Out of court settlement: Shia board proposes temple in Babri land; mosque in Lucknow

Agencies
November 20, 2017

Lucknow, Nov 20: Uttar Pradesh Shia Waqf Board today proposed relinquishing its right over the disputed land in Ayodhya, and building a 'masjid-e-aman" in Lucknow to resolve the Ram janmabhoomi-Babri masjid tangle, a move rejected by the Muslim protagonists involved in the protracted legal feud.

The board, which is the 'mutawalli' (caretaker) of the Babri Mosque, has proposed giving up its right over the land in Ayodhya, and a draft for resolving the issue, prepared by the Shia Waqf Board, has been submitted in the Supreme Court on November 18, its chairman Wasim Rizvi told reporters here.

Claiming that the formula for resolving the matter proposed by the Shia Waqf Board was the best, Rizvi said it is of the view that instead of Ayodhya, a 'masjid-e-aman' (the mosque of peace) be constructed in Lucknow's Hussainabad area.

The Board, he said, has requested the government to provide a one acre plot for it.

The proposal, however, did not go down well with the All India Muslim Personal Law Board (AIMPLB).

"On whose behalf has he brought this draft proposal? He (Rizvi) does not enjoy the confidence or recognition of either the Sunni sect or the Shia sect," AIMPLB counsel in the case and its senior member Zafaryab Jilani said.

Jilani, who is also the convenor of Babri Masjid Action committee, referred to some legal shortcomings in the draft proposal.

"The Shia Board has no authority over the disputed land as the Allahabad High Court, in 2010, had ruled a three-way division of the disputed 2.77-acre area at Ayodhya among Sunni Waqf Board, Nirmohi Akhara and Lord Ram Lalla...the Shia board has no right over any part of the land," he said.

Moreover, Jilani said since the Shia Waqf Board did not appeal against the high court's decision, it meant that the ruling, which was binding on all till the Supreme Court announced its judgement, was acceptable to them.

Rizvi, however, rejected the claim of UP Sunni Central Waqf Board over the disputed site, saying that the Allahabd High court had given the land to Muslims and not to Sunni Waqf Board.

Chairman of the UP Sunni Central Waqf Board Zafar Farooqui said any claim can be accepted or rejected only by the court "...our involvement has been since 1961 and it is being rejected by the Shia Board now...he (Rizvi) does not have the authority to do so..."

Rizvi, he said, has been chairman of the board since 2006-07, and could have spoken on the subject even when the case was being heard by the Lucknow bench, which came up with its verdict in 2010, or in the Supreme Court where the hearing is going on for the last seven years.

"It is absurd. He has been silent on it ever since and has become active only now. The case is going on in the highest court of the country. Whatever he has to say, he should do it in the court. What's the relevance of releasing his formula to the media?" he said.

Jilani alleged that Rizvi was "working overtime to please certain forces in order to serve his personal motives".

Rizvi, who addressed the press conference along with Mahant Narendra Giri, chairman of the All India Akhara Parishad, alleged that the Shia Board's views on the matter were never put forward in a forceful manner because the lawyers deployed for the purpose were "fake".

Referring to the criticism of his recent actions, Rizvi said it was because the board was never given any court copy and that it was not aware that lawyers were pleading on its behalf.

It was only on March 21, 2017, when the apex court said that talks could be initiated for mutual agreement to end the dispute that the Shia Waqf Board looked into the files in detail only to find that though it is a party in the case it never gave 'wakalatnama' to the counsel appearing on its behalf, Rizvi said.

"It is a matter of probe that the case is being pursued by overlooking the actual claimant which is the Shia Board...I have requested the central and state governments to get it enquired as to who had fielded the lawyers on our behalf," he said.

On Rizvi's allegations regarding fake counsel, Jilani said that it should be probed by the Shia board itself.

Jilani, however, said that he had never seen any counsel pleading on behalf of the Shia Board in the court.

On the role of AIMPLB, Rizvi said it (board) should have come forward for a dialogue but since it did not take the initiative, Shia board had to come forward.

Giri said a Ram temple in Ayodhya will be constructed and that an amicable settlement should be reached on the issue by talking to all the parties concerned.

Comments

Fairman
 - 
Tuesday, 21 Nov 2017

Anti Nationals / Terrorist following the devide and rule (same as British done before the Independence) with Sunni Muslims and Shia people for their benefits by giving money one way or other.  But these (Shia) absent minded people is folowing this because of Publicity. 

Mohammed SS
 - 
Tuesday, 21 Nov 2017

First of all Shias are not Muslims they can worship Ram as well, and they can perform their prayer in Ram Mandhir also, they dont have any right to interfere in this issue. This land belongs to Sunni waqf board and it will remain forever to build Mosque or to keep the land vacant it is Sunni Waqf bord choice and Shias nothing to do with this it is  Shia hated world wide and they will became rare to see very soon. 

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News Network
January 31,2020

New Delhi, Jan 31: Nirbhaya's mother Asha Devi on Friday said she will continue her fight till the convicts in the 2012 gangrape and murder case are hanged, shortly after a Delhi court postponed the execution of death warrants till further order.

Devi told reporters her "hopes are dashed" but she will continue her fight.

"These convicts have no right to live. We keep getting disappointed by the system. I will continue my fight till the convicts are hanged," she said.

A Delhi court postponed the execution of death warrants of the four convicts in the Nirbhaya gangrape and murder case till further order.

Additional sessions judge Dharmender Rana passed the order on a plea by the convicts seeking a stay on their execution on Saturday, February 1.

Devi said because of the loopholes in law the "criminals' lawyers had the audacity to challenge me in court that they will not be hanged".

The black warrants for execution of the death sentence against Pawan Gupta, Vinay Kumar Sharma, Akshay Kumar and Mukesh Kumar Singh, were issued on January 17.

A 23-year-old physiotherapy intern who came to be known as "Nirbhaya" (the fearless one) was gangraped and savagely assaulted on the night of December 16, 2012, in a moving bus in South Delhi. She died of her injuries a fortnight later in a Singapore hospital.

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coastaldigest.com news network
July 8,2020

Kasaragod, Jul 8: The meeting of Kasaragod district-level corona control core committee has resolved to make pass mandatory for vehicles to bring vegetables and fruits to Kasaragod from Dakshina Kannada and other parts of Karnataka.

Pass will be issued by RTO. Employees, including the driver of the vehicle, must visit the nearest primary health facility once in seven days and undergo a health check and submit a medical officer's certificate.

District Collector Dr D Sajith Babu, who presided over the meeting, said that only those vegetable and fruit vehicles that produce medical officer's certificate and RTO's passes will be allowed to cross the border.

Meeting, the RTO has decided to convene an emergency meeting of vegetable and fruit merchants.

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News Network
February 19,2020

Feb 19: Bavaguthu Raghuram Shetty was once a typical billionaire with a taste for the high-life.

He splurged on a private jet, vintage cars and two entire floors of the Burj Khalifa, the world’s tallest skyscraper. His website shows him hobnobbing with politicians, Bill Gates and Bollywood royalty.

“The thrill of speed and freedom makes me love cars,” Shetty, 77, told local reporters last year.

Shetty had more than enough money -- at least on paper -- to afford such a lifestyle from companies he helped found, including hospital operator NMC Health Plc and financial services firm Finablr Plc. On Dec. 10, his stakes in the public companies were valued at $2.4 billion, making up the bulk of a fortune spanning education, hospitality and one of the world’s oldest tea companies.

Then, a week later, Carson Block came along.

Block’s investment firm, Muddy Waters, issued a report criticizing NMC’s accounts and disclosing a short position. Since then, Muddy Waters’s scrutiny has snowballed into a troubling scenario for Shetty that sheds light on his complex share arrangements and casts doubts about his net worth. His holdings in Finablr and NMC are worth $885 million, but Shetty’s fortune may now be just a fraction of that, depending on the size of his borrowings.

Filings this month show that Shetty pledged a quarter of his NMC stake against loans with First Abu Dhabi Bank and Zurich-based Falcon Private Bank. Two other shareholders may own half of his reported stake. Another lender -- Al Salam Bank Bahrain -- has already sold some of those shares to enforce security over a loan for Shetty, and NMC said Tuesday that First Abu Dhabi Bank sold another chunk earlier this month.

The situation “seems to have gone beyond some of the issues that Muddy Waters focused on initially,“ said Gavin Launder, a fund manager at Legal & General Investment Management, who owned shares in NMC until October. “The increased scrutiny has unearthed other issues.”

Law firm Herbert Smith Freehills has launched a review of Shetty’s holdings at his request, a spokesperson for the Indian-born businessman said, declining to comment further until the analysis is completed. Shetty resigned Sunday as NMC’s chairman.

In its Dec. 17 report on NMC, Muddy Waters hinted at potential overpayment for assets, inflated cash balances and understated debt. Shares of the United Arab Emirates’ biggest private health-care provider have since plunged 67%, and the firm is now the focus of takeover speculation. The sell-off also spread to Finablr, whose stock has tumbled 64% in that span.

NMC has disputed Muddy Waters’s claims, and the company hired former FBI Director Louis Freeh to conduct an independent review of the short seller’s allegations. Meanwhile, local regulators “are making inquiries with the relevant parties,” a spokesperson for the U.K.’s Financial Conduct Authority said.

Shetty is hardly the only ultra-wealthy person to leverage his assets. Elon Musk has used his shares in Tesla Inc. to obtain personal loans, while Oracle Corp. Chairman Larry Ellison has put up millions of the company’s shares to fund a lavish lifestyle that includes trophy properties, America’s Cup teams and the Indian Wells tennis facility in California.

But such deals can also sour, as demonstrated by Shetty’s lenders selling shares his investment firm pledged. He and his advisers are investigating details of the sales as part of their legal review, according to filings.

To complicate matters, Shetty pledged another batch of NMC stock in 2018 as part of a so-called equity collar arrangement with Goldman Sachs Group Inc. that uses options to limit the impact from share moves. Last month, he also pledged most of his stake in Finablr to refinance a loan from the company’s takeover of foreign-exchange firm Travelex for about $1.2 billion.

BRS Ventures Investment, the UAE-based holding company for most of Shetty’s assets, doesn’t report consolidated financials, preventing a complete analysis of his net worth. His other assets include a catering company, a waste-management firm and pharmaceutical business Neopharma, which four months ago was in the early stages of planning for an initial public offering.

Block, 43, earned his reputation as a short seller a decade ago through targeting U.S.-listed Chinese companies that he claimed were frauds. More recently, his San Francisco-based firm focused on British litigation-finance firm Burford Capital Ltd. and Japanese biotech stock PeptiDream Inc. Short sellers seek to benefit from a decline in a company’s share price.

Shetty founded NMC in 1975 after moving to Abu Dhabi from his native India. He created Finablr two years ago to consolidate his financial brands before listing it on the London Stock Exchange in 2019.

Block said he didn’t anticipate NMC’s shareholding drama.

“I wouldn’t have been able to predict that we’d get these bizarre disclosures about unclear share ownership coming out of the company,” he said in a Feb. 13 phone interview. “This has been obviously a more dramatic unraveling than we usually see.”

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