The two approached the apex court after being asked by the Delhi High Court to seek a clarification whether the special court can conduct a trial of companies which are not charged under the PCA in the case arising out of the probe in the 2G spectrum scam case
New Delhi: Essar and Loop, charge-sheeted along with its promoters, today moved the Supreme Court challenging the criminal proceeding against it before the special Central Bureau of Investigation (CBI) court in the second generation (2G) case, reports PTI.
They submitted before a bench headed by justice GS Singhvi that the proceedings against them should be conducted before a magistrate as the companies and their officials are not charged under Prevention of Corruption Act (PCA) like other accused in the multi-crore scam.
“I have a right to say that I be heard in the court of magistrate as there is no charge against me under PCA,” senior advocate Harish Salve, appearing for the Essar group, said.
The two approached the apex court after being asked by the Delhi High Court to seek a clarification whether the special court can conduct a trial of companies which are not charged under the PCA in the case arising out of the probe in the 2G spectrum scam case.
At the outset, the bench observed that its order for conducting the trial in the case was very clear.
“The high court should have read the order. It is very clear,” the bench said and objected to the appeal filed on the issue and asked the company to ‘avail’ proper remedy available to it.
Mr Salve then submitted that he would file an interim application and sought adjournment.
The court then listed the matter for hearing on 17th February.
Meanwhile, the CBI, which had also filed an application for clarification on the issue, withdrew its plea.
The dues are pending since Champions Trophy in 2006 and IPL matches played in 2011 and it appears like the Rajasthan police are unable to take action against its own debtors
Rajasthan Cricket Association (RCA) and Rajasthan Royals, the state’s franchise for the Indian Premier League (IPL), are yet to cough up Rs4.5 crore and the interest thereupon as security charges to Jaipur Police.
Reply to an RTI application by Subhash Chandra Agrawal reveals that since Champions Trophy in 2006, RCA has refused to pay for the security arrangements. However, another confusing entry shows that Rs50 lakh is due, which may be for security arrangements for IPL matches played in Jaipur in 2011.
As per the information given by PIO of Jaipur Police, for six days during the 2006 Champions Trophy 11th, 13th, 15th, 17th and 21st of October and 2nd November, RCA was billed Rs1.14 crore for security arrangements. The Cricket Association is to pay Rs17.87 lakh for a one day international played against South Africa on 21 February 2010, Rs83.60 lakh for three IPL matches played in the Sawai Mansingh Stadium in 2010, Rs2.2 lakh for an India-New Zealand ODI on 1 December 2010 and Rs1.79 crore for all matches hosted at Sawai Mansingh Stadium during the 2011 season of the IPL. The total dues against RCA stands at Rs3.98 crore.
However, the PIO also included details of dues owed against Rajasthan Royals, but it is not clear as to for what purpose. The table lists names of eight IPL teams, Kochi Tuskers, Chennai Super Kings, Kolkata Knight Riders, Royal Challengers Bengaluru, Pune Warriors, Mumbai Indians, Delhi Dare Devils and Rajasthan Royals, and shows some amount as dues pending. The dates mentioned in another column of the table indicate the dues were incurred during 2011 season of the IPL. The table looks like charges for security for the seven matches played in Jaipur. However, the total amount of Rs50.99 lakh has been billed to Rajasthan Royals.
Since long, Jaipur Police and the state Cricket Association have been exchanging written and verbal communication over the issue of unpaid bills for the Champions Trophy held in 2006. Rumours say that police had prepared the bills only as paperwork, since IPL’s former chief Lalit Modi shared good rapport with Rajasthan’s the then chief minister Vasundhara Raje and may have availed the services for free.
However, during the audits, the matter gained prominence, and Japipur Police demanded payment from the Cricket Association. The Association however refused to pay any money saying that all charges were supposed to be paid by Mr Modi and not by them.
When Mr Modi was the chief of the IPL his rivals used to talk about unpaid dues to Police. Now, Mr Modi is neither associated with the Cricket Association nor with the IPL and most key posts of RCA are now occupied by his opponents. And yet, they have kept mum on the dues issue forgetting that they themselves had raised the issue when they were on opposition benches at the Association.
Commenting on the fiscal year 2012-13, commerce secretary Rahul Khullar said that due to reasons like prevailing uncertainty in the US and Europe economy, that year would also be difficult for India’s exports
New Delhi: India’s exports growth rate recorded a marginal increase in January over the previous month with the overseas shipments expanding by 10.1% year-on-year to $25.4 billion despite weak demand in the western markets, reports PTI.
Pushed by expensive crude oils and vegetable oils, imports grew at a faster rate of 20.3% to $40.1 billion, leaving a trade deficit of $14.7 billion, commerce secretary Rahul Khullar told reporters here while giving provisional figures on Thursday.
The shipments had grown by 6.7% year-on-year in December 2011.
According to Mr Khullar, the problems in the US and Europe are clearly weighing down on the country’s exports.
From a peak of 82% in July 2011, export growth has slipped to 44.25% in August 2011, 36.36% in September 2011 and 10.8% in October last year.
But, for the cumulative April-January period, exports aggregated to $242.8 billion showing a healthy growth of 23.5%, thanks to sterling trend witnessed in the previous months of the current fiscal.
“What you are looking at now, is exports for the fiscal of around $300 billion, imports at about $460 billion with a balance of trade of about $160 billion,” he said.
A steady rise of 29.4% in imports for the ten-month period to $391.5 billion has left trade gap widening to $148.7 billion.
“Imports are still buoyant because of high prices of crude oil and vegetable oil... trade deficit is large but my guess is that it will narrow down in the next two months,” he added.
Exporting sectors which registered healthy growth in April-January include engineering and petroleum.
Engineering and petroleum exports grew by 21% and 51.1% to $49.7 billion and $48.9 billion, respectively.
Gems and jewellery exports increased by 33% to $37 billion, readymade garments by 21.5%, electronics by 13.4%, drugs by 21.1%, leather by 23.4% and marine products by 31.6%.
On the other hand, imports of petroleum products increased by 38.8% to $117.9 billion, gold and silver by 46.6% to $50 billion, machinery (25.8%), electronics (22.9%), coal (69%), iron and steel (12%), ores and scraps (43.9%).
Commenting on the fiscal year 2012-13, Mr Khullar said that due to reasons like prevailing uncertainty in the US and Europe economy, that year would also be difficult for India’s exports.
“Consumers and investors confidence are also not booming.
My fiscal room for manoeuvre has gone. You have a tight fiscal situation, which is going to give you sops. If you will manage 20% growth in 2012-13, it will be damn good,” he said.
For the current fiscal as well, he said at time when the forecast for global trade growth is in single digit, India’s exports growth is good.
FIEO president Rafeeque Ahmed too said that these figures clearly indicate that 2012 would be a difficult year for exports in view of growing uncertainty in the Eurozone, slacking of demand in other advance economies and third country effect on our exports to emerging economies.
Mr Ahmed suggested the government to provide interest subvention of over 3% to bring the export credit at affordable rates.