adani coal import dri bom hc

High court relief for Adani in Rs 29,000 crore imports case

WEBOct 18, 2019 · DRI is probing at least 40 companies, including the Essar Group, for overvaluation of imports. TOI was the first to report on the scam in its December 14, 2014, edition.

Coal imports case: SC to hear in Feb Centre's appeal against Bombay HC ...

WEBNov 17, 2023 · In March 2016, the DRI initiated a probe against a few Adani Group firms for alleged overvaluation of coal imports from Indonesia between 2011 and 2015. The LRs were issued to Singapore, Dubai and Hong Kong, seeking help to access documents lying with overseas branches of three Stateowned banks relating to transactions under the .

No govt committee to probe Adani; DRI investigation in Indonesia coal .

WEBMar 13, 2023 · In January 2020, the Supreme Court paved the way for DRI to investigate allegations of overvaluation of coal imports from Indonesia by the Adani group. The apex court through the January 9, 2020, order stayed an October 17, 2019 judgment of the Bombay High Court which granted relief to Adani group by quashing LRs sent to various .

HC quashes LRs issued in Adani coal import case

WEBOct 18, 2019 · The court said it did not go into merits of LRs issued by a metropolitan magistrate but found that due procedure had not been followed while issuing them.

Coal import scam: Adani group gets interim relief from DRI

WEBSep 19, 2018 · Business News: Get the latest Business News, Live Share Stock Market Updates, Top News from India and across world. Read Top Business News and updates on financial, economic and banking news on CNBCTV18.

HC quashes LRs issued in Adani coal import case

WEBThis story is from October 17, 2019. HC quashes LRs issued in Adani coal import case. PTI / Oct 17, 2019, 21:58 IST Oct 17, 2019, 21:58 IST

Probe sought into Adani company's profits from overpriced, dirty coal

WEBIn early February 2023, the Directorate of Revenue Intelligence (DRI) of the Ministry of Finance moved the Supreme Court against an Appellate Tribunal's order quashing DRI's case alleging overinvoicing of coal supplies procured by three Adani Group companies. The DRI's case, reported in September 2021 by AdaniWatch, alleged that the ...

Coal imports: Directorate of Revenue Intelligence asks CBI to .

WEBJun 28, 2019 · The DRI is probing at least 40 companies, including two companies of the Adani Group, two Essar Group firms and a few public sector power firms, for alleged overvaluation of coal imports from Indonesia pegged at Rs 29,000 crore.

Coal imports case: SC to hear in February DRI's appeal against .

WEBNov 17, 2023 · In March 2016, the DRI initiated a probe against a few Adani Group firms for alleged overvaluation of coal imports from Indonesia between 2011 and 2015. The LRs were issued to Singapore, Dubai and Hong Kong, seeking help to access documents lying with overseas branches of three Stateowned banks relating to transactions under the .

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Big setback for DRI in Adani probe, HC scraps its global info .

WEBOct 18, 2019 · The DRI probe against Adani and other companies began after the agency issued a general alert to its field formations across India in March 2016 outlining the modus operandi of overinvoicing of coal imports from Indonesia. DRI alleged that money was being "siphoned" outside the country and the electricitygenerating firms were availing of ...

Adani Group's coal imports case probe to start soon amid .

WEBNov 17, 2023 · The Indian revenue agency did not respond to Reuters' queries. The effort to revive the coal probe comes amid wider regulatory scrutiny of Adani since Hindenburg Research in January accused the tycoon and his conglomerate of improper use of tax havens and stock manipulation. Despite Adani's denials, the short seller's report .

Supreme Court stays HC order, lets DRI pursue case against Adani .

WEBJan 8, 2020 · The DRI had initiated investigations in March 2016 against a few Adani group firms for alleged overinvoicing of coal imports between 2011 and 2015. A bench headed by Chief Justice Bobde on ...

Overvaluation of Indonesian coal, power equipment: Delhi HC .

WEBSep 13, 2017 · Overvaluation of Indonesian coal, power equipment: Delhi HC to hear Prashant Bhusan's plea today DRI is currently investigating over a dozen firms including a few firms of the Adani Group, Essar Group and Reliance ADAG Group among others for alleged over valuation of Indonesian coal imports and power equipment imports .

Delhi HC keeps in abeyance order asking CBI, DRI to look into ...

WEBJan 10, 2024 · The Delhi High Court has kept in abeyance its order asking the CBI and the Directorate of Revenue Intelligence to "meticulously and expeditiously" look into allegations of overinvoicing of imports by the Adani Group. A bench of Justices Suresh Kumar Kait and Neena Bansal Krishna, while noting in its January 5 order that a petition filed by the .

Coal import scam: Adani group gets interim relief from DRI

WEBSep 19, 2018 · The Bombay High Court on Wednesday granted interim relief to the Adani group by restraining the Directorate of Revenue Intelligence (DRI) from giving effect to the letters rogatory (LRs) issued to several countries against three group companies in an alleged case of overvaluation of Indonesian coal imports in the past. A bench of .

Coal imports case: SC to hear in February DRI's appeal

WEBNov 17, 2023 · Coal imports case: SC to hear in February DRI's appeal against Bombay HC order quashing LRs On October 17, 2019, the high court had quashed all the letters rogatory (LRs) sent by the DRI to ...

Adani Group inflated coal import price between 2019 and 2021, .

WEBOct 12, 2023 · In export records the price was mn, plus 42,000 for shipping and insurance. On arrival at India's largest commercial port, Mundra in Gujarat run by Adani, the declared import value was mn." In one instance, the value of a shipment of coal was shown as Rs 139 million ( million) when the ship left an Indonesian port.