Court says possessing beef no crime, upholds slaughter ban
Mumbai : In a significant verdict, the Bombay High Court on Friday ruled that possession of beef slaughtered outside Maharashtra would not be a criminal offence but it upheld the government's decision to ban the slaughter of bullocks in the state.
 
The ruling by a division bench comprising Justice A.S. Oka and Justice S.C. Gupte came on a bunch of petitions challenging the provisions in the Maharashtra Animal Preservation (Amendment) Act which stipulated penal action even for possession of beef brought from outside the state.
 
Accordingly, while slaughter of bullocks would not be permitted, the court has permitted the import and consumption of beef from other states to Maharashtra.
 
The President had granted assent to the Maharashtra Animal Preservation (Amendment) Act, which prohibited slaughter of bulls and bullocks as well as possession and consumption of their meat in the state.
 
The Act stipulated a five-year jail term and Rs.10,000 fine for slaughter of bulls or bullocks and one-year imprisonment and Rs.2,000 fine for possession of its meat.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Ranbaxy's original promoters fined Rs.2,500 crore on Daiichi sale
New Delhi : The original promoters of home grown pharma major Ranbaxy Laboratories, that has since changed hands twice, have been slapped with a fine of Rs.2,562.78 crore by a Singapore arbitration court for allegedly misrepresenting facts during the stake sale to Daiichi Sankyo.
 
RHC Holdings, which has as directors industrialist brothers Malvinder Mohan Singh and Shivinder Mohan Singh and figures among the parties that were taken to the arbitration court, said legal opinion was being sought to go on appeal.
 
"All the parties to the arbitration are bound by confidentiality obligations as part of the arbitration proceedings," RHC Holdings said in a letter to BSE, adding the disclosure was being made as per the statutory requirements of India's markets watchdog.
 
Daiichi Sankyo, which had acquired Ranbaxy from the original promoters in 2008, faced a lot of heat in the US over misrepresentation of manufacturing processes at the Indian plants. In 2014, it decided to sell the Indian company Sun Pharma in a deal valued then at $3.2 billion.
 
A 35 percent stake in Ranbaxy had been bought by Daiichi for $4.2 billion.
 
The Singapore court was moved after Daiichi had decided in 2013 to pursue legal options.
 
"Daiichi Sankyo continues to support Ranbaxy in its efforts to address and correct the conduct of the past which led to the investigations by the US Department of Justice and the US Food and Drug Administration," the company had said in a statement.
 
"Daiichi Sankyo believes that certain former shareholders of Ranbaxy concealed and misrepresented critical information concerning US DOJ and US FDA investigations," the company added and declined further comment.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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