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

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
Mumbai drivers should be given 25% discount on purchase and conversion of electric vehicles: Raees Shaikh

Mumbai: Samajwadi Party MLA from Bhiwandi East Raees Shaikh has written a letter to the state transport department on the draft Motor Vehicle Aggregators Rules, 2025, suggesting that drivers be given a 25 per cent subsidy on the cost of converting to an electric vehicle (EV) and it should be provided from the Driver Welfare Fund. The transport department had published the draft rules in this regard on October 9 and the last date for submission of suggestions and objections is October 26.
MLA Raees Shaikh said that to increase the income of drivers, the daily working hours limit should be increased, passengers should be given a fixed period to cancel the ride without being charged a fine, a government grievance redressal portal should be created, delay compensation should be given to passengers, medical and psychological tests of drivers should be conducted and regular testing of GPS should be done from funds.
Raees Shaikh, in a letter to the Transport Commissioner, suggested a phased transition to EVs to promote sustainable transport in draft Rules 18 and 20. Since drivers will not be able to bear the heavy costs, these changes will be possible if a 25% subsidy is provided through the Driver Welfare Fund. Raees Shaikh has suggested major changes in the ride cancellation policies under Rule 17. Passengers should be fined only if the driver comes within 200 meters of the pick-up point. In addition, passengers should be given a grace period of 2-3 minutes to cancel after booking without any fee.
The cost of fines due to software glitches or GPS errors should be borne by the aggregators, not the drivers. In case of vehicle malfunction, passengers should be refunded 10% of the fare if there is a delay beyond the permissible limit. MLA Raees Shaikh has recommended that there should be a government portal for complaints that are not resolved for more than seven days.
On driver welfare under Rule 10, Raees Shaikh has insisted that the cost of mandatory medical and psychological tests should be borne entirely by the aggregators. The limit of daily working hours should be increased to 14 hours. This will help increase the income of drivers.
Maharashtra
Controversy over offering prayers at Hazrat Khwaja Shah Dargah in Pune Saniwar Wada… Hindu organizations protest, tense situation, peace maintained, police arrangements increased.

Mumbai: In the ancient historical fort of Saniwar Wada area of Pune, Muslim women offered Friday prayers in the premises of the shrine of Hazrat Khwaja Syed Shah (may Allah be pleased with him), after which the police have registered a case against the three prayers and started an investigation. A conspiracy has started to give this incident a religious color. BJP MP Medha Kulkarni took out a front here to straighten out the area and demanded that a case be registered. The police have registered a case against the three unidentified women under pressure from Hindu organizations, while the situation in Pune has become extremely tense after this incident.
The video of the three worshippers offering prayers went viral on social media at the time, on this basis the police have registered a case, while in Pune, Medha Kulkarni said that offering prayers in Saniwar Wada will not be tolerated. After offering prayers in Saniwar Wada, politics has also started on it by giving it a Hindu-Muslim color. After the video went viral, a Hindu organization named Patis Pawan filed a written complaint and the police have registered a complaint on the complaint of Ishwar Babban Kode. The accused have not been arrested yet. There is a fear that Hindu organizations will once again stage a protest in Saniwar Wada. After rejecting the protest, sectarians led by Medha Kulkarni raised slogans of Jai Shri Ram and hoisted saffron flags on the dargah’s lattice. Not only that, Siddhi Karan was performed outside the premises and Gautam Buddha was sprayed. The situation is peaceful, but tension remains. This dargah is under the influence of the Waqf Board and now Hindu organizations have also started demanding the removal of this shrine. The police have issued an alert after this incident and have increased the arrangements.
Maharashtra
“Mumbai Deepfake Fake Video Share Trading Fraud Interstate Gang Uncovered ; 4 arrested”

Mumbai: The Cyber Cell of Mumbai Crime Branch has claimed to have busted an inter-state gang that was trying to lure investors into investing in the share market by creating fake and deepfake videos of experts on a renowned business news channel. The complainant is a registered analyst with SEBI. On September 29, 2025, an attempt was made to lure investors into investing in the share market by using his fake deepfake video on social media. The complainant is a share trading expert and also works for various companies. An attempt was made to deceive him by creating a deepfake video on his Instagram. When the complainant got the information, he filed a complaint against him at the Cyber Police Station. When the investigation was started, his trace was found in another state. The accused were working as an inter-state gang. The accused were arrested from Bengaluru, Karnataka. The accused have been identified as Jijel Sebastian, 44, of Bengaluru, Dipane Tapan Banerjee, 40, of Karnataka, Daniel Arudha is 25 years old from Bengaluru, and Chandrashekhar is 42 years old. This interstate gang has created deepfake accounts on social media including Facebook to lure big companies into share trading and has cheated ordinary citizens and companies on deepfake social media accounts to prepare companies for fraud and has violated the terms and conditions of the share market company. This gang has created fake accounts several times. The accused have created a Facebook ID in the name of Wellelip India Services Private Limited and received 30 million Indian currency in Dubai currency from a Chinese citizen in the name of investment. In India and Mumbai, fraud is being committed in the name of share trading under the guise of deepfake and fake videos. Therefore, creating such fake videos on social media and committing fraud is a serious crime and action will be taken against it. This action has been taken by the Cyber Cell of Mumbai Crime Branch here on the instructions of Mumbai Police Commissioner Deven Bharti. DCP of Mumbai Cyber Crime Parshottam Karad said that this action has been taken in the case of cyber fraud and this interstate gang has created fake accounts on social media. Fraud was committed by creating an account, so there is a need to be alert during share trading. Cases of creating deep fake accounts of famous companies have come to light. Attempts to commit fraud are being made by creating fake accounts of famous companies on Instagram and Facebook. Therefore, verification is mandatory before share trading. Before share trading, one should invest in the share market only after consulting an authentic and experienced SEBI officer and expert. Do not trust social media and avoid investing on the basis of calls and SSMs on social media. This poses a risk of fraud. So far, the police have registered more than 600 cases of share trading, in which fraud of Rs 400 crore has been committed and in many cases, money has been recovered and frozen from the bank account. These accused also used to create deep fake videos with the help of AI.
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