HC bench recuses itself from hearing Lavasa petition

Mumbai: The division bench of the Bombay High Court today recused itself from hearing the petition filed by Lavasa Corporation against the environment and forest ministry's notice, reports PTI.

The bench of Chief Justice Mohit Shah and S J Kathawala was hearing the petition which challenged the show-cause notice issued by the ministry to Lavasa alleging that it had not secured environmental clearances before starting construction activity in the area spread over 5,000 hectares.

However, Chief Justice Shah today informed the lawyer that he will not hear the case as one of his relatives was working with a legal firm that is advising Lavasa Corporation with regard to its initial public offering (IPO).

The hearing will now resume only when the Chief Justice assigns the matter to another bench.

On 25th November, the ministry had issued a show-cause notice to Lavasa, demanding an explanation as to why it did not obtain clearances as per rules under Environment Protection Act, amended by notifications in 1994 and 2004.

It also asked the corporation, which is developing a hill station in Mulshi taluka of Pune district, to stop the ongoing construction.

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V Manickam takes over as CEO of LIC Pension Fund

LIC Pension Fund Ltd said it has appointed V Manickam as the chief executive officer (CEO) with effect from 1st December, subsequent to the retirement of Dr H Sadhak on 30th November.

A chartered accountant by qualification V Manickam started his career as a direct recruit Class-I Officer in LIC in 1983. He has held various positions notable being Head of Vellore, Chennai I & II Divisions. He has served in Maharashtra, Andhra Pradesh and Tamil Nadu. He has represented LIC in investment conference held at Hong Kong and Thailand. Prior to his appointment as the CEO of LIC Pension Fund Ltd, Mr Manickam was ED (Investment: monitoring and accounting) of LIC of India.

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Story of the largest diamond heist ever

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