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Railways contract ended, China firm claims damages, Rlys replies with counter

Two years after the Railways terminated a Rs 471-crore contract of the Chinese Railway’s signalling and telecom arm for its works in Uttar Pradesh, the Chinese firm has locked Indian Railways in international dispute and claimed Rs 279 crore compensation.

The company, China Railway Signalling and Communication (CRSC) Research and Design Institute, recently instituted arbitration under International Chamber of Commerce (ICC) rules in Singapore.

Playing hardball, the Indian side — the Dedicated Freight Corridor Corporation of India Limited (DFCCIL), under the Railways — has issued a counter-claim of Rs 71 crore on the Chinese major. The matter is headed for a showdown in the international tribunal, sources in the Railways said.

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NDTV deal: Adani-Group needs SEBI approval for aquisition for technical reasons

Mentioning a November 27, 2020, SEBI order, NDTV Ltd told stock exchanges Thursday that Adani Group-owned Vishvapradhan Commercial Private Ltd (VCPL) will have to seek the market regulator’s approval before it acquires 99.5 per cent stake in RRPR Holding Pvt Ltd, which in turn holds 29.18 per cent shares in the television media company.

Security law experts, however, said the SEBI order may not be an obstacle. “This transaction does not entail a fresh sale or purchase of securities. Further, it is simply an execution of the arrangement that VCPL and RRPR entered in 2009 and 2010,” a source in the know of things told The Indian Express.

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MCD continues action against property tax defaulters, attaches 18 godowns, 4 commercial properties

The Municipal Corporation of Delhi (MCD) took stern action against the property tax defaulters in the Narela zone and attached 18 godowns in the Jindpur area and four commercial properties in Begumpur Wednesday.

The property tax department of the corporation is fully committed to recovering the dues of property tax from the property tax defaulters, in this regard, the Municipal Corporation of Delhi has taken this action under section 158 of the Delhi Municipal Corporation (DMC) Act, 1957, said a senior official of the MCD.

The MCD has been pursuing these cases for a long period of time and had sent many notices under various sections of the DMC Act in the past, but these were not taken seriously by the property owners, added the official.

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Day ahead of retirement, CJI recalls Delhi HC stint: Launching pad, no stressful day in entire career

Terming the Delhi High Court as his “launching pad” and his short stint as its Chief Justice a training period, Chief Justice of India N V Ramana Thursday said he had arrived in the national capital with several “apprehensions” but never faced any work-related stress here.

At a function organised by Delhi High Court Bar Association to bid farewell to him, a day ahead of his superannuation as the country’s senior-most judge, Justice Ramana said when he was transferred from Andhra Pradesh, he was told that he was going to a “very hard state” where he — as someone with “agriculture background” — should be very careful with every word he says, as the people in Delhi are very cultured, knowledgeable and “very sorry to say, aggressive”.

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Arrested LeT suspect Junaid was conspiring to attack BJP leaders' rally, says ATS charge sheet

Maharashtra Anti-Terrorism Squad (ATS) on Tuesday filed a charge sheet against arrested LeT suspect Junaid Mohammed which revealed that he planned to attack a Bharatiya Janata Party (BJP) rally in Uttar Pradesh.

The charge sheet also revealed that Narasinhanandan Saraswati, and Jitendra Narayan alias Wasim Rizvi, were also the targets of the accused. The information has emerged from the 2,000-page charge sheet filed by the ATS in court.

Junaid was arrested by the ATS on May 24 in Pune's Dapodi area on suspicion of having links with terrorist organizations in Jammu and Kashmir. He is a native of Buldana. He came in contact with terrorist organizations in Jammu and Kashmir through social media.