SC Stays Criminal Proceedings Against Former Wipro Chairman Azim Premji and Others
4 years ago

SC Stays Criminal Proceedings Against Former Wipro Chairman Azim Premji and Others

News 18  

The Supreme Court on Friday stayed criminal proceedings against former chairman of Wipro, Azim Premji, and his wife on their plea seeking quashing of the summons issued by a Bengaluru trial court on a frivolous and mischievous complaint filed by an NGO alleging breach of trust and corruption in merger of three firms with a Premji group firm. Premji and others have challenged the High Court order of May 15 which had rejected their pleas for quashing of the January 27, summons issued by the trial court. Rao in his appeal has said that the record clearly shows that complainant is linked to one R Subramanian-former promoter and director of a company known as Subhiksha Trading Services Ltd., which is a defaulter of Azim Premji's companies and complaint under section 138 of the Negotiable Instruments Act is pending against it. The complainant India Awake for Transparency had alleged that Azim Premji, Yaseem Azim Premji and Pagalthivarthi Srinivasan were entrusted with the dominion over the properties and assets of three companies Vidya Investment and Trading Company Private Limited, Regal Investment and Trading Company Private Limited and Napean Investment and Trading Company Private Limited as directors.

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History of this topic

SC dismisses Sebi’s ₹25 crore penalty plea against Mukesh Ambani in RPL share manipulation case
1 month, 1 week ago

SC dismisses Sebi’s ₹25 crore penalty plea against Mukesh Ambani in RPL share manipulation case

Live Mint  

The Supreme Court on Monday dismissed a plea by the Securities and Exchange Board of India to impose a ₹25 crore penalty on Mukesh Ambani, chairman and managing director of Reliance Industries Ltd, over alleged share manipulation involving Reliance Petroleum Ltd in November 2007. A two-judge bench of Justices J.B. Pardiwala and R. Mahadevan agreed to hear Sebi's broader case …

Madras High Court Reserves Judgment On Former Minister SP Velumani's Petitions Seeking Quashing Of FIRs In Corruption Case
2 years, 1 month ago

Madras High Court Reserves Judgment On Former Minister SP Velumani's Petitions Seeking Quashing Of FIRs In Corruption Case

Live Law  

The Madras High Court on Tuesday reserved its decision on the pleas moved by former AIADMK Minister SP Velumani for quashing of the FIRs alleging irregularity in grant of contracts during his tenure. The bench of Justice PN Prakash and Justice RMT Teeka Raman, that deals with cases relating to MPs and MLAs, reserved the judgment after hearing the counsel …

Prosecution Under Karnataka Control Of Organised Crime Act Can't Be Sustained When Proceedings For Predicate Offences Quashed: High Court
2 years, 2 months ago

Prosecution Under Karnataka Control Of Organised Crime Act Can't Be Sustained When Proceedings For Predicate Offences Quashed: High Court

Live Law  

The Karnataka High Court has made it clear that when criminal proceedings for predicate offences are quashed, the prosecution initiated under the Karnataka Control of Organised Crime Act, 2000 cannot be sustained. The offences under the IPC and or any other enactment being a predicate offence for the purpose of exercise of powers under Section 24 and or Section 3 …

Supreme Court Lauds Azim Premji For Pardoning Person Who Filed Over 70 Frivolous Cases Against Him
2 years, 9 months ago

Supreme Court Lauds Azim Premji For Pardoning Person Who Filed Over 70 Frivolous Cases Against Him

Live Law  

The Supreme Court recently lauded the "constructive view" taken by ex-Wipro Chairman Azim Premji in forgiving one R Subramanian, who through his companies had filed more than 70 "misconceived" cases against Mr.Premji and his associates.A bench comprising Justice Sanjay Kishan Kaul and MM Sundresh allowed the appeals filed by Mr.Azim Premji and his wife Ms.Yaseem Azim Premji to quash. The …

Supreme Court Issues Directions For Faster Disposal Of Contempt Case Against NGO For Filing Frivolous Cases Against Azim Premji
3 years ago

Supreme Court Issues Directions For Faster Disposal Of Contempt Case Against NGO For Filing Frivolous Cases Against Azim Premji

Live Law  

Expressing dismay at the methods adopted by the NGO "India Awake for Transparency" to delay the hearing of the contempt case against it in the Karnataka High Court for filing multiple petitions on the same cause of action against Wipro founder Azim Premji, the Supreme Court has issued a slew of directions to ensure the faster disposal of the contempt …

Supreme Court Extends Stay On Criminal Proceedings Against Azim Premji & Wife
3 years, 2 months ago

Supreme Court Extends Stay On Criminal Proceedings Against Azim Premji & Wife

Live Law  

The Supreme Court today extended the interim order of stay on the criminal proceedings before the court of an Additional City Civil and Sessions Court, Bengaluru, against WIPRO's founder Azim Premji, his wife and others on a private complaint over allegations of illegally transferring crores of rupees worth assets from three companies into a private trust and newly formed company. …

"Orders Passed By This Court Be Brought In Notice Of High Court": Supreme Court in Suraz India Trust Contempt Case
3 years, 7 months ago

"Orders Passed By This Court Be Brought In Notice Of High Court": Supreme Court in Suraz India Trust Contempt Case

Live Law  

Supreme Court has on Thursday been informed by the State of Rajasthan that the High Court has issued an interim order in favour of Rajiv Dhaiya, chairperson of NGO Suraz India Trust granting a stay on his transfer by the government. The Bench had on 12th April called for an affidavit from the state of Rajasthan disclosing the nature of …

'Abuse Of Process' : Karnataka High Court Dismisses Petition Seeking Criminal Action Against Azim Premji Under RBI Act
3 years, 11 months ago

'Abuse Of Process' : Karnataka High Court Dismisses Petition Seeking Criminal Action Against Azim Premji Under RBI Act

Live Law  

The Karnataka High Court has dismissed a petition filed by a not for profit company named "India Awake for Transparency", challenging an order of the magistrate court dismissing its private complaint seeking directions to Reserve Bank of India to register a case against Wipro founder Azim Premji and others under the Reserve Bank of India Act. Further, it was said …

Supreme Court Stays Criminal Proceedings Against Azim Premji And Wife Over Merger Of Companies
4 years ago

Supreme Court Stays Criminal Proceedings Against Azim Premji And Wife Over Merger Of Companies

Live Law  

The Supreme Court on Friday issued notice on WIPRO founder Azim Premji's petition questioning summons issued by an Additional City Civil and Sessions Court in January on a private complaint over allegations of illegally transferring crores of rupees worth of assets from three companies into a private trust and newly formed company.The bench headed by Justice Sanjay Kishan Kaul also …

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