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Wednesday, November 8, 2017

How Public Prosecutor Sunil Hande Single Handedly Restored Punekars Faith in Judiciary

MPID Court rejects bail plea of Bunty & Babli - DSK & Hemanti:


How Public Prosecutor Sunil Hande Single Handedly Restored Punekars Faith in Judiciary

A Special Court for Maharashtra Protection of Interest of Depositors (MPID) Act on Wednesday rejected anticipatory bail application of Deepak Sakharam Kulkarni and his wife Hemanti in the multi-crore default and cheating case.

On Tuesday, Mr Hande had told the Court that he did not receive any documents from the investigating officer (IO) - Senior Police Inspector Sanjay Kurundkar - and hence needed more time for argument.

Reportedly, the IO did not provide necessary information to Special PP Hande for the argument. Mr Hande, himself contacted several investors and blog run by Pune-based Right to Information (RTI) activist Vijay Kumbhar and obtained all information about DSK Group. Based on the information about DSK Group's filing on the Ministry of Corporate Affairs (MCA) website, and documents from Reserve Bank of India, Mr Hande successfully opposed bail plea of DK Kulkarni and his wife, we learned.

Also the Police reportedly did not insist on presence of Mr Kulkarni and his wife during the hearing of their anticipatory bail application in the Court today. This may have allowed the Kulkarnis to avoid arrest for few more days after their bail was rejected. The Kulkarnis are most likely to approach the Bombay High Court against the order of the Special MPID Court.

Read more at - www.moneylife.in

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2 comments:

  1. Pay Rs 15K per flat if you overshoot deadline, MahaRERA tells Pune developer -

    Acting on three complaints against a leading Pune-based developer, the Maharashtra Real Estate Regulatory Authority (MahaRera) has ordered Marvel Realtors to pay up a monthly rent of Rs 15,000 to owners of 3-BHK flats in the Marvel Brisa project in Balewadi if the company does not complete one of the two 18-storey towers by March 2018.

    https://mumbaimirror.indiatimes.com/mumbai/civic/pay-rs-15k-per-flat-if-you-overshoot-deadline-maharera-tells-tells-pune-developer/articleshow/60823118.cms

    ReplyDelete
  2. Over 60% housing projects in 50 cities delayed: Survey -

    At least 62% of under-construction housing projects across 50 cities are delayed, while the percentage for delayed flats/apartments stands slightly higher at 64%, recent analysis by a real estate research firm has found.

    According to data accessed by 'Fight for RERA', the umbrella body of flat buyers, from research firm Liases Forras, nearly 30% of underconstruction apartments are delayed by two or more years.

    https://timesofindia.indiatimes.com/india/over-60-housing-projects-in-50-cities-delayed-survey/articleshow/61621090.cms

    Hope people avoid buying under-construction flats.

    ReplyDelete