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India sees more startups encashing Esops in 2024 in pre-IPO, secondary deals

The Ghaziabad Police on Saturday arrested three members of an inter-state gang from Vijay Nagar for stealing cheques from drop boxes of different bank branches and encashing them later by forgery, officers said on Sunday, adding that they unearthed 31 cases linked to the gang across states. The gang members used to lure poor and needy people, and open bank …

Chandigarh bank fined for encashing FDR without account holder’s consent

The district consumer disputes redressal commission penalised a city bank for encashing the fixed deposit receipt at lower rate of interest and without the customer’s consent and wish. In its reply, the bank stated that in December 2022, the complainant insisted on knowing the exact closure proceeds amount of one FDR along with rate of interest on the pretext that …

The Bharat Rashtra Samithi has emerged as the fourth largest recipient of electoral bonds encashing ₹1,214.6 crore. Similarly, Aparna Farms and Estates LLP donated ₹15 crore to the BRS and another ₹15 crores to the Congress party which is ruling the State now. One of the surprise donors is the Chennai Green Woods Private Limited that donated ₹50 crore to …

India will blacklist green energy developers who don’t complete renewable energy projects which was awarded to them within the prescribed time frame, along with encashing their bank guarantee, said two officials aware of the development. These are in accordance with the General Financial Rules of the Government and apply to all tenders/bids.” The government’s order comes at a time when …

What Is Govt's Control On Use Of Money After Encashing Electoral Bonds? Supreme Court Asks

For Wrongfully Encashing Cheque of Rs 2,242 in 1994, Man Agrees to Pay Rs 55 Lakh

For wrongfully encashing a cheque of Rs 2,242.50 in 1994, a man has been made to cough up Rs 55 lakh while he endeavours to get off the hook. The Supreme Court has agreed to consider dropping criminal charges against Mahendra Kumar Sharda but not before he conceded to pay Rs 5 lakh as penalty for using more than two …

Vodafone Idea Chairman Kumar Mangalam Birla on Tuesday met Telecom Secretary Anshu Prakash amid reports that the government may look at encashing bank guarantee over default in payment of adjusted gross revenue-related dues. Following the Supreme Court’s February 14 order, that asked the managing directors and directors of the companies to show cause as to why contempt proceedings should not …

Airtel, Voda Idea make part payment, DoT mulls encashing bank guarantees

In a relief to Reliance Communications Ltd, the Supreme Court on Tuesday dismissed the appeal filed by Central Government against the order of Telecom Disputes Settlement & Appellate Authority directing refund of around Rs 104 crore to telecom company. The TDSAT had on December 21, 2018 directed the Centre to return around Rs 104 crore after encashing bank guarantee of …