One-month jail for IFCI CEO, 2 others

Making it clear that no leniency would be shown for contempt, the Delhi High Court has fined the Industrial Finance Corporation of India Ltd (IFCI) Rs 500,000 and sentenced its chief executive officer and two other officials to a month in jail for not abiding by its orders. A bench of judges P K Bhasin said the impression needed to be "washed away" from the public mind that court would melt down with apology and one could get away easily even after not complying with the court's orders.