Bombay HC Dismisses Lilavati Trust’s Rs 17 Crore Claim

The Lilavati Kirtilal Mehta Medical Trust (LKMMT) filed a Rs. 17.2 crore recovery suit against former trustee Niket Mehta, but the Bombay High Court dismissed it, finding that the case was barred under the Maharashtra Public Trusts Act (MPT Act) due to the Charity Commissioner’s required consent. In a December 3 judgment, Justice Milind N. … Read more

SEBI Freezes Rs 546 Crore in Avadhut Sathe Case

Avadhut Sathe Trading Academy Pvt. Ltd. (ASTAPL), its founder Avadhut Dinkar Sathe, and director Gouri Avadhut Sathe are the targets of an ex-parte interim order-cum-show cause notice from SEBI. Academy Faces Regulatory Action The notice alleges that the academy engaged in unregistered investment advisory and research analyst activities under the guise of stock market education. … Read more

The district has had two closed incinerators for a period of twelve years

Waiting: The district’s two incinerators have been shuttered for twelve years. Patna is still required for the disposal of medical waste. Patna is receiving medical waste, and IGIMS Nawada-Sheikhpura is not benefiting from the equipment either. The incinerators at Beedi Mazdoor Hospital and Pawapuri Medical College are rusting. The district’s 172 hospitals generate more than … Read more