Supreme Court: Air Force Group Insurance Society qualifies as ‘State’ under Article 12  ||  SC: Anganwadi Workers With Degrees Are Eligible For The 29% Quota For Supervisors in Kerala  ||  SC: Giving Accused the Option of Search Before a Police Officer Breaches Section 50 of the NDPS Act  ||  Gujarat HC: Person is Entitled to Compensation For Injury or Death Within Railway Station Premises  ||  Delhi HC: PMLA Can Apply Even if the Scheduled Offence Occurred Before the Law Came Into Force  ||  J&K&L HC: Accused Can Admit Evidence Recorded under Section 299 Crpc After Appearing in Court  ||  J&K&L HC: District Judge Serving as Reference Court under Land Acquisition Act Acts as a Civil Court  ||  Del HC: Subsequent Bail Pleas From Same FIR Should Usually Go Before the Judge Who Denied the First  ||  J&K&L HC: Vaishno Devi Shrine Board, Despite Statutory Status, is Not a ‘State’ under Article 12  ||  SC: Confirmation of an Auction Sale Does Not Bar Judicial Scrutiny of Reserve Price Valuation    

2004 Ponzi Scam: Supreme Court Paves Way for Trial of S Natarajan - (03 Oct 2017)

Supreme Court has paved the way for prosecution of S Natarajan in the high-profile ponzi scam involving Chennai-based PNL Nidhi Limited which allegedly collected Rs 68.50 crore from over 13,000 investors and defaulted in repayment by setting aside a Madras High Court order quashing criminal proceedings against Natarajan, who had served as one of the directors till 2000 in the accused firm.

Tags : SUPREME COURT   2004 PONZI SCAM  

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