Vijay Aggarwal Advocate - Latest News

New Delhi [India], February 5 (ANI): The Delhi High Court has stayed proceedings before the trial court in section 138 Negotiable Instruments Act against a businessman in a complaint filed by TCI XPS, a division of Transport Corporation of India Ltd.   Businessman Arun Jain, erstwhile Director of Lilliput Kidswear Ltd. had prayed for the quashing of the summoning order and the complaint in the petition filed by him. The bench of Justice Swarana Kanta Sharma in an order passed on Feb 1, 2023, has issued notice to the respondent and said, “In the meanwhile, the Trial Court is requested to adjourn the matter to a date later than the date fixed by this Court.” Advocates Ayush Jindal and RK Gossain appeared for the businessman and submitted that the complaint was not maintainable since the cheque in question was presented by the complainant after the accused company was ordered to be wound up. It was also submitted that the material on record reveals that the petitioner could not have b...

The CBI has filed a fresh first information report (FIR) against fugitive diamantaire Mehul Choksi for allegedly cheating a consortium of banks led by Canara Bank of ₹55.27 crore. Several teams of the agency also carried out raids at three locations in Mumbai. Besides Choksi, Bezel Jewellery India Pvt Ltd (previously known as D’damas Jewellery), a company promoted by him, and its whole-time directors Chetna Jhaveri, Dinesh Bhatia and Milind Limaye have also been booked by the agency, the people cited above said. In a complaint on August 30, 2021, Canara Bank alleged that the bank, along with Bank of Maharashtra, had sanctioned ₹30 crore and ₹25 crore, respectively, as working capital facility to Bezel Jewellery under a consortium agreement.  Though the loan was granted for manufacture and sale of gold and diamond-studded jewellery, the company did not route any of the business transactions through the account to hide diversion of funds, the people cited above said on condition of a...

NEW DELHI:   The Delhi high court on Monday put on hold the jail term awarded to two former directors of M/s Adhunik Corporation Ltd for forging documents and cheating the government to get the allocation of the New Patrpara coal block in Odisha. Justice Anu Malhotra stayed the sentence of Mahesh Kumar Agarwal and Nirmal Kumar Agarwal, noting that it is unlikely that the two will evade the process of law. The two brothers argued that the high court was expected to take years to decide their appeals against the trial court verdict that sentenced them to jail for four years.   The judge observed that the trial took more than six years to complete and the two brothers were not accused of any other crime in the past. The brothers were sentenced to serve four years in jail and a fine of   ₹ 30 lakh each on April 20, The trial court concluded that, as alleged by the Central Bureau of Investigation, M/s Adhunik Corporation Ltd misrepresented various aspects to the ministries of ...

MUMBAI: Bombay high court on Friday granted interim bail to Vipul Chitalia , a co-accused with diamond trader Mehul Choksi in the Rs 13,500 crore Punjab National Bank (PNB) scam. Justice Anuja Prabhudesai of High Court granted the bail to enable him to attend his daughter’s marriage.  The court granted him interim bail from April 6 to 18 and directed him to surrender on the 19th April back to jail.    Gitanjali group's vice president Vipul Chitalia, was arrested in March 2018. Chitalia’s lawyer Vijay Aggarwal strenuously relied cited ancient Indian traditions of marriage to plead for the interim bail. He said it was one of the “biggest responsibilities a father has as a parent in our society” before saying “A father holds his daughter’s hand for a short while, but he holds her heart forever.” He said Chitalia was the “lone adult member in the nuclear family” and hence “his daughter’s marriage acquired even more importance “. He cited a Bombay HC order which had in ...

Last week, CBI questioned Rishi Aggarwal in the matter. ABG Shipyard case is said to be India's biggest bank fraud. New Delhi: Former Chairman and Managing Director (CMD) Rishi Aggarwal on Monday reached Central Bureau of Investigation (CBI) headquarter to join investigation with voluminous documents in ₹ 22,842 crore bank loan fraud, allegedly committed by ABG Shipyard Limited.  Last week, CBI questioned Rishi Aggarwal in the matter. ABG Shipyard case is said to be India's biggest bank fraud. Rishi Aggarwal was accompanied by the legal team of Advocate Vijay Aggarwal to the CBI headquarter. Advocate Vijay Aggarwal is best known for handling 2G spectrum scam case, ICICI-Videocon case, Yes Bank's Rana Kapoor case etc. ABG Shipyard case: Former Chairman and MD Rishi Aggarwal reaches CBI headquarters in Delhi to join the investigation pic.twitter.com/nLyeWWze5C — ANI (@ANI) February 21, 2022 Recently CBI in a statement, said that the accused have been located in India. Th...

MUMBAI: Bombay high court bench of Justices Gautam Patel and Madhav Jamdar on Wednesday directed parties to maintain status quo in the money laundering case against Maharashtra Member of Legislative Assembly (MLA) from Rashtriya Samaj Paksha, Ratnakar Manikrao Gutte , till an appeal filed against an attachment order is taken up before the PMLA Appellate Tribunal . The appeal against an attachment order is a statutory right. The HC also additionally restrained against taking further coercive steps in relation to Gutte’s properties in the interim. The Directorate of Enforcement (ED) had filed a case under the Prevention of Money Laundering Act (PMLA) against Gutte in connection with an alleged Rs 635-crore bank fraud. The Yogeshwary Hatcheries Pvt Ltd and Gangakhed Solar Power Pvt Ltd are among the assets worth Rs 225 crore associated that ED attached including Gangakhed Sugar & Energy Ltd of which Gutte is the chairperson. Yogeshwari Hatcheries and Gangakhed Solar Power Pvt Ltd ...