States » WestPosted at: Mar 22 2023 12:14AM

HC grants bail to ex MD in UCX case

Mumbai, Mar 21 (UNI) The Bombay High Court granted bail to a former MD and CEO Praveen Kumar Pillai of Universal Commodity Exchange (UCX) in an alleged financial fraud case registered by Economic Offences Wing, Mumbai, in an anticipatory bail application represented by advocate Aashutosh Srivastava.
The Universal Commodity Exchange (UCX) was launched under one Mr. Ketan Sheth (Founder) along with the shareholdings given to PSUs such as, National Bank for Agriculture and Rural Development (16%), Rural Electrification Corporation (16%), IFFCO (15%), and IDBI Bank (10%).
After a suspected financial scam, UCX activities were stopped in 2014. Praveen Pillai, the former managing director and CEO, filed a complaint against Mr. Ketan Sheth with the Joint Commissioner of Police, EOW. However, no action was initiated by EOW at that time. Later next year, Pillai resigned from the company, said Adv Srivastava.

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Maha: Ratan Tata's condition critical

10 Oct 2024 | 12:03 AM

Mumbai, Oct 9 (UNI) The health condition of Tata Sons former chairperson Ratan Tata, who was hospitalised for a routine medical check-up at Mumbai's Breach Candy Hospital, is reported to be critical and therefore, he is admitted in intensive care unit of the hospital, sources said here on Wednesday.

HC grants bail to ex MD in UCX case

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PURI, OCT 9 (UNI):- Sand artist Sudarsan Pattnaik has created a sand sculpture of Maa Durga with installation of fruits and flowers with the message "Happy Durga Puja, Praying for World Peace", at Puri beach in Odisha on Wednesday.UNI PHOTO-AKX1U

NEW DELHI, OCT 9 (UNI):-India's Nitish Kumar Reddy celebrates his half century during the second 120 International cricket match between India and Bangladesh at the Arun Jaitley Stadium, in New Delhi on Wednesday.UNI PHOTO-PSBX4U

NEW DELHI, OCT 9 (UNI):- Indian team celebrates after taking the wicket of Bangladesh's player during the second T20 International cricket match between India and Bangladesh at the Arun Jaitley Stadium, in New Delhi on Wednesday.UNI PHOTO-PSBX3U

NEW DELHI, OCT 9 (UNI):- Indian team celebrates after taking the wicket of Bangladesh's player during the second T20 International cricket match between India and Bangladesh at the Arun Jaitley Stadium, in New Delhi on Wednesday.UNI PHOTO-PSBX2U

NEW DELHI, OCT 9 (UNI):- Indian team celebrates after taking the wicket of Bangladesh's player during the second T20 International cricket match between India and Bangladesh at the Arun Jaitley Stadium, in New Delhi on Wednesday.UNI PHOTO-PSBX1U

NEW DELHI, OCT 9 (UNI):-India's Nitish Kumar Reddy celebrates his half century during the second 120 International cricket match between India and Bangladesh at the Arun Jaitley Stadium, in New Delhi on Wednesday.UNI PHOTO-124U

NEW DELHI, OCT 9 (UNI):-Rinku Singh plays a shot during the second T20 International cricket match between India and Bangladesh at the Arun Jaitley Stadium, in New Delhi on Wednesday.UNI PHOTO-123U

NEW DELHI, OCT 9 (UNI):-India's Nitish Kumar Reddy and Rinku Singh during the second T20 International cricket match between India and Bangladesh at the Arun Jaitley Stadium, in. New Delhi on Wednesday.UNI PHOTO-122U

HYDERABAD OCT 9 (UNI)Sabyasachi Ghosh, Principal Secretary, Tourism and Culture, Govt. of Telangana releasing savoneer on the occasion 51st celebrations of the Bengalee Cultural Association Durga Puja in Hyderabad on Wednesday.UNI PHOTO-121U

HYDERABAD, OCT 9 (UNI) Sabyasachi Ghosh, Principal Secretary, Youth Advancement, Tourism and Culture, Govt. of Telangana, inaugurating the 51st celebrations of the Bengalee Cultural Association Durga Puja in Hyderabad on Wednesday.UNI PHOTO-120U

HYDERABAD, OCT 9 (UNI) Sabyasachi Ghosh, Principal Secretary, Youth Advancement, Tourism and Culture, Govt. of Telangana, inaugurating the 51st celebrations of the Bengalee Cultural Association Durga Puja in Hyderabad on Wednesday.UNI PHOTO-119U

GUWAHATI, OCT 09 (UNI):- Priest offering Puja on the occsion of Durga Puja festival, in Guwahati on Wednesday.UNI PHOTO-113U

GUWAHATI, OCT 09 (UNI):- Priest offering Puja on the occsion of Durga Puja festival, in Guwahati on Wednesday.UNI PHOTO-112U

ANANTNAG, OCT 9 (UNI):-A wreath laying ceremony was held to pay homage to Territorial Army soldier Hilal Ahmad Bhat who was kidnapped by unidentified militants yesterday and his bullet ridden body was found in Anantnag on Wednesday.UNI PHOTO-115U

ANANTNAG, OCT 9 (UNI):-A wreath laying ceremony was held to pay homage to Territorial Army soldier Hilal Ahmad Bhat who was kidnapped by unidentified militants yesterday and his bullet ridden body was found in Anantnag on Wednesday.UNI PHOTO-116U

ANANTNAG, OCT 9 (UNI):-A wreath laying ceremony was held to pay homage to Territorial Army soldier Hilal Ahmad Bhat who was kidnapped by unidentified militants yesterday and his bullet ridden body was found in Anantnag on Wednesday.UNI PHOTO-117U

ANANTNAG, OCT 9 (UNI):-A wreath laying ceremony was held to pay homage to Territorial Army soldier Hilal Ahmad Bhat who was kidnapped by unidentified militants yesterday and his bullet ridden body was found in Anantnag on Wednesday.UNI PHOTO-118U

PATNA, OCT 9 (UNI):- Bihar Chief Minister Nitish Kumar worship after inauguration community puja pandal during the Durga Puja festival, in Patna on Wednesday.UNI PHOTO-110U

PATNA, OCT 9 (UNI):- Devotee blow conche during the Durga Puja festival, in Patna on Wednesday.UNI PHOTO-109U

PATNA, OCT 9 (UNI):- An idol of Goddess Durga is seen at a Bengali Akhara community puja pandal during the Durga Puja festival, in Patna on Wednesday.UNI PHOTO-108U