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Maharashtra

Diamantaire Nirav Modi’s HCL House price slashed, DRT orders re-auction in Feb

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Finding no takers for fugitive diamantaire Nirav D. Modi’s one property, its price has been slashed and the DRT has ordered its re-auction, along with certain other prime assets, in one of the cases pertaining to the Punjab National Bank (PNB) scam.

Last week, the DRT-I Recovery Officer Ajeet Tripathi put up the HCL House in Marol for e-auction — plus three other lots of properties — to recover a portion of the outstanding of a staggering Rs 22,13,16,39,411.

When it went on the block in September 2022, the unsold HCL House, comprising the entire building with the land, carried a reserve price tag of Rs 52 crore, which has now been slashed to Rs 40 crore, as per the DRT-I announcement.

Besides, the DRT-I has put on the auction block other assets of Modi, including Offices No. 2001-2002 on the 20th floor of the posh Peninsula Park B in Lower Parel with a reserve price of Rs 66 crore, plus over Rs 1.72 crore outstanding maintenance dues till December 2021.

Another property of Modi, the 6th floor of the Mafatlal Centre in Nariman Point along with four parking slots will also go under the e-hammer with a reserve price of Rs 62 crore, besides unpaid maintenance charges for five years coming to over Rs 1.17 crore till May 2022.

Modi’s huge residential 4-BHK flat in Grosvenor House at Peddar Road is going up for auction sale with a reserve price of Rs 15.87 crore, further details of which are not available. Modi also has another address in the prestigious Al Shera Towers, Dubai.

The encumbrances or outstandings on HCL House and Grosvenor House are not known and all the properties shall be auctioned off on the basis of ‘as is where is’ and ‘as is what is’.

The e-auction is scheduled for February 10 — a week after the DRT-I ordered the sale of Modi’s two tony flats in the YOOPUNE housing scheme in Pune, valued at a total of Rs 18 crore, on February 3.

In the fresh auction list concerning PNB versus Firestar International Ltd, the names figuring are Modi and his group companies like Bentley Properties Pvt. Ltd., MAK Business Enterprises Pvt. Ltd., ANM Enterprises Pvt. Ltd., NDM Enterprises Pvt. Ltd., Neeshal Trading Pvt. Ltd. — all operating from a common address at Opera House.

The other companies are: Firestone Trading Pvt. Ltd., Paundra Enterprises Pvt. Ltd. and Radashir Jewellery Co. Ltd. — all registered in a single address at the Bharat Diamond Bourse (BDB) in Bandra Kurla Complex.

The February 3 and 10 e-auctions may help the PNB and a consortium of around 15 banks to recover a miniscule portion of massive dues, pending since the past five years after the country’s mega-banking scam was admitted by these banks in February 2018.

After the PNB’s complaint on the scam, estimated at over Rs 14,000 crore, the Central Bureau of Investigation (CBI) registered the first offence in January 2018 — but by then Modi, his wife Ami and other accused had already fled India.

Later, other probe agencies like Enforcement Directorate (ED) and Income Tax Department (ITD) entered the picture targeting the two prime accused — Modi and his maternal uncle Mehul C. Choksi — but both had flown the coop well before the scam erupted to shake the roots of the Indian banking sector.

Later it came to light that Modi was holed up in London and Choksi has cosily settled as a citizen of Antigua & Barbuda Isles, West Indies, and both are awaiting their extradition to India — expectedly soon.

In the past, the ED-ITD had auctioned off certain movable and immovable assets — like properties, expensive paintings, artefacts, high-end vehicles, etc., — to recover small amounts of its dues.

“Proclamation of Sale under Rules 38, 52(2) of the Second Schedule of the Income Tax Act, 1961, read with the Recovery of Debts Due to Bank and Financial Institutions Act, 1993,” said the latest DRT-I order of January 5.

Maharashtra

Maharashtra: Nearly 10 Women Injured After Fireworks Misfire During Ganpati Visarjan In Nagpur;

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Nagpur: A major accident occurred during Ganpati Visarjan in Nagpur’s Umred area on Thursday night. The incident took place during the visarjan ceremony, which was accompanied by a large crowd and heavy fireworks. According to reports, while the fireworks were going off, sparks unexpectedly flew toward several people, leading to chaos. Local media reports confirmed that eight to ten women suffered burns as a result of the firework mishap.

Video Shows Terrifying Scenes

A video of the event has surfaced online, showing the moment when the fireworks went viral on social media. In the video shared on YouTube by news channel, one can see the celebration including the sound of drums and other instruments being played, but suddenly, fireworks erupt, filling the air with smoke. Panic ensues as people realise the danger and the women caught in the chaos try to escape.

a procession by the ‘Sivasneh Ganesh Mandal’ (a community group) was making its way to the Shri Krishna temple amid fireworks when the accident happened. According to eyewitnesses, a mandal member was bursting firecrackers when some flew off and exploded among those gathered to watch the procession, triggering a stampede-like situation.

Injured Women Rushed To Hospital

The suddenness of the event caused panic, especially in the densely packed crowd. People started running in all directions, creating a chaotic atmosphere. The injured women were immediately taken to the hospital, where they are receiving treatment for their burns. The police have stated that an investigation into the incident is underway.

Case Filed Against Mandal Workers

seven women suffered injuries after being struck by burning embers and were rushed to a local hospital. Four of them are reported to be in critical condition, confirmed an official from Umred police station. A case has been registered against the mandal workers under the Bharatiya Nyaya Sanhita and Maharashtra Police Act

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Maharashtra

Mumbai: BEST Bus Conductor Injured After Being Stabbed During On-Duty Robbery Attempt At Dharavi’s Pila Bungalow; Accused Arrested

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Mumbai: A BEST bus conductor, Ashok Dagale was attacked by unidentified individuals while on duty on bus route number 7 at Dharavi’s Pila Bungalow stop on Thursday, September 19. The attackers assaulted him with the intent of robbery. He has since been admitted to the intensive care unit (ICU) at Sion Hospital, where he is currently receiving treatment for his injuries.

BEST Kamgar Sena Condemns Attack On Conductor

BEST Kamgar Sena President Suhas Samant is scheduled to visit Dagale at the hospital today. Expressing his outrage over the attack, Samant condemned the incident and criticised the government’s failure to maintain control over such criminal activities.

He voiced his frustration with the functioning of the state’s Home Department, stating that the government, including the Chief Minister and Deputy Chief Minister, is more focused on winning elections rather than addressing the concerns of Maharashtra’s citizens.

Accused Arrested Swiftly By Police

In response to the attack, the police have arrested the accused, Shahbaz Khan, and recovered a mobile phone and knife from him. This swift action by the authorities has provided some relief, but the incident has sparked broader concerns about the safety of public workers, especially those in critical roles like bus conductors.

The attack on Dagale has raised questions about the lack of security measures in place for bus staff, who are often exposed to such risks during their duties. The BEST Kamgar Sena, led by Samant, is pushing for more stringent protection for workers and increased accountability from the government. As Dagale continues to receive treatment, the union and the public at large await further action from the authorities to ensure such incidents do not recur in the future.

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Maharashtra

Panvel: 3 Vehicles Collide, 1 Dead, 2 Injured In Major Accident On Mumbai Pune Expressway

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Mumbai: In another fatal accident on the Mumbai Pune Expressway, on Friday early morning three vehicles collided against each other, overturing a truck and mangling a car. As per reports, one passenger was killed on the spot and two others were severely injured.

The video of the horrifying accident has surfaced on the internet. The incident took place in Panvel.

In the accident, a truck, a tanker and a car smashed on one another. It is said that all the three vehicles were in high speed which lead the truck to overturn and crush the car.

The Panvel police, highway traffic police, ambulances and other concerned authorities reached the spot immediately. The injured are taken to a nearby hospital. As per initial information, the accident occurred on Pune lane of the expressway.

So far, the police have not informed the identification of the victims. The exact time of incident is not clear. Intestigations are underway.

Recent Accident

On July 16, a bus carrying 54 people collided with a tractor and plunged into a ditch on the Mumbai Pune Expressway. The mishap claimed five lives and left 46 injured.

Chief Minister Eknath Shinde later announced Rs 5 lakh compensation for the kin of the deceased and free treatment for the injured.

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