Vinod Goenka

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:SC modifies 2011 orders, allows accused to move Delhi HC

"The court-appointed special public prosecutor says that the recording of evidence is over. Now final arguments have commenced. It would not be proper to deal with these," the bench said during the hearing.

2G scam: Court dismisses Vinod Goenka's pleas to go abroad

In his pleas, Goenka had sought court's permission to travel to the United States and the United Kingdom from April 6 to April 14 for business meetings.

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.

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.

'Fund transfer to Swan appears to be signed by ADAG chmn'

The written instructions for transfer of over Rs.100 crore to Swan Consultants Private Limited, which later became Swan Telecom, an accused firm in the 2G case, 'appears' to have been signed by Reliance ADA Group Chairman Anil Ambani, a CBI witness today told a Delhi court.

Ex-Tel Secy had warned Raja against advancing cut-off date

Former Telecom Secretary D S Mathur today told a Delhi court that he had warned former Telecom Minister A Raja against advancing the cut-off date to receive applications for the 2G licences as the same may be considered "arbitrary" and could give rise to "legal complications".

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.

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 case: A Raja completes one year in jail

Former Telecom Minister A Raja, the prime accused facing trial in the 2G case, today completed one year in jail since his arrest in the high-profile scam. Raja, who was the first one to be arrested in the case on February 2, last year, is languishing behind the bars as he has not yet moved any application for release on bail.

Raja, Kanimozji involved in 2G scam: Raja's ex-aide

Achary in his testimony said that Sanjay Chandra, Shahid Balwa and Vinod Goenka used to meet a Raja when he was environment minister in relation to environmental clearance required for big real estate projects in which these companies were involved.

DB Realty & GTL to see more upside pour in: Tulsian

SP Tulsian of sptulsian.com feels the focus of both the directors – Vinod Goenka and Shahid Balwa – will put the company back on track. He also mentioned that the debt restructuring plan will be good for the company itself as well as GTL Infra

2G trail: No reason for others to not get bail, says Memon

Majeed Memon, counsel for Vinod Goenka speaking to CNBC-TV18’s economic policy editor Siddharth Zarabi said that observations from Supreme Court’s order should also be applicable to others accused in 2G case.

Granting bail now is better than never: Lawyer Harish Salve

The Supreme Court gave bail to five corporate executives accused in the 2G case. The Delhi High Court stayed shifting of the 2G trial to Tihar Jail. Supreme Court's senior counsel and noted lawyer Harish Salve shared his view on this news update and informed how the legal community is reacting to this.

2G scam: SC asks CBI response on its stand on Kanimozhi

The Supreme Court today asked the CBI to explain on what basis it took decision not to oppose the bail plea of of DMK MP Kanimozhi and four others in the trial court in 2G scam.

2G: Bail hearing of 5 corporate executives today

The Supreme Court on Monday will hear the bail pleas of five corporate executives involved in the 2G scam.

2G saga: Court to frame charges against 17 accused tomorrow

The 2G saga will reach an important milestone on Saturday, when OP Saini, the special judge in the CBI trial court, reads out the charges against the 17 accused.

DB Realty fights for survival without top two promoters

Six months after the arrest of its promoters, DB Realty continues to fight a tough battle for its survival, reports CNBC-TV18’s Priyanka Ghosh and Gopika Gopakumar.

DB Realty looking to sell 2 projects to raise finance

In a bid to raise construction finance, Shahid Balwa and Vinod Goenka owned DB Realty is learnt to be scouting for funds via sale of two projects, reports CNBC-TV18’s Priyanka Ghosh.

2G spectrum scam: CBI opposes bail plea of Chandra, Goenka

The CBI today opposed the bail plea of Unitech Wireless' MD Sanjay Chandra and Swan Telecom's Director Vinod Goenka in the Supreme Court for their alleged involvement in 2G scam saying that they should not be granted relief in larger interest of society.

CBI is manufacturing evidence against me: Sanjay Chandra

Unitech Wireless Managing Director Sanjay Chandra, one of the 17 accused in 2G spectrum allocation scam, today told the Supreme Court that he has not done any wrong and CBI is trying to "manufacture" evidence to implicate him in the case.

Loss of Rs 1.76 lakh cr hypothetical, trial untenable: Swan

The affordable billing of one paise per second could not have become a reality had government auctioned 2G licenses as suggested by CAG, Swan Telecom today told a Delhi court and sought discharge saying the "hypothetical" loss of Rs 1.76 lakh crore cannot be a ground for its prosecution.

2G scam: Court allows IT dept to quiz Raja and five others

A Delhi court today allowed the Income Tax department to interrogate six accused, including former Telecom Minister A Raja, arrested for their alleged involvement in the 2G scam, in judicial custody itself.

Court asks CBI to respond to plea of Swan co-promoter

A Delhi court today directed CBI to file its reply on a plea of co-promoter of Swan Telecom Vinod Goenka, an accused in the 2G scam, seeking permission to sign a resolution to appoint an additional director in a company in which he is also a director.

2G: Bail pleas of 5 corporate leaders rejected

The Delhi High Court has rejected the bail application of all the five corporate executives in the 2G spectrum scam case.