Shahid Balwa

Yes Bank-DHFL case: Court refuses to take cognisance of CBI's chargesheet against Goenka, Balwa

The special court said there was no case made out for it to issue notice to the duo as there is no evidence to show that they had any intention to cheat the bank.

2G case: Shahid Balwa takes shield of former SG Vahanvati

Swan Telecom Promoter Shahid Balwa, facing trial along with former Telecom Minister A Raja and 15 others in the 2G spectrum allocation scam case, today told a special court that then Solicitor General (SG) GE Vahanvati had said that the firm was eligible for the licenses.

2G PMLA case: Court to hear final arguments on Dec 1

A special court today fixed December 1 for hearing the ongoing final arguments in a 2G scam-related money laundering case in which former Telecom Minister A Raja, DMK MP Kanimozhi and 17 others are facing trial.

SC refuses stay on charges against Balwa, Goenka in 2G case

The apex court clarified its position very clearly that in the past it has not allowed any relief by way of interim stays nor is it in any mood to do so as far as this particular case is concerned.

Money laundering case: Swan Telecom promoter Balwa moves SC

A bench comprising Chief Justice H L Dattu and Justice A K Sikri ordered listing of plea of Balwa for hearing on November 18.

2G scam: All accused including Kanimozhi, A Raja get bail

DMK chief M Karunanidhi's wife Dayalu Ammal was also granted bail. Special CBI Judge OP Saini allowed the bail plea of 83-year-old Ammal on a personal bond of Rs 5 lakh with two sureties of the like amount.

ED to file charges against Shahid Balwa, DB Realty, A Raja

In the case against Unitech, Enforcement Directorate says that USD 51 million was remitted from India to Unitech Overseas Limited, which is the holding company for Unitech‘s overseas investments.

Etisalat DB challenges telecom biz winding-up petition

Majestic Infracon, owned and controlled by Shahid Balwa and Vinod Goenka, has approached the division bench raising arguments essentially that Etisalat argument for winding up petition were based on a CBI chargesheet and that that cannot hold as sufficient ground for seeking a winding up petition.

CBI-Unitech plot pulls in Shahid Balwa, DB Realty tanks 20%

Mumbai-based real estate firm DB Realty crashed as much as 20 percent intraday on Tuesday as Network18 reports that CBI sources said company's promoter Shahid Balwa was also likely to be questioned along with AK Singh and Sanjay Chandra in 2G case.

Has Rakesh Jhunjhunwala changed his view on real estate?

Till less than two years back, Jhunjhunwala was an avowed real estate bear and saw no reason to change his view despite the periodic rallies in the stocks. In fact, he went as far as to say that he would not invest in real companies.

Channel partners' woes caused by conduct of Balwa: Etisalat

In an official statement, Etisalat says that the issues raised by channel partners were caused by the conduct of Balwa and company.

Lawyers question fairness of 2G trial

Lawyers at the 2G trial court are raising questions over the fairness of the trial. They say, that they are not able to cross-examine the witnesses properly. CNBC-TV18’s Malvika Jain reports

Etisalat starts winding up Indian operations

UAE-based Etisalat today said it has started proceedings for winding up operations of its Indian venture, but it was not clear if its Indian partners Shahid Balwa and Vinod Goenka had consented to the move.

Here's why 2G review petitions hold good chance of hearing

Vijay Agarwal, counsel for Shahid Balwa told CNBC-TV18 that Raja’s total review petition is the strongest because as per basic principle of law nobody can be condemned without being heard.

DB Etisalat moves to disconnect India call; layoff 2000

CNBC-TV18 learns that the move will lead to significant layoffs from Etisalat's end and IT companies like Tech Mahindra too will feel the ripple effects of the move.

2G: DB Realty loses plea on attachment of property

DB Realty on Tuesday lost an appeal against the attachment of Rs 223 crore property over the 2G spectrum scam. CNBC-TV18's Meetu Jain reports.

Reality bit realty space bad in 2011 but better times ahead

Real estate developers are waiting for them to be put of the misery that 2011 doled out to them. The sector has not just had to grapple with a loss of reputation with its alleged link to the 2G scam, but also dwindling sales and funding constraints. Priyanka Ghosh of CNBC-TV18 wraps up the year that was.