Lalit Modi

HC imposes cost of Rs 1 lakh on Lalit Modi for plea seeking BCCI to pay ED

The Bombay High Court has imposed a cost of Rs 1 lakh on former cricket administrator Lalit Modi and dismissed his petition seeking an order to Board of Control for Cricket in India (BCCI) to pay penalty of Rs 10.65 crore imposed on him by the ED for violating Foreign Exchange Management Act (FEMA). A division bench of Justices M S Sonak and Jitendra Jain, in its order of Thursday, said the petition was "frivolous and wholly misconceived" as the adjudication authority under the FEMA has imposed the penalty on Modi. Modi in his plea said he was appointed as BCCI vice president, during which period he was also chairman of Indian Premier League governing body, a subcommittee of the BCCI. The plea claimed the BCCI is supposed to indemnify him as per bylaws. The HC bench, however, referred to a Supreme Court judgment of 2005 which said the BCCI does not fall under the definition of 'State' as defined under Article 12 of the Constitution of India. Despite clear orders from the apex ...

Decided against Samir's reappointment due to conduct: Godfrey Phillips

The firm's NRC cites breaches of fiduciary duties due to conduct both in and outside board meetings

Bina Modi withdraws contempt plea against sons Lalit and Samir Modi

Samir Modi, the executive director of Godfrey Phillips, had accused his mother of orchestrating an attack on him to gain leverage in the ongoing inheritance dispute

KK Modi family feud: Views split over valuation of four key companies

The value also includes Phillip Morris India, the marketing arm in which GPI, along with the family, owns 50 per cent. It has declared a dividend of Rs 706 crore

Govt boosted employment in traditional as well as emerging sectors: PM Modi

Prime Minister Narendra Modi asserted on Saturday that his government has boosted employment opportunities in traditional as well as emerging sectors like renewable energy, defence industry and automation. He made the remarks as he distributed appointment letters to nearly 51,000 youths recruited in different government departments. He said his government and states ruled by the BJP and its allies have been holding 'Rozgar Mela' since October last year, and lakhs of youngsters have been given appointment letters so far. "Rozgar Mela underscores our government's commitment to the youth," he said, addressing the recruits through a virtual event. "Today, India is equipping its youth with skills and education to harness emerging opportunities. India's trajectory and the pace of its progress are generating new employment prospects across all sectors," he said.

Harish Salve gets married third time, Lalit Modi also attends the ceremony

Harish Salve married for the third time at the age of 68 with British partner Trina on Sunday. His marriage was attended by several high-profile guests. Lalit Modi's presence has sparked controversy

One Nation, One Election: Pros and Cons explained

Lalit Modi tenders unconditional apology; SC closes contempt case

The Supreme Court on Monday closed contempt proceedings against ex-IPL commissioner Lalit Modi after he tendered an unconditional apology for his remarks against the judiciary in social media posts. A bench of Justices MR Shah and CT Ravikumar took note of an affidavit filed by Modi in which he stated that in future he will not do anything which is inconsistent with the "majesty or dignity of Courts or Indian judiciary" in any manner. "We accept the unconditional apology. We remind the respondent (Modi) that any such attempt on his part in future, which would tantamount to remotely tarnishing the image of Indian judiciary and courts, will be seen very seriously," it said. "We accept the unconditional apology with a broad heart because the Court always believes in forgiveness more particularly when an apology is tendered unconditional and from the bottom of the heart...Accepting the apology we close the present proceedings," the bench said. The court said, "Everybody should respect

Not above law, tender unconditional apology: SC to Ex-IPL chief Lalit Modi

The Supreme Court on Thursday directed the former IPL commissioner, Lalit Modi to tender an unconditional apology on social media and also in leading national newspapers

Look forward to..., Lalit Modi says will take Rahul Gandhi to court in UK

IPL founder and ex-chairman Lalit Modi on Thursday in a series of acerbic tweets lashed out at Rahul Gandhi stating that he will take the Congress leader to court in the United Kingdom over allegation

'Global scamsters' coming to PM's defence: Congress on Lalit Modi's tweets

The Congress on Thursday used embattled IPL founder Lalit Modi's tweets threatening to take Rahul Gandhi to court, to attack the BJP and said that "global scamsters" were now coming to the defence of Prime Minister Narendra Modi. Former IPL chief Lalit Modi, accused of financial irregularities in India, launched a scathing attack on Rahul Gandhi on Thursday, and also hit out at the Congress party for referring to him as a "fugitive of justice" even though he had never been convicted of any charges. Reacting to his remarks, Congress general secretary in-charge organisation K C Venugopal said,"Lalit Modi is a fugitive in multi-million dollar frauds whose cowardice made him run away. He now enjoys a plush life abroad thanks to BJP's inaction. It's laughable if he thinks anyone takes him seriously." "A new low for PM Modi, that global scamsters are coming to his defence," Venugopal said. Taking a dig at the BJP, Congress' media and publicity department chief Pawan Khera said,"Is now Sa

SC refuses to pass order on plea against Lalit Modi's 'scurrilous' remarks

The Supreme Court on Friday refused to pass any order on a plea alleging that former IPL commissioner Lalit Modi made "scurrilous" remarks against former attorney general and senior advocate Mukul Rohatgi in a social media post. A bench of Justices Sanjiv Khanna and M M Sundresh said parties are mature enough not to make such statements and asked the lawyers to sort out the issue. "It is nothing but extension of outburst of a family member. Don't take it too far. Whenever you start fighting out in public, it is always detrimental...We are not passing orders but you use your good office to ensure that remedial measures are taken," the bench observed orally. On August 1 last year, the Supreme Court appointed former apex court judge Justice R V Raveendran as a mediator to settle a family property dispute involving the former IPL head and his mother Bina Modi. Senior advocate Rohatgi is one of the counsels representing Bina Modi in the vexatious property dispute. At the outset, senior

SC to hear plea against Lalit Modi for remarks against ex-AG Rohatgi

The ex-IPL commissioner, in his Instagram post, had made some comments about Rohatgi. Later, though another post, he reportedly apologised to the senior advocate

Lalit Modi names his son as successor beneficiary in KK Modi Family Trust

Former IPL Chairman Lalit Modi on Sunday announced his son Ruchir Modi as his successor beneficiary from his family's side in the KK Modi Family Trust with immediate effect. In a social media post, Modi who has been involved in a legal tussle against his mother Bina Modi and sister Charu over a property dispute in the family, also announced his son as the head of his branch of the family. "The present litigation with my mother and sister, is tedious, strenuous and has gone on for long, and even though there have been several rounds of discussions for settlement, there is no end in sight. It has caused and continues to cause me immense distress," he said in a statement shared on Instagram. Modi, who had earlier shared about his health condition due to COVID-19 infection and pneumonia, requiring external oxygen support in London having been flown from Mexico City, said he had discussed the matter of appointing his son as his successor with daughter Aliya. "I have discussed this with

Former IPL chief Lalit Modi hospitalised, placed on oxygen support

Former IPL chairman Lalit Modi was admitted to the hospital after a corona infection and pneumonia attack and has been placed on external oxygen support

India at 75: Gupta to Mallya - 6 leaders who began well but lost their way

They started something big, different and new. But somewhere down the line, they lost their way, even landed on the wrong side of the law. Here's a look at six high-fliers who fell from grace

Fugitive Lalit Modi announces courtship with actress Sushmita Sen

Lalit Modi shared the news on social media with a series of pictures on Twitter, calling Sushmita Sen his "better half"

Lalit Modi shares pictures with Sushmita Sen, calls her 'my better half'

The former IPL chairman said in another tweet, 'Just for clarity. Not married - just dating each other'

List of fugitive economic offenders in India does not end with Vijay Mallya

In reply to Lok Sabha in 2020, SP Shukla said 72 Indians charged with financial irregularities have been living abroad. The list includes names like Nirav Modi, Mehul Choksi and Lalit Modi

IPL founder Lalit Modi cleared of 'misrepresentation' by UK court

Being socially acquainted with London-based Modi, Maag was invited to invest in a first friends and family round of fundraising for USD 2 million