DB Realty

  • Bombay HC quashes arbitration award in Tulip Hotel case May 14, 2013

    Mumbai: In a judgement that might clear the way for the land development in Tulip Star property, the Bombay High Court has set aside an arbitration award which had held that the agreement between Siddhivinayak Realties and V Hotels stood terminated. Siddhivinayak Realties is a joint venture between Oberoi Realty...
  • 2G case: CBI files more documents in the court March 6, 2012

    New Delhi: The CBI submitted on Tuesday to a Delhi court yet more documents related to the 2G spectrum allocation case amid various defence counsel opposing the agency's way of filing documents in installments. Special Judge O P Saini, however, took the CBI documents on record after counsel for various accused...
  • Etisalat to halt India operations? February 22, 2012

    New Delhi: Etilasat has reportedly decided to halt its India operations after the 2G telecom licences to its joint venture, Etisalat DB (of DB Realty) were cancelled by the Supreme Court on February 2. The decision is bound to impact existing customers who will have 30-days time to transfer to...
  • Balwa pursued 2G licence issue of Swan: witness February 17, 2012

    New Delhi: A prosecution witness in the 2G spectrum allocation scam case on Friday told a Delhi court that Swan Telecom promoter Shahid Balwa, an accused in the case, was pursuing the licence and spectrum issue of the firm and co-accused Vinod Goenka had nothing to do with it. Testifying as...
  • Etisalat writes off $ 820 mn against Indian ops February 9, 2012

    New Delhi: After Telenor, UAE-based Etisalat, a shareholder in new telecom operator Etisalat DB, on Thursday said that it has has written off $ 827 million worth value of its Indian operations by way of an impairment charge as an after effect of Supreme Court order cancelling 122 2G licences. "Etisalat...
  • 2G: A day after Kani, Shahid Balwa too gets bail November 29, 2011

    New Delhi: A Delhi court on Tuesday granted bail to Swan Telecom promoter Shahid Balwa in the 2G spectrum scam case. The Central Bureau Of Investigation (CBI) had earlier told the court that it is not opposed to the bail plea of Balwa. The bail conditions of Balwa's bail are the...
  • DB Realty, Unitech, RCom share prices rise November 23, 2011

    New Delhi: DB Realty, Reliance Communications and Unitech rallied sharply after the Supreme Court granted bail to five corporates accused in 2G case. Ex-managing director of Unitech, Sanjay Chandra and DB Realty's Vinod Goenka, and Anil Dhirubhai Ambani group's top executives Gautam Doshi, Hari Nair and Surendra Pipara were granted bail...
  • 2G spectrum scam case: What the charges are October 22, 2011

    All 17 accused in the 2G scam case were charged under IPC Section 409. Here are the details of all of the charges. ...
  • CBI files Preliminary Enquiry against DB Realty October 16, 2011

    Mumbai: In fresh trouble for Shahid Balwa's DB Realty, the CBI, probing into the kickbacks-for-loans scam estimated at around Rs 12,000 crore, has registered a Preliminary Enquiry (PE) against the company on charges of availing loan without fulfilling norms. During investigations into the scam in...
  • 2G: Balwa accuses Pranab along with PM, PC August 1, 2011

    New Delhi: DB Realty owner Shahid Balwa on Monday, in his defence, has trashed the CAG report and dragged in Home Minister Pranab Mukherjee in the 2G controversy. He also said that Prime Minister Manmohan Singh endorsed all telecom decisions. Balwa, the first corporate to depose, has alleged that the then...
  • Balwa drags Pranab, PM into the 2G case August 1, 2011

    New Delhi: After slamming the Comptroller and Auditor General (CAG) report during his deposition on Monday, DB Realty promoter and 2G accused Shahid Balwa dragged in the then external affairs minister Pranab Mukherjee and then solicitor general GE Vahanvati on the telecom policy. Balwa claimed the duo was aware of...
  • 2G scam: ED likely to attach DB Realty's assets June 14, 2011

    New Delhi: The Central Bureau of Investigation (CBI) is likely to write to the Enforcement Directorate (ED) to attach the properties of DB Realty in the 2G spectrum allocation scam. Sources have told CNN-IBN that the CBI proposal to the ED is essentially to recover Rs 200 crore that DB...
  • 2G accused Balwa wants to depose before JPC June 1, 2011

    New Delhi: In a new twist which could have repercussions on the UPA, 2G accused Swan telecom promoter Shahid Balwa has written to the Joint Parliamentary Committee saying that he should be called to depose before Joint Parliamentary Committee (JPC). "In the interest of the investigation, I should be called to...
  • DB Realty defers financial results announcement May 30, 2011

    New Delhi: With its promoters facing probe in the 2G telecom scam, DB Realty on Monday deferred the board meeting to announce the financial results for the year ended March 31, 2011, citing delay in the audit process and consolidation of the financial statements. On May 21, the company had announced...
  • 2G case: HC to decide bail plea of corporate honchos May 22, 2011

    New Delhi: The Delhi High Court is likely to pronounce on Monday it's order on the bail plea of five corporate honchos, including Unitech promoter Sanjay Chandra and Reliance ADAG MD Gautam Doshi, in the 2G spectrum allocation scam. The corporate accused, also including D B Realty promoter Vinod Goenka and...
  • Opposition welcomes DMK MP Kanimozhi's arrest May 20, 2011

    New Delhi: The Opposition on Friday welcomed the CBI special court's decision ordering the arrest of DMK MP Kanimozhi in the 2G scam spectrum case. "These arrests and actions have been possible only because the Supreme Court is monitoring the inquiry," said BJP spokesperson Prakash Javadekar. He also added, "This is the...
  • 2G: Court to decide on Kanimozhi's bail plea May 13, 2011

    New Delhi: A Delhi court will decide on Saturday the bail plea of DMK MP Kanimozhi in the 2G spectrum allocation scam. Special CBI Judge O P Saini had on May 7 reserved his order on the bail applications of Kanimozhi and Sharad Kumar, MD and CEO of Kalaignar TV...
  • Kanimozhi: from a budding poet to 2G accused May 6, 2011

    New Delhi: From a budding poet and the daughter of Tamil Nadu Chief Minister, Kanimozhi's status is all set to change after Friday. She now alledgedly becomes an accomplice in the 2G scam. Kalaignar TV, that Kanimozhi is a 20 per cent share holder of and helped set up, is now...
  • Tracing the money trail in 2G spectrum scam April 25, 2011

    New Delhi: Former Telecom Minister A Raja is already in the custody of Central Bureau of Investigation (CBI) and there are allegations that some other DMK members are also involved in the 2G scam. Documents with CNN-IBN show that money was loaned by DB Realty group to DMK's Kalaignar TV...
  • Arrests of top bosses worry DB Realty customers April 22, 2011

    Mumbai: After the arrest of both Shahid Balwa and Vinod Goenka for their involved in the 2G spectrum scam, DB Realty is now said to be considering a total overhaul of the management. And with the company's image badly hit, it's also the buyers of the DB realty projects, who...
  • 2G: telecom bosses give Raja company in Tihar April 21, 2011

    New Delhi: Three of the biggest names of India Inc - ADA Group Managing Director Gautam Doshi, Unitech Wireless MD Sanjay Chandra and DB Group Promoter Vinod Goenka - have spent a night behind bars along with Reliance executives Hari Nair and Surendra Pipara. The Patiala House Court on Wednesday...
  • Pawar family's links with DB Realty revealed April 21, 2011

    New Delhi: NCP chief Sharad Pawar so far has denied having links with 2G tainted company DB Realty and its promoter Vinod Goenka. But an investigation by IBN Lokmat has revelaed how Sharad Pawar's nephew and Maharshtra Deputy Chief Minister Ajit Pawar had allotted cheap government land to a company he...
  • I am not involved in any land scam: Ajit Pawar April 20, 2011

    Mumbai: Maharashtra Deputy Chief Minister Ajit Pawar, who is also the nephew of Nationalist Congress Party chief Sharad Pawar, has defended himself in the state Assembly over allegations of his involvement in a land scam in the state. "I have not done anything illegal. I am ready for investigations. (DB Realty...
  • 2G scam: Radia names Sharad Pawar before CBI April 14, 2011

    New Delhi: Agriculture Minister Sharad Pawar's links with 2G spectrum allocation scam was just a loud whisper till now. Now it has become part of a statement in the court. Corporate lobbyist Nira Radia has alleged that Pawar and his family are the real faces behind the DB Group and Swan...
  • Fresh links exposed in 2G Spectrum scam April 10, 2011

    New Delhi: CNN-IBN has details of what will be in the CBI's additional chargesheet in the 2G scam, two weeks hence. The Kalaignar TV link between Shahid Usman Balwa and A Raja has been long alleged and sources say the CBI is going to detail the 214 crore alleged kick...
  • 2G: RCom, Unitech, DB Realty shares hit on BSE April 4, 2011

    Mumbai: Shares of Unitech, DB Realty and Reliance Communications, which are in the midst of 2G scam, on Monday closed lower in the range of 1-2 per cent on the Bombay Stock Exchange (BSE). ADAG company Reliance Communications (RCom) is the holding company of Reliance Telecom...
  • Balwa allowed video-conferencing in 2G hearing March 14, 2011

    New Delhi: Swan Telecom promoter Shahid Usman Balwa, lodged in Tihar Jail for his alleged role in 2G spectrum allocation scam, was allowed on Monday by a Delhi court to participate in its proceedings through video conferencing. Balwa was allowed to participate in the court proceeding...
  • 2G scam: CBI questions Kalaignar MD March 14, 2011

    New Delhi: The Managing Director of Kalaignar TV Sharad Kumar was on Monday questioned by the CBI in connection with the 2G spectrum allocation scam. Kumar was called by the investigators here at CBI headquarters with regard to some issues relating to Rs 214 crore...
  • 2G scam: DB Realty accepts Balwa's resignation March 7, 2011

    Mumbai: DB Realty on Monday said that it has accepted the resignation of its Managing Director and Director of the company Shahid Usman Balwa with effect from February 9, 2011. "The Board of Directors of the company on March 5, 2011 has noted and accepted the resignation of Shahid U Balwa,...
  • 2G: Court rejects bail pleas of Balwa, Chandolia February 25, 2011

    New Delhi: A Delhi court on Friday rejected the bail pleas of former telecom minister A Raja's personal secretary RK Chandolia and Swan Telecom promoter Shahid Usman Balwa arrested in the 2G spectrum case, saying they can tamper with evidence and influence witnesses if let out. The court said while...