Connect with us
Wednesday,23-July-2025
Breaking News

Maharashtra

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

Published

on

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

Online Gaming Ban: Maharashtra CM Devendra Fadnavis Mulls Shutdown Of Online Gaming Due To Rise In Suicide, Scams, And Crimes

Published

on

Maharashtra Chief Minister Devendra Fadnavis is calling for a complete ban on online gaming within the state, citing alarming spikes in addiction, financial ruin, crimes, and suicides linked to real-money gaming. Fadnavis confirmed to the assembly that he has written to Union IT Minister Ashwini Vaishnaw and is working closely with the Centre, stressing that current IT rules are insufficient to curb harm.

In the Assembly, Fadnavis said that he has written to the Centre, urging it to regulate or ban online real money gaming. “The Centre has jurisdiction over online gaming regulation because the majority of these platforms are hosted outside of India. We are committed to working closely with the Union government to combat this growing threat,” he was quoted as saying in reports. 

In recent years, online gaming has spawned a web of distressing cases. In one gut-wrenching example, a man in Dharashiv allegedly sold his land, poisoned his pregnant wife and 2-year-old, and then took his own life after falling into crippling losses from online rummy.

Another tragedy from Pimpri‑Chinchwad involved a 16‑year‑old boy who leapt from a 14th‑floor balcony after succumbing to gambling addiction.

Cyber fraud tied to gaming is also soaring. In Mohali, police uncovered an Rs. 18 crore online-gaming fraud syndicate that entrapped people through fake WhatsApp pitches, with eight arrested . In Mumbai’s Navi Mumbai, a businessman lost Rs. 2.74 crore to online betting over two years—prompting a police FIR.  

Fadnavis warned that unchecked gaming platforms are “a new-age addiction” fuelling mental health crises and criminal activity, calling for a crackdown on celebrity endorsements that glamourise gambling

With nearly 97 illegal betting cases since 2023—including dozens in Mumbai—the state’s cyber police have intensified searches, training 3,000 officers, opening 50 cyber labs, and launching helpline services 1945/1930, though admits only central legislation can truly shut down offshore platforms.

Continue Reading

Maharashtra

Mumbai Road Accident: 36-Year-Old Kurla Biker Killed In Sion Flyover Crash As Car Comes From Wrong Side

Published

on

Mumbai: A 36-year-old resident of Kurla, Suhel Shakil Ansari, lost his life on Sunday morning after the motorcycle he was riding pillion on was struck by a car allegedly driving on the wrong side of the Sion flyover. The vehicle was being driven by a 75-year-old senior citizen, who was later served a notice by the police and allowed to leave the scene.

According to officials, the incident occurred around 10:45 am while Suhel and his friend Abu Faizan Ehsaanhul Haq Ansari were returning home from Marine Drive. Abu was riding the bike, as reported by Hindustan Times.

According to the report, a police officer mentioned that, “When they reached the Sion flyover, their motorcycle collided with a car being driven on the wrong side of the road. The flyover doesn’t have a divider, and the car suddenly came into their lane and hit them.”

Suhel sustained severe injuries and was bleeding from the nose and mouth. He was rushed to Sion Civic Hospital, where doctors declared him dead. Abu suffered leg injuries, according to the officials.

The police identified the car driver as Chandulal Jain, 75, a Byculla resident. He has been booked under Sections 106(1) (causing death by negligence), 125(b) (endangering life or personal safety of others), and 281 (rash or negligent driving) of the Bharatiya Nyaya Sanhita, along with Section 184 (dangerous driving) of the Motor Vehicles Act. A notice was served to him, and he was permitted to go, said the officer.

Continue Reading

Maharashtra

Mumbai: Ola, Uber Strike To Resume On Wednesday Noon As Cab Drivers’ Demands Remain Unaddressed

Published

on

Mumbai: The Ola and Uber driver strike in Mumbai, suspended until Tuesday, is set to resume on Wednesday if the Maharashtra government fails to address their demands.

The strike was initially called off on Saturday, allowing the government to respond to issues like fare rationalisation, the establishment of a welfare board for drivers, and restrictions on new permits. The Maharashtra Gig Kamgar Manch confirmed that the strike is merely suspended and will restart if demands remain unmet.

Key driver demands include:

Drivers advocate for fare alignment with traditional taxis.

A financial and legal support board for app-based cab drivers is requested.

There’s a push to limit new cab and auto-rickshaw permit issuance.

Protections under the Maharashtra Gig Workers’ Act for taxi workers are sought.

A review of aggregator platform operations regarding surge pricing and driver ID blocking is desired.

If unresolved by the deadline, drivers plan an escalated protest on Wednesday. According to a report, passengers have been asked to de-board in various locations across Mumbai due to the impending strike. A cab driver from Navi Mumbai highlighted their demand for a fixed rate per kilometre, contrasting current inconsistent rates with a previously established government-fixed rate of Rs 32 per km for AC taxis.

Cab unions have discussed these concerns with Maharashtra Transport Minister Pratap Sarnaik, who has promised a solution within 15 days. Nevertheless, drivers remain skeptical, recalling previous unfulfilled promises. Sarnaik acknowledged the reasonableness of the demands and assured adjustments in policy would be made.

Continue Reading

Trending