Digvijaya Singh summoned in defamation case by Nitin Gadkari

November 17, 2012

digvijay-singh

New Delhi, November 17: Senior Congress leader Digvijaya Singh was today summoned by a Delhi court to face trial in a criminal defamation case lodged against him by BJP President Nitin Gadkari.

"Accused Digvijaya Singh has been summoned for the offence under sections 499 and 500 of the Indian Penal Code to face trial for criminal defamation. Let he be summoned for December 21," Metropolitan Magistrate Sudesh Kumar said.

The court on October 16 had reserved its order on the BJP president's complaint after recording the statements of two witnesses.

The court had recorded the statement of Mr Gadkari and BJP National Secretary Bhupinder Yadav, also a Rajya Sabha MP. Mr Gadkari has filed the criminal defamation case against Mr Singh, who had accused him of having business links with his party MP Ajay Sancheti who allegedly pocketed a huge sum in the coal block allocation.

Mr Gadkari, in his statement recorded in the court, had denied having any business ties with Mr Sancheti and had said Mr Singh had levelled "totally false and defamatory" allegations against him to "give the impression that I have been responsible for allocation of coal mines" to Mr Sancheti.

In his petition, filed through advocate Ajay Digpaul, Mr Gadkari has sought Singh's prosecution under sections 499 (defamation) and 500 (punishment for defamation) of the IPC. In his complaint, Mr Gadkari has said the Congress-led UPA government is facing a lot of heat on account of its irregularities as brought out by the Comptroller and Auditor General of India (CAG) in coal blocks allocation and accused Mr Singh of making baseless allegations against him to divert attention from the issue.

Mr Gadkari's counsel had earlier denied that his client has any "direct or indirect" business relations with Mr Sancheti and contended that Singh's statement had the "clear intention to malign the reputation of the complainant."

Mr Yadav, who had also recorded his statement in the court, had said that on September 3, he read news articles in various newspapers about the alleged business relations between Mr Gadkari and Mr Sancheti and it was "totally false" that Mr Gadkari had earned Rs. 490 crore from coal allocation through Mr Sancheti.

Mr Yadav had also said the news was "defamatory" and it had lowered Mr Gadkari's image in the eyes of the public.

The court had also recorded the statement of an authorised representative of a national English daily in which the alleged defamatory statement of Mr Singh was published.


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Agencies
March 15,2020

Financially troubled Yes Bank on Saturday reported a standalone net loss of ₹ 18,560.31 crore for the third quarter of the financial year 2019-20. This is amongst the biggest losses reported by the India Inc.

At present, the private lender is under a moratorium and is controlled by the office of the administrator appointed by the RBI.

The bank had reported a net profit of ₹1,001.85 crore during the corresponding period of the previous financial year.

Besides, the bank's total income fell to Rs 6,268.50 crore from Rs 8,849.81 crore earned during the October-December quarter of the previous fiscal.

On consolidated basis, Yes Bank reported a net loss of ₹18,564.24 crore for the December quarter from a net profit of Rs 1,000.57 crore in the corresponding period of the previous fiscal.

The independent auditor's review report on the consolidated results pointed out that there is a "material uncertainty related to going concern" of the bank.

"The said assumption of going concern is dependent upon the degree of success of the final reconstruction scheme, the quantum of capital infused into the bank and the bank's ability to stabalise its deposit balances post withdrawal of the moratorium by the RBI. Our conclusion is not modified in respect of this matter," the auditor said.

Furthermore, the bank recognised additional loans of ₹ 5,150.2 crore as NPAs and related provisioning requirements of ₹772.5 crore for the quarter ended December 31, 2019.

The bank has recognised an additional provisions of ₹15,422.0 crore in the quarter ended December 31, 2019.

Last week, the RBI placed Yes Bank under moratorium and capped the withdrawal limit at ₹50,000 till next Wednesday.

Additionally, the central bank also superseded Yes Bank's board of directors and appointed former SBI CFO Prashant Kumar as its administrator.

Meanwhile, Kumar has been appointed as the new Chief Executive Officer of the financially troubled lender. He will take over his new responsibilities once the moratorium on the stressed lender is lifted on Wednesday.

Apart from Kumar, Sunil Mehta, former non-executive Chairman of Punjab National Bank, will take over as the non-executive Chairman of Yes Bank.

Other board members include Mahesh Krishnamurthy and Atul Bheda, both as non-executive Directors.

Additionally, six private lenders have joined the SBI to rescue Yes Bank with Federal Bank committing ₹300 crore by subscribing to 30 crore shares of ₹2 each at a premium of ₹8 per equity share.

The six private lenders have now committed an investment of ₹3,700 crore in the cash-strapped private sector bank.

On Friday, ICICI Bank and Housing Development Finance Corporation (HDFC) Ltd had announced that they will be investing ₹1,000 crore each in Yes Bank's equity. Axis Bank and Kotak Mahindra Bank will be investing ₹ 600 crore and ₹500 crore, respectively, while Bandhan Bank will invest ₹300 crore.

The SBI board has already approved up to 49 per cent stake purchase in Yes Bank, as per the RBI's reconstruction scheme for the lender. It had said on Thursday that an investment of ₹7,250 crore would be made in Yes Bank to pick up₹ 725 crore equity shares.

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News Network
April 2,2020

New Delhi, Apr 2: With 437 new cases reported in the last 24 hours, the tally of COVID-19 positive cases in India shot up to 1,834 on Wednesday night.

The number of deaths in the country due to COVID-19 has risen to 41.

The total number of active cases in the country is 1,649. 143 persons have been cured and discharged from the hospitals. One person has migrated, according to the data provided by the Ministry of Health and Family Welfare.

Earlier on Wednesday, Union Home Secretary Ajay Bhalla urged all state governments and Union Territory administrations to ensure the lockdown measures issued by the Ministry of Home Affairs are strictly implemented.

"All the state governments/UT administrations are requested to strictly implement the lockdown measures issued by MHA in the exercise of the powers under Disaster Management Act, 2005 in letter and spirit," Bhalla said.

Prime Minister Modi had earlier announced a 21-day lockdown in the entire country to deal with the spread of coronavirus, saying that "social distancing" is the only option to deal with the disease, which spreads rapidly.

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News Network
April 1,2020

Amaravati, Apr 1: All the 43 patients who were tested positive for COVID-19 in Andhra Pradesh on Wednesday have returned after attending the event at Delhi's Nizamuddin Markaz, said Chief Minister's Office, Andhra Pradesh.

With 43 new COVID-19 positive cases, the total number of coronavirus cases in Andhra Pradesh has reached 87, informed the state Nodal Office earlier today.

The 43 new coronavirus positive cases were reported between March 31, 9 pm and April 1, 9 am. A total of 373 samples were tested during this time period and of these samples, 330 were negative and 43 came out to be positive.

There has been an increase of 240 COVID-19 cases in the last 12 hours across the country.
According to the Ministry of Health and Family Welfare, the total number of COVID-19 positive cases have reached 1637 in India, including 1466 active cases, 133 cured/discharged/migrated people and 38 deaths.

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