The story of how that loan got converted into a 12.5% shares of Tata Sons, which is worth about $200 billion now, and which ultimately landed in the hands of the Pallonji Mistry family, is not known to most. That secret is likely to be revealed by the public interest litigation (PIL) filed by Abhinav Bharat Congress, a think-tank led by Pankaj Phadnis who's a public policy activist and the son of a district judge.
The plea, filed in November 2022, is a public interest disclosure under the Whistleblower Protection Act, 2011. The PIL, heard by Bombay HC chief justice Bharati Dangre and Justice Sarang Kotwal on June 14, 2024, alleges multiple frauds were played on the HC by fellow Parsi industrialist Nusli Wadia, who was appointed the Indian administrator of the New Yorkbased Dinshaw Trust by the HC on December 27, 1972.
Denne historien er fra July 02, 2024-utgaven av The New Indian Express.
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Denne historien er fra July 02, 2024-utgaven av The New Indian Express.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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DEVINE ACT: SOPHIE.TAHUHU STUN INDIA
White Ferns captain cracks unbeaten half-century before pacer runs riot to hand Harmanpreet Co a 58-run defeat on Friday
All hail Omaima Sohail, Pakistan's bowling lodestar
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IT sector bounces back with 18% YoY growth in hiring in September
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iPhone 16 series to be made in India
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Luxury carmaker BMW calls for green tax to boost net zero efforts
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