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 ...

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 ...

Special judge observed that “.. no exceptional circumstance has been put forth by the department,” states the order reviewed by ET. The judge further observed that issuing of a LoC requires fulfillment of two conditions: First, accused deliberately evading arrest or not appearing before the agency despite issuance of a non bailable warrant and other coercive measures and second, there is likelihood of the accused fleeing the country.  A Special Court in Delhi quashed the look out circular (LOC) LOC issued by Income Tax Department against businessman Samir Modi , the Executive Director, KK Modi Group in alleged tax evasion case and for offences under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act. The court has however asked Modi to seek permission of the court before leaving the country and share all addresses including international address and mobile numbers. Special judge observed that “.. no exceptional circumstance has been put forth by ...

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 ...

The court said the reply filed by the investigating officer states that the complaint against Ford India is devoid of any substance A Delhi court has granted relief to Ford India managing director Anurag Mehrotra and director David Allan Schock in a case of cheating filed by a dealer of the car maker. Additional sessions judge Raj Rani at the Rohini court, while allowing the bail application of Mehrotra and Schock on Monday, directed that “in the event of (their) arrest, applicant(s) be released on interim bail for a period of 30 days on furnishing of bail bonds in a sum of  ₹ 5 lakh”.     The judge asked them to join the investigation whenever asked by the investigating officer and not to tamper with the evidence/influence the witnesses. According to the Economic Offences Wing (EOW) of the Delhi Police, a case was filed by Libra Cars, a Ford dealer located on GT Karnal Road, New Delhi, in November last year, alleging cheating and criminal breach of trust on the...