Citizens' Issues
Rains add to people's woes in flood-hit Chennai
Rains resumed here late on Tuesday after a two-day respite, adding to woes of the people hit by floods and torrential rains for a week.
 
The Met Office has predicted heavy showers till December 11. According to weather office, there might be heavy rains in coastal Tamil Nadu, including Chennai, due to low pressure formed around the Bay of Bengal.
 
The Southern Railway has cancelled several long distance trains in Chennai, officials said.
 
According to officials, schools and colleges on Wednesday remained closed in eight districts of Tamil Nadu.
 
The civic bodies are working hard to ensure a check on any epidemic outbreak here.
 
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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Central Bank official, Jain Infraprojects booked by CBI in Rs200 crore fraud
The CBI on Tuesday registered a case against a former official of a nationalised bank and three directors of a city-based firm for allegedly defrauding the bank for over Rs. 200 crore, an official said.
 
The cases were registered against a former deputy general manager of Central Bank of India and three directors of Jain Infraprojects Ltd - M.K. Jain, Rekha Jain and Sunil Kumar Dangi.
 
"The accused entered into a criminal conspiracy with each other and allegedly diverted bank funds illegally for a purpose other than for what they had been sanctioned. An alleged loss of Rs.212.30 crores was caused to the bank," said a CBI official.
 
The agency also conducted searches at five places in Kolkata and one place in Allahabad at the residence and office premises of the accused and seized several incriminating documents.
 
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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HC asks man not to use sites created in Tata group chairman's name

The Delhi High Court has restrained a man from using the websites he created in the name of Tata Group chairman Cyrus Pallonji Mistry and also imposed a punitive cost of Rs. 5 lakh on him.

 
Justice Manmohan Singh said the sites -- www.cyrusmistry.co.uk and www.cyrusmistry.co -- created by the private person are "blatantly and illegally capitalizing on the strength of use of the well known personal" name of Mistry for the purposes of making "illegal profit and gain".
 
It directed the person, Aniket Sigh, to transfer the sites in favour of Mistry, and the punitive costs of Rs. 5 lakh on him were to be deposited with the Delhi High Court Library Fund.
 
"The loss and damage incurred by the plaintiffs (Tata and Mistry) is also on account of loss of reputation and goodwill of the plaintiffs/its chairman and companies promoted by him in the market. The defendant (Aniket Sigh) is blatantly and illegally capitalizing on the strength of use of the well known personal name of plaintiff 2 i.e Cyrus P Mistry for the purposes of making illegal profit and gain," the court said.
 
"In light of the submissions on merit by passing the decree for permanent injunction, it is also directed that the impugned websites www.cyrusmistry.co.uk and www.cyrusmistry.co are to be transferred in favour of plaintiff No. 2 who is also chairman of plaintiff No. 1 company (Tata)," it added.
 
The court noted that the domain names were created on December 20, 2011, barely a month after Tata group announced that Mistry would be taking over as chairman from December 2012.
 
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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