Spending
Kyazoonga.com does an IRCTC act and more

Lakhs of cricket lovers who are eager to watch the last test match of Sachin Tendulkar at Wankhede Stadium are left frustrated with Kyazoonga.com, the only portal for buying tickets, crashing as soon as the booking started

Lakhs of people who are often left frustrated with the Indian Railway Catering and Tourism Corp (IRCTC)'s portal while booking rail tickets have now someone to share their grief with. Kyazoonga.com, the official ticketing partner for the 200th test match of Sachin Tendulkar crashed as soon as it opened for online booking. This has left lakhs of cricket lovers in the lurch, as there are only 5,000 tickets available online and no one has any idea if it is available or not. Many have taken the social networking route to vent out their anger and frustration against this crash. Here are some interesting tweets about the server crash at Kyazoonga.com...

 

 

Kyazoonga.com has been selected by the Mumbai Cricket Association (MCA) for selling online tickets of the test series between India and West Indies. Kyazoonga.com is allowed to sell 5,000 tickets priced at Rs500, Rs 1,000 and Rs2,500 for this special test match. An individual can book only two tickets online through the portal. The seating capacity of Wankhede Stadium is 45,000.

 

This test match, which begins on 14th November at Mumbai will see cricketing legend Sachin Tendulkar bidding adieu to the game of cricket. This will be the master blaster’s 200th and final test match.

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Hiranandani, a loan defaulter

The Bombay High Court has ruled that prima facie Hiranandani Palace Gardens has defaulted on loan repayment to Tata Capital Financial Services and asked it to disclose all its assets, in an interim order. Tata Capital had filed a winding-up petition against Hiranandani Palace Gardens, which has undertaken township projects in Chennai and at Panvel near Mumbai, over alleged default of term loan worth Rs76 crore. The lender has demanded liquidating the firm. The developer has accepted that it will file an undertaking in the Court that it will not create any third-party rights in respect of mortgaged properties and it will also not further encumber other properties without the Court’s permission. The developer defaulted on loan obligations from December 2012 and is now liable to pay Rs82.6 crore, including an annual interest of 18.5%.

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SEBI cracks down on an illegal real estate scheme

Securities and Exchange Board of India has barred Servehit Housing & Infrastructure India (Servehit) and its directors from raising money from the public. SEBI has also restrained it from launching any new scheme and has asked for a full inventory of the assets bought from the amounts collected from investors under the company’s various schemes. SEBI’s probe into the mobilisation of funds by the company showed that it was running an alleged collective investment scheme (CIS) without SEBI’s permission.

SEBI has also asked Servehit and its directors not to dispose of properties and assets acquired through the CIS and not to divert the funds raised from the scheme. Servehit had camouflaged its CIS by calling it a ‘real-estate business’. It had mobilised money by describing its business as being for ‘purchase, develop and maintain the plot’, offering high returns.
 

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