Business Standard
Thursday, May 31, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

RBTL a liquidated company: BJP
BS Reporter / Kolkata/ Bhubaneswar Oct 21, 2009, 00:13 IST

The Opposition Bharatiya Janata Party (BJP) has tried to corner the state government yet again on the controversial issue of illegal mining by Ram Bahadur Thakur Limited (RBTL).

This time, the BJP has questioned the merit of the probe by the state steel and mines department in finding out whether RBTL is under liquidation or not.

The BJP, citing a ruling of the Patna High Court in July 2008, claimed that RBTL is a liquidated company and stated that this obviates the need for any enquiry on whether the company was under liquidation.

Addressing the media here, KV Singhdeo, the leader of the state BJP Legislature Party, said, “The Patna High Court in its judgment on July 31 last year had declared that RBTL is a liquidated company. Besides, the status of RBTL on the website of the Union ministry of corporate affairs shows that the company is under liquidation.”

“I don't understand why the steel and mines secretary is asking whether the company is liquidated or not. It seems that the state government is hell bent on protecting RBTL”, he added.

Stating that RBTL is not an operating company, Singhdeo said that the power of attorney given by RBTL to one Shakti Ranjan Das is an act of overarching fraud and it involves the vested interests of many influential people in the state government.

An official source, however, said that the division bench of the Patna High Court had given a stay order soon after the court gave the verdict that RBTL is a liquidated company.

“Our enquiry into the RBTL case is underway and this enquiry would be free, fair and transparent”, the source added.Meanwhile, the BJP slammed the vigilance probe launched by the government into the mining scam saying it is wasting time and energy by raiding different mining companies instead of focusing on RBTL.

The BJP also hit out at the state government on its recent announcement of a four per cent monetary incentive for the government officials for reporting mineral theft. Under the service rules, the government officials cannot be offered incentives as they are paid for discharging duties, said Singhdeo

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end lower ahead of May F&O expiry
- Parsvnath posts Rs 23 cr loss in Q4
- Educomp net down 57% at Rs 61 cr in Jan-Mar qtr
- DLF Q4 net plunges 39% to Rs 211 cr
- Provogue Q4 net profit down 71% at Rs 1.81 cr
  Read Business news in 
- India's no. 1 Property Site. Click here to know more
- Help a Child Achieve her. Click to know more
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Learn How One City is Running on FOOD SCRAPS.
- 1 billion in saving for Unilever without any tangles.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
- 2 Lac Apartments, 1 Lac House / Plots. Click here
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Vodafone notice on arbitration premature: Govt
- Coal blocks for infrastructure projects get GoM nod
- Tata Motors skids as margins dip at JLR
- Toyota looks at more small cars for India
- Rupee-sensitive stocks risky for new investors
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us