In an FIR, the CBI has named two Mumbai-based private firms CARE Rating Ltd and Infrastructure Development Finance Co Ltd, and two former officials of UIIC — deputy general manager A Balasubramanian and chief manager K L Kunjilwar.
A local court granted bail to two directors of Deccan Chronicle Holdings Limited (DCH) in a cheque bounce case on a surety of Rs 1.5 lakh each. The court of Civil Judge (Junior Division) announced the decision on Thursday. The two directors had earlier been directed by the Punjab and Haryana High Court to appear […]
The Chandigarh police today arrested the former director of Deccan Chronicle Holdings Limited (DCHL),Sukumar Reddy on a complaint by Religare Finvest. Religare had lodged an FIR with Chandigarh police that DCHL had defaulted on the payment of Rs 100 crore. It stated in its complaint that two cheques of Rs 6 crore issued by Deccan […]
More than the Court,which issued warrants of arrest,and the complainant company which lodged the complaint against Deccan Chronicle,it was the two Chandigarh Police officials,it appears,who were more pained at the dishonour of the companys (Deccan Chronicle) cheque.
Two Chandigarh police officials were suspended on Saturday for proceeding on their own to arrest Deccan Chronicle Holdings Limited (DCHL) chairman T Venkatram Reddy without informing their seniors and following the proper procedure.