Vijay Aggarwal Advocate - Latest News

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 ...

The Delhi High court has allowed a Dubai based businessman, whose company was accused of fraud to the tune of Rs 300 Crores, to travel abroad and suspended a Look Out Circular (LOC) issued by Bank of Baroda against him. Earlier this month, while travelling to London the businessman was apprehended at Delhi airport based on a Look Out Circular (LOC) issued by Bank of Baroda. A bench of Rekha Palli in an order passed on October 27, after considering the submission made by the parties, said, "I am inclined to suspend the LOC for a short period and consequently grant permission to the petitioner to travel to Germany, Switzerland and UK for a period of eight weeks" "Having considered the submissions of the counsel for the parties and perused the record, I find that it is an admitted position that till date there is no FIR against the petitioner in respect of the purported dues of the company. It is also not denied that there is no allegation against the petitioner of his ...