India court to hear demand to cancel the F1 race

October 24, 2013

F1_raceOct 24: India’s Supreme Court agreed on Thursday to hear a petition seeking the cancellation of this weekend’s Indian Grand Prix because organisers have allegedly not paid entertainment taxes for the 2012 event.

“We will hear the petition tomorrow,” Chief Justice P. Sathasivam said in court, announcing a new legal snag for Formula One in India which has been dogged by problems since the inaugural 2011 event.

The Supreme Court has executive powers and ordered organisers two years ago to freeze 25 percent of ticket revenues until they had settled a tax dispute with the state where the racetrack is located.

That ruling came in response to Public Interest Litigation filed by campaigner Amit Kumar, who is also behind Thursday’s petition seeking the cancellation of the race on Sunday.

Kumar successfully argued in 2011 that Formula One was entertainment and not sport, and should not benefit from tax exemptions granted by the state of Uttar Pradesh which borders the capital New Delhi.

Entertainment tax, applicable for large-scale shows and sponsored festivals, has been levied on tickets this year for the first time.

A spokesman for circuit owner Jaypee Sports International Limited acknowledged previous tax problems in 2011 but refused to comment on the new problems.

“We will wait for the court’s directive this time around as well. Whatever the court says, we are ready to follow,” Askari Zaidi told AFP.

Asked about the claim that taxes had not been paid last year, he replied: “Why should we comment on somebody’s allegation?”

Formula One supremo Bernie Ecclestone had already removed India from the 2014 schedule, leaving the future of the event at the $450 million Buddh International Circuit in doubt.

After initially citing “logistical” problems, the billionaire was quoted in July as saying that “political” reasons caused India to miss out next year — believed to mean the lack of government support for his private empire.

Red Bull driver Sebastian Vettel was expected to seal the world title in Sunday’s race, with local motorsports enthusiasts hoping that a successful contest could improve the chances of an Indian GP in 2015.

“With venues in other countries also fighting for slots, we can’t afford to miss out in 2015,” Vicky Chandhok, who heads the Federation of Motor Sports Clubs of India, told AFP.

“But I am optimistic that the promoters will work out an agreement with Formula One to have two more races. We have a great facility here,” added Chandhok, who is the father of Indian driver Karun.

The privately-owned Jaypee Sports International Limited, which stands to lose the most if the race does not return, insists that it will be back in 2015.

“If we get another race, it will be by default, not by design,” motorsports writer Harish Samtani told AFP.

“But I am not optimistic. F1 is not meant for this country.”

The lavish F1 roadshow rolled into Greater Noida, a burgeoning satellite of New Delhi, in 2011 and its slick organisation helped to erase some of the memories of the chaotic Commonwealth Games of the previous year.

But while the inaugural race drew 95,000 spectators to the 100,000-capacity circuit, numbers fell to around 65,000 last year. Sluggish ticket sales this year could see figures drop further.

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February 11,2020

Mt. Maunganui (New Zealand), Feb 11: KL Rahul struck a combative 112 but New Zealand completed a 3-0 whitewash of India by winning the third ODI by five wickets, here on Tuesday.

Rahul helped India recover from a shaky start to post a challenging 296 for 7 but the Kiwis overhauled the target with 17 balls to spare.

This is the first whitewash that India has suffered in an ODI series in more than a decade.

Sent in to bat, India were down 62 for 3 in the 13th over after the dismissals of Mayank Agarwal (1), captain Virat Kohli (9) and Prithvi Shaw (40) but Rahul got a useful ally in in-form Shreyas Iyer (62) to take India to a competitive total.

Rahul, who hit nine fours and two sixes during his 113-ball innings, and Iyer stitched exactly 100 runs from 18.2 overs for the fourth wicket to revive the Indian innings.

After the end of the promising innings of Iyer, Rahul shared another 107 runs for the fifth wicket with Manish Pandey (42).

The Kiwis were off to a confident start in their chase with Martin Guptill (66) and Henry Nicholls (80) and putting on a 106-run stand. However, wrist spinner Yuzvendra Chahal took three wickets to bring India back in the game.

Colin de Grandhomme (58) and Tom Latham (32), though, took their side past the finish line with an unbeaten 80-run partnership.

Brief Scores:

India: 296 for 7 in 50 overs (KL Rahul 112, Shreyas Iyer 62; Hamish Bennett 4/64).

New Zealand: 300 for 5 in 47.1 overs. (H Nicholls 80, M Guptill 66; Y Chahal 3/47).

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February 5,2020

New Delhi, Feb 5: IPL franchise Kolkata Knight Riders (KKR) has denied any financial dealings with the controversial Rose Valley Group except for it being a sponsor of the side's official jerseys in 2012 and 2013.

KKR issued the clarification after the Enforcement Directorate (ED) attached Rose Valley's assets worth over Rs 70 crore on Monday. The attached assets include Rs 11.87 crore bank deposits of Knight Riders Sports Pvt Ltd, that owns KKR, in connection with a money laundering probe.

The franchise said it hopes for the matter to be resolved expeditiously.

"Rose Valley Hotels was one of KKR's IPL jersey sponsors for IPL seasons 2012 and 2013. Rose Valley had paid KKR an approx. amount of Rs 11.87 crore as sponsorship fees," KKR CEO Venky Mysore said in a statement.

"KKR had no other dealings with the Rose Valley Group including Rose Valley’s micro finance business," he added.

The statement added that in July last year, KRSPL (Knight Riders Sports Pvt Ltd), received a "witness summon" from the ED in connection with an investigation relating to the Rose Valley Group, particularly its micro finance business.

"The ED continues the investigation of Rose Valley. KKR continues to cooperate with the authorities in all respects," Mysore said.

"As part of the investigative process, sometime in October 2019, the ED placed a lien on the said amount earlier paid by Rose Valley to KKR," he asserted.

The directors of KRSPL include Shah Rukh Khan's wife Gauri Khan, actor Juhi Chawla's husband Jay Mehta, Mysore and two others.

Mysore was questioned in this case by ED's Kolkata office in October last year.

Apart from KRSPL, the ED attached properties of two other entities -- Multiple Resorts Pvt. Ltd. and Kolkata's St Xavier's College on Monday.

The ED registered an FIR against the Rose Valley group, its chairman Gautam Kundu and others under the Prevention of Money Laundering Act in 2014.

Kundu was arrested by the agency in Kolkata in 2015 and is in judicial custody at present.

The ED has filed multiple charge sheets in Kolkata and Bhubaneswar courts in this connection and total attachments are now worth Rs 4,750 crore.

The group has been charged by the ED and the CBI with "illegally and fraudulently collecting deposits from public with the intention to cheat them by falsely promising high returns on their investment", thereby perpetrating a ponzi-like fraud.

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February 21,2020

Wellington, Feb 22: shant Sharma's lion-hearted bowling effort met its match in Kane Williamson's elegance as New Zealand ended an attritional second day of the opening Test against India with a slight upper-hand, here on Saturday.

After another lower-order collapse that saw India get bundled out for 165, Ishant, coming straight back from an ankle injury, took three for 31 in 15 overs despite Williamson's effortless 89 in New Zealand's day-end score of 216 for 5.

New Zealand now lead by 51 runs.

Mohammed Shami (1/61 in 17 overs), during his final spell of the day, removed Williamson, who couldn't check an uppish drive. Henry Nicholls' (17 off 62 balls) struggle seemed to have hampered Williamson's rhythm.

During the final hour, Ravichandran Ashwin (1/60 in 21 overs), who also bowled beautifully throughout the day, relieved Nicholls' of his agony with a delivery that had drift and a hint of turn as India skipper Virat Kohli snapped the low catch at second slip.

Williamson looked good as he hit some delightful strokes square off the wicket. The square drive on the rise off Jasprit Bumrah (0/62 in 18.1 overs), followed by a cover drive, showed his class.

In all, the New Zealand skipper hit 11 boundaries off 153 balls.

Bumrah, in particular, was punished by Williamson, who also back-cut him for a boundary and Taylor then punished another half volley through the covers.

There were quite a few loose deliveries on offer from the Indian pacers and in between a few did beat the bat. With the 'Basin' baked in sunshine, batting became lot more easier and Black Caps seized the initiative.

Bumrah, in particular, failed to find his length consistently. Either he bowled too full and drivable length deliveries or too short that even Rishabh Pant failed to gather with the ball going a couple feet over his head.

This is where Ishant came into the picture. While he was lucky to get opener Tom Latham out with a delivery drifting on leg-stump, the other opener Tom Blundell (30) had a typical Ishant dismissal written all over it.

The ball was full on the off-stump channel and jagged back enough to find the gap between his bat and pad.

Williamson and Taylor then had a partnership of 93 runs during which New Zealand also got the lead before Ishant, coming back for his third spell, bowled one that reared up from good length and proved to be an easy catch for Cheteshwar Pujara at short-leg.

Once Nicholls came in, Williamson, who was batting fluently, suddenly had a player at the opposite end who scored only 4 off 34 balls.

Looking good for his 22nd Test hundred, Williamson, in his bid to get another boundary, couldn't check a cover drive and the low catch was taken by substitute fielder Ravindra Jadeja.

Earlier, New Zealand's debutant Kyle Jamieson and veteran Tim Southee took four wickets apiece as Indian innings folded in 68.1 overs.

Jamieson (4/49 in 16 overs) and Southee (4/49 in 20.1 overs) took four of the five wickets that fell on the second morning with India adding only 43 runs to their overnight score of 122 for 5.

Rishabh Pant (19) started with a six but then a horrible mix-up with senior partner Ajinkya Rahane (46) resulted in a run-out and the little chance of recovery was gone for good.

It was a poor call from the senior player and Pant had to sacrifice his wicket in the process.

Ashwin then received a beauty from Southee, pretty similar to what Prithvi Shaw got, while Rahane inside edged one while trying to leave it alone.

With India at 132 for 7, Rahane knew that time was running out as he played a square drive off Trent Boult to get him a boundary.

Southee then got rid of Rahane when he tried to shoulder arm a delivery that made a late inward movement. Mohammed Shami's entertaining 21 then enabled the visitors to cross the 150-run mark.

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