Former Religare CMD Sunil Godhwani denied bail in ₹2,300 crore cheating case
The Hindu
The court said that economic offences are considered to be grave, especially when public money is involved.
A Delhi court has denied bail to Sunil Godhwani, former chairman and managing director of Religare Enterprises Limited (REL), in a case related to alleged misappropriation of funds, noting the seriousness of allegations, loan amount involved and his role in the transactions.
The court said that economic offences are considered to be grave, especially when public money is involved and courts have to be careful in granting bail in such cases.
According to prosecution, Godhwani and others had put Religare Finvest Limited (RFL), a group firm of REL, in poor financial condition by disbursing loans to entities having no financial standing. Those entities then allegedly willfully defaulted in repayments and caused wrongful loss to RFL to the tune of ₹2,397 crores.
Minister Thiaga Rajan emphasizes role of educational institutions and start-ups in Tamil Nadu's $1 trillion economy vision.
School Education Minister emphasizes zero tolerance for sexual abuse in schools, implementing strict measures for prevention and punishment.
Congress’ demand comes amid an ongoing controversy that the U.S. government aid agency had been funding campaigns to increase voter turnout in India. President Donald Trump had questioned USAID’s alleged expenditure of $21 million for ‘voter turnout’ in India
Narayana Hospitals in New Town, Kolkata, to receive ₹1,500 crore investment, creating 10,000 jobs and expanding bed capacity.
Residents of Dindigul Corporation wards protest for patta, led by CPI(M) against authorities' inaction, demanding land ownership rights.
Kerala accident victim's organ donation saves lives in multiple cities, highlighting military-civilian medical collaboration.
Experience spellbinding renditions of rare Raag Gowri and Raag Khokhar by Mithun Chakravarty and Ustad Bahauddin Dagar at BEM High School.
Andhra Pradesh Police excels at All India Police Duty Meet, winning multiple medals in various categories.
Madras High Court examines legality of caste-based associations under Societies Registration Acts, aiming for a casteless society.
Noted academicians took out a protest rally to the Secretariat under the banner of All India Save Education Committee (AISEC) against the Draft UGC Regulations, 2025, on Thursday.
Centre allocated ₹1.08 lakh crore to Telangana in this year’s budget, says Union Minister Bandi Sanjay Kumar
Three residents of Manipur were arrested for allegedly trafficking opium sourced from the border areas of Myanmar, converting it to heroin in Manipur’s Thoubal, and supplying it to the Delhi-NCR area, police said
Uday Vijayan's activism with Beyond Carlton has improved fire safety measures, but gaps remain in comprehensive planning and victim support.