravilakku’ season of Sabarimala, which commenced on November 17.

Earlier, the protesters detained in similar circumstances were arrested, taken to the Maniyar police camp and were sent to judicial custody by the court subsequently.

The shrine has been witnessing frenzied protest over the decision of the state government to implement the September 28 verdict of the Supreme Court allowing women of all ages to enter Sabarimala.





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Apple Cuts Production Orders for All 3 New iPhone Models: Report


Apple has cut production orders in recent weeks for all three iPhone models launched in September, the Wall Street Journal reported on Monday, citing sources.

A lower-than-expected demand for the new iPhones and Apple’s decision to offer more models has made it more difficult to anticipate the number of components and handsets the company needs, according to the paper.

Apple shocked investors a few weeks ago with a lower-than-expected sales forecast for the Christmas quarter, prompting certain suppliers to issue warnings that pointed to weakness in new iPhone sales.

Forecasts have been particularly problematic for iPhone XR with Apple cutting its production plan by up to a third of the nearly 70 million units some suppliers had been asked to produce between September and February, the paper said.

As recently as last week, Apple informed several suppliers that it lowered its production plan again for iPhone XR, the Journal reported.

The company started selling its latest phone generation, the iPhone XS and iPhone XS Max, in September and the XR model in October.

Apple did not respond to a request for comment outside regular business hours.



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China Orders People “Poisoned By Extremism, Terrorism” To Confess Crimes


Beijing has faced an outcry from foreign governments over strict surveillance of minorities (File)

Beijing: 

A city in China’s far-western Xinjiang region has ordered people who are “poisoned by extremism, terrorism and separatism”, in contact with overseas terror groups or act in a conservative Islamic manner, to turn themselves in to authorities.

Those who surrender to judicial organs within 30 days and confess to their crimes will be treated leniently and might avoid punishment, said a notice posted on Sunday on the official social media account of the Hami city government.

Beijing has in recent months faced an outcry from activists, academics and foreign governments over mass detentions and strict surveillance of the Muslim Uighur minority and other ethnic groups that live in Xinjiang.

China rejects the criticism, saying that it protects the religion and culture of minorities in the region and that its security measures are needed to combat the influence of “extremist” groups that incite violence there.

“All individuals involved in terrorist crimes and poisoned by the ‘three evil forces’ are urged to surrender themselves to the judicial organs within 30 days and to confess and hand over the facts of your crime,” said the Hami city notice.

The notice issued by the municipal “leading small group for stability maintenance” says that actions ranging from being in contact with overseas “terror” groups to conservative Islamic behaviour should prompt individuals to turn themselves in.

Advocating that people live their entire lives in accordance with the Koran, stopping other people from watching television, or banning alcohol, smoking and dancing at weddings are listed as behaviours that should warrant informing the authorities.

The list also included openly destroying, rejecting or thwarting the government identification system, as well as rejecting government provided housing, subsidies and cigarettes or booze as being “haram” or forbidden.

Those who turn themselves in on time will be treated leniently, and if the information provides a significant clue, then they might avoid all punishment, the notice said.

In August, a United Nations human rights panel said it had received many credible reports that a million or more Uighurs and other minorities are being held in what resembles a “massive internment camp that is shrouded in secrecy” in Xinjiang.

China says it is not enforcing arbitrary detention and political re-education.

Aside from the mass detentions, rights groups also say that the Chinese government has significantly raised limitations on everyday religious observances in the region.

Last month, the region’s capital Urumqi launched a campaign targeting halal products, like food and toothpaste, which are produced according to Islamic law, in order to prevent what it sees as the incursion of Islam into secular life.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)





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Election Commission Orders Removal Of Chhattisgarh Public Relations Chief


The official is allegedly heard saying that he is willing to spend some money for the sting video. (File)

New Delhi: 

The Election Commission on Saturday asked the Chhattisgarh government to transfer one of its senior officials who was allegedly caught on tape offering money for sting operation against opposition Congress leaders in the poll-bound state.

The commission has directed that S Rajesh Toppo, secretary and commissioner of public relations in the state government, be transferred from his present post “in context of alleged statements made by him”, a spokesperson said.

“The commission observed that such statements indicate partisan behaviour apart from use of uncivilised language unbecoming of a senior civil servant,” the spokesperson said.

Mr Toppo was allegedly caught on tape asking a journalist to film a video of Congress members abusing one of their senior leaders.

The official is allegedly heard saying that he is willing to spend some money for the sting video.

The second phase polling in 72 assembly constituencies in Chhattisgarh will be held on November 20. The first phase polling in 18 seats took place on November 12.





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Bihar : Court orders action against ex-minister Manju Verma


खास बातें

  1. वर्मा के खिलाफ धारा 82 और धारा 83 के तहत कार्रवाई का आदेश
  2. वकील ने मंजू वर्मा को फरार न मानते हुए आदेश पर रोक की मांग की थी
  3. अदालत के अहम फैसले से मंजू वर्मा की मुश्किलें बढ़ीं

पटना: पूर्व मंत्री मंजू वर्मा के मामले में शुक्रवार को कोर्ट का एक अहम फैसला आया है. इस मामले में मंझौल कोर्ट ने मंजू वर्मा के खिलाफ धारा 82 और धारा 83 के तहत पुलिस को कार्रवाई का आदेश जारी किया है.  

मिली जानकारी के अनुसार पुलिस ने कुछ दिन पूर्व कोर्ट से मंजू वर्मा के खिलाफ इश्तेहार और कुर्की जप्ती का आदेश मांगा था. इस संबंध में मंजू वर्मा के वकील ने कोर्ट को एक लिखित आवेदन देकर मंजू वर्मा को फरारी न मानते हुए उनके खिलाफ  इश्तेहार और कुर्की जप्ती के आदेश पर रोक लगाने की अपील की थी. इस मामले में कोर्ट ने मंजू वर्मा के वकील की दलील को खारिज करते हुए इश्तेहार और कुर्की जप्ती का आदेश जारी कर दिया है.

गौरतलब है कि आर्म्स एक्ट के मामले में मंजू वर्मा फरार चल रही हैं जबकि उनके पति इसी मामले में कोर्ट में सरेंडर कर चुके हैं और जेल में बंद हैं. शुक्रवार को आया कोर्ट का यह अहम फैसला मंजू वर्मा की मुश्किलें बढ़ाने वाला है.

टिप्पणियां

VIDEO : बिहार सरकार को सुप्रीम कोर्ट की फटकार

मंझौल कोर्ट के एसीजीएम प्रभात त्रिवेदी ने यह आदेश जारी किया है.



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Tesla To Deliver New Model 3 Orders By Year End


Tesla just acquired trucking capacity to ensure Model 3 can be delivered in U.S. by Dec 31.

Tesla Inc Chief Executive Officer Elon Musk said on Thursday that Model 3s ordered in the United States by the end of this month will be delivered by Dec. 31, as the electric carmaker tries to take advantage of tax breaks. “Tesla just acquired trucking capacity to ensure Model 3 can be delivered in U.S. by Dec 31 if ordered by Nov 30,” Musk tweeted. “Skipping rail saves over a month for East Coast deliveries. All things considered, it’s better to use trucks. Single load/unload & direct to owner location.” Tesla did not immediately respond to a request for more details about the acquisition.

Also Read: Elon Musk Replaced As Tesla’s Chairman By Robyn Denholm

“I think it’s a good move. We need a little more detail to know what kind of capacity this brings, but having those trucks on the road will help with order momentum,” Roth Capital Partners analyst Craig Irwin said. Tesla had earlier said that orders placed by Oct. 15 will be delivered by the end of the year.The electric carmaker has until the end of the year to hand out tax credits of $7,500 to customers.

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The credits are available for six months after an automaker hits 200,000 delivery mark, which Tesla hit in July. The incentives then reduce by 50 percent every six months until it phases out. Tesla has promised a profit for its fourth quarter. The company said it booked $189.5 million in automotive regulatory credits in its third quarter, which contributed to nearly half of the profit.

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