Delhi HC asks SBI to maintain status quo on accounts of RCom, Reliance Telecom, Infratel

Agencies

January 6, 2021

New Delhi, Jan 6: The Delhi High Court asked SBI to maintain status quo with regard to accounts of Anil Ambani's firms -- RCom, Reliance Telecom and Reliance Infratel, which have been declared by the bank as fraud accounts.

Justice Prateek Jalan passed the order on a plea by erstwhile directors of the three companies challenging a 2016 circular of the Reserve Bank of India (RBI) regarding declaration of accounts as fraud by banks.

According to the plea, the circular allows banks to declare an account as fraud without giving any prior notice or communication to the account holder against the principles of natural justice.

Their lawyers told the court that several similar petitions against the circular have been filed since 2019 and the petitioners in those matters have been protected by the high court.

In view of the orders passed earlier by the high court in similar matters, Justice Jalan directed State Bank of India to "maintain status quo till next date of hearing" with regard to the accounts of the three companies.

The court further said that the respondents, including RBI and the three companies, were at liberty to file their replies to the petition by January 11 and listed the matter for hearing on January 13.

The court further said that SBI and RBI were at liberty to take any steps in the nature of an investigation or filing of complaint proceedings against the erstwhile directors and the three companies independent of the impugned action of declaring the accounts of the three companies as fraud accounts.

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Manipur CM is mastermind behind violence; Centre lied in Supreme Court: Kuki MLAs

News Network

November 11,2024

The Manipur Kuki MLAs have released a statement calling out Solicitor General Tushar Mehta's 'lies' in the Supreme Court. In a joint statement, the MLAs, including those from the Bharatiya Janata Party, said they had not had any meeting with the Chief Minister since May 3, 2023, nor did they intend to meet him in the future as “he was the mastermind behind the violence”.

As per the MLAs, the SG lied about state CM N Biren Singh speaking to Kuki MLAs to control the situation there, in order to halt a Supreme Court probe into the leaked tapes which allege that Singh has been complicit in the violence that broke out between Kukis and Meitis there.

"We...clarify that we have never had any meeting with Chief Minister, Shri N. Biren Singh since May 3, 2023, nor have any intention to meet him in future as he is the mastermind behind the violence and ethnic cleansing of our people from the Imphal valley, which is continuing till today, the latest being the brutal killing and burning of Mrs Zosangkim Hmar on November 7, 2024," the letter read, while condemning the recent 'barbaric' killing of the woman there, and noting the SG's assertion is 'tantamount' to misleading the top court.

“We, the undersigned ten MLAs, have come to know that during the Supreme Court hearing held on November 8, 2024, the Solicitor General of India submitted that ‘CM is meeting all Kuki MLAs and trying to bring the situation down to get peace’. In this connection, we hereby categorically state that this submission is a blatant lie and tantamount to misleading the Hon’ble Supreme Court of India,” the statement said.

The Supreme Court, while hearing a petition by a Kuki organisation, asked that it submit audio tapes to substantiate its claim that the Chief Minister was instrumental in inciting and organising violence in the northeastern State.

Solicitor-General Tushar Mehta orally informed the court that the Chief Minister was meeting all the Kuki-Zo MLAs and that peace in the State had come at a huge cost.

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