Will pay all dues to depositors in 3 months if released: Nowhera Shaik tells HC

News Network
August 22, 2019

Hyderabad, Aug 22: Nowhera Shaik, the lady boss of the Heera Group of Companies has appealed to the High Court to release her from prison so that she could pay the dues to the depositors of the Heera Group.

Senior advocate P Venugopal, appearing for Shaik on Wednesday told the Telangana High Court that his client would clear all dues to the depositors concerned in three months if she was enlarged on bail. In this regard, the petitioner would give an undertaking, he noted.

Justice Ghandikota Sri Devi was dealing with the three petitions by the Sheik and Heera Gold Exim private Ltd, stating that the state police had no jurisdiction to investigate and to take her into custody, as the Central Government agency Serious Fraud Investigation Office was carrying out the investigation under the rules of the Companies Act.

Shaik complained that she was intentionally detained in jail by the Telangana police since October 15, 2018 by slapping several cases on her, one after another for the same offence with different complaints at various places.

Venugopal submitted that his client was ready to give an undertaking that she would keep her promise to pay the dues within three months, failing which the court could take action under ‘contempt of court’.

The counsel told the court that it was political vendetta against his client to keep her in jail, as she had started a new political party. He added that several complaints were lodged against her in various police stations since August 2018, just prior to the elections in the state and the state police had taken her in custody in October.

Further, he submitted that the complaints were made only after the Serious Fraud Investigation Office (SFIO) started the investigation into the allegations under the Companies Act for not paying dividends to the depositors.

He also submitted that as the Muslim Law does not allow taking an interest, the Company had collected deposits in the form of units and for every unit there was a lock-in period in which the depositors could not withdraw the money.

As the SFIO had started the investigation against the company for not paying dividends, the state police and state machinery had no role to play in the issue, the counsel concluded. This matter was adjourned to August 28, for the submission of the contention of the complainants, the state police and SFIO.

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News Network
May 17,2020

Bengaluru, May 17: Left to itself, Karnataka will look to spring back towards normalcy under Lockdown 4.0 as the state government is on standby to resume public transport services from May 18, if the Centre allows it. 

Though KSRTC and BMTC have been preparing for resumption of services, officials in the two corporations told DH that they cannot make a move till the government makes a decision.

Transport Commissioner N Shivakumar said the department will take a decision based on the state government's orders. "The government will take a call on buses as well as taxi and other transport services," he said.

Senior officials in the state government said Deputy Chief Minister and Transport Minister Laxman Savadi has written to Union Minister for Road Transport and Highways Nitin Gadkari seeking a nod for resumption of the services. 

Transport Secretary Gaurav Gupta has written a separate letter to his counterpart in the Union government requesting permission to operate public transport. "The state government wants the services to open. The official has listed out the steps the corporations will take to ensure social distancing other steps that will be taken to check spread of Coronavirus," a source said.

The B S Yediyurappa administration has been bullish on easing lockdown restrictions. 

If the Centre empowers the states to define Lockdown 4.0, Karnataka is likely to do away with the red-orange-green zoning of districts and allow public services to resume, except in COVID-19 containment zones. The government is also likely to redefine its containment strategy by micromanaging localities where COVID-19 cases are reported, without letting life in an entire district get affected. 

The government has already shown willingness to allow hotels and gyms to open after May 17 subject to social distancing norms and restrictions. In fact, the government has proposed to allow the resumption of all economic activities in standalone establishments. The government, however, is not keen on opening malls, theatres, diners and establishments that have centralized air conditioning. 

“Everything depends on the Centre,” Deputy Chief Minister CN Ashwath Narayan said. “Our only stand is that the red zone should be treated at par with the other zone when it comes to relaxation.” 

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News Network
April 5,2020

Chikmagalur, April 5: BJP Lok Sabha MP from Udupi Chikmagalur Shobha Karandlaje on Saturday claimed that "efforts to spread coronavirus throughout the country" began at Tablighi Jamaat event in Delhi and termed it as "corona jihad".

"Efforts began at Tablighi Jamaat event in Delhi to spread coronavirus throughout the country.

Most of the attendees of that event are untraceable. There seems to be 'corona Jihadi plan' behind that meeting," she said while speaking to reporters here.

Meanwhile, according to officials, out of the seven new cases from Mysuru, two cases are connected to the Jubilant Generics cluster while the rest five cases have a travel history to Delhi.

Total positive cases of COVID-19 in India stand at 3072.

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coastaldigest.com news network
June 29,2020

Bantwal, Jun 29: Seven SSLC students, who were on their way to write the examination, were injured in a road mishap near Panemangaluru on Monday.

According to sources, the auto-rickshaw in which the students were travelling overturned causing them injuries.

All the injured were students of Shambur Government high school.

Police said the accident took place as the driver lost control over the vehicle.

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