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YES Bank Collapsed !! Who is next? Is it Kotak Mahindra Bank Limited?



The Enforcement Directorate has also issued a lookout notice against Rana Kapoor, Ex-promoter & Director of YES Bank to keep him from leaving the country. ED officials are reportedly recording Kapoor’s statement in connection with DHFL scam, where the company siphoned off Rs 13,000 crore via 79 shell companies. YES, Bank had extended massive loans to DHFL, which later turned bad, adding to the bank’s losses, reports said.

This is serious of banking fraud in the country in which IL&FS, Dewan Housing Finance Limited, and PMLC Bank are included. Now a question  arises Who is next?

FIR No. 120/2019 registered against Kotak Mahindra Bank Ltd and six other accused including Mr. Uday S. Kotak, MD & CEO

As reported earlier an FIR No. 0120/2019 dated 19/10/2019 has been registered at PS Barakhamba Road, New Delhi against Kotak Mahindra Bank Ltd and six other accused including Mr. Uday S. Kotak, MD & CEO, for their role in a scam of forgery of documents vide order dated 14.10.2019 of MM Patiala House Courts, New Delhi who has taken view that as the matter requires investigation by police, several documents are to be collected and verified and a number of persons are to be examined.

After registration of the said FIR for committing fraud and forgery by Kotak Mahindra Bank and others including Uday S. Kotak and Anand Mahindra, Bagla family has also filed a complaint with the Court of Chief Metropolitan Magistrate, New Delhi, under Section 200 r/w 190 Cr. P.C. for taking cognizance of offenses Committed U/s 211 (IInd Part), 499/500, 501, 502 r/w 120B/34 IPC, against Kotak Mahindra Bank Ltd & others.

In the complaint apart from one Virendra Kumar Sharma, Kotak Mahindra Bank and its Directors & Company Secretary and other officers namely Mr. Uday Suresh Kotak, Managing Director, The Regional Manager, Kotak Bank (Delhi & NCR), Mr. Anand Mahindra, Mr. Shivaji Dam, Mr.Chengalath Jayram, Dipak Gupta, Ms.Bina Chandarana, Company Secretary, Mr. Chandra Shekhar Prasad (The Then Deputy Manager, Legal),  Mr. Sanjay Kumar, Officer, Kotak Bank, and CVIL Infra Limited and Bennett Coleman & Company Ltd., were made accused.

It has been alleged in the complaint that the above named accused in connivance with the each other, falsely implicated one Bhupendra Bagla son of Dr. Santosh Kumar Bagla (a renowned business family based at Mumbai & Delhi) in a criminal case by using forged and fabricated documents created and used by the above named accused.

Transfer of FIR No. 120/2019 to DIU/NDD Mandir Marg, New Delhi

Further, on filing the status report on 10.12.2019 in FIR No. 120/19 U/s 420/34 IPC has been registered on 19.10.2019 and the case was entrusted to SI Sanjay Kumar P.S. Barakhamba Road, New Delhi. Thereafter, the case file was transferred to DIU/NDD, Mandir Marg and further investigation is being taken over by SI Sanjay Kumar, DIU/NDD.

Subsequently, DIU/NDD issued Notice U/s 91 Cr. PC to Mr. Uday Kotak  (Vice- Chairman & Managing Director), Mr. Chengalath Jayaram (Joint Managing Director), Mr. Deepak Gupta (Director) and the Concerned Officials, where he has directed all the above to produce the required documents/articles before the undersigned within three days of receipt of the said Notice.

Complaint about Malicious Prosecution and defamation by Bagla family against Kotak Mahindra Bank and others including Uday Kotak and Anand Mahindra.

After registration of an FIR for committing fraud and forgery by Kotak Mahindra Bank and others including Uday S. Kotak and Anand Mahindra, Bagla family has also filed a complaint with the Court of Chief Metropolitan Magistrate, New Delhi, under Section 200 r/w 190 Cr. P.C. for taking cognizance of offences Committed U/s 211 (IInd Part), 499/500, 501, 502 r/w 120B/34 IPC, against Kotak Mahindra Bank Ltd & others. 

Direction of PMO to the Secretary, Department of Financial Services (Banking Division) in the matter of conspiracy and forging and fabricating of documents by Kotak Mahindra Bank.

Bagla family has sent a Representation / Complaint dated 14th August 2019, against the frauds, forgery, and illegalities of Kotak Mahindra Bank and its officials for taking appropriate action against Mr. Uday Suresh Kotak, MD & CEO and his other associates i.e. Directors/officials of Kotak Mahindra Bank and other person involved in the conspiracy of committing the offense against the Bagla family, to Hon’ble President of India, Prime Minister of India & Other Central & State Government authorities.

The PMO had directed the Secretary, Department of Financial Services (Banking Division) for action as appropriate in the matter of complaint against Kotak Mahindra Bank Limited, its MD & CEO Mr. Uday S. Kotak and other senior officials for alleging conspiracy, fraud and forgery of some documents. [Ref: Replies dated 03/09/2019 and 04/09/2019 from PMO with Registration No. PMOPG/D/2019/0318007 & PMOPG/ D/2019/ 0320812].

Bagla family has received replies from President Office dated 23/08/2019 with Registration No. P1/E/2308190138, wherein the Complaint of the Applicants was transferred to “The Secretary, Ministry of Finance for action as appropriate”. Also, other authorities/office has issued the instruction of the Secretary of Finance to take the action in the said matter.

New strategies of Kotak Mahindra Bank Limited to divert the issue of forgery and fabrication of documents.

As the Kotak Bank is under investigation and has to face the consequence of FIR/Complaints registered against them, therefore, after registering an FIR, Kotak Mahindra Bank Limited has made a miscellaneous application before the DRT for return of original documents filed along with original application bearing no. 57 of 2009. It is also interesting to note that forged and fabricated documents including one affidavit and a power of attorney both dated 24.08.2007 was filed by Kotak Mahindra Bank Limited before DRT as a Copy of the document. No original documents were filed by Kotak Mahindra Bank Limited. This is a tactic of the Kotak Mahindra Bank only for the delay and diverts the matter.

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Radhika Ambani donned four bespoke gowns for her $600M wedding



Radhika Ambani wedding
Radhika Ambani wedding

Radhika Ambani’s Extravagant Wedding: A Spectacle of Luxury and Elegance

Radhika Ambani, scion of the prestigious Ambani family, recently celebrated her nuptials in a ceremony that epitomized opulence and grandeur. The wedding, reportedly costing a staggering $600 million, was a showcase of luxury, bespoke fashion, and lavish celebrations.

Bespoke Elegance: Four Custom Gowns

Central to the splendor of Radhika Ambani’s wedding were the four custom-designed gowns she adorned throughout the celebrations. Each gown was meticulously crafted to reflect the bride’s exquisite taste and the grandeur of the occasion. From intricate embroidery to luxurious fabrics, every detail was carefully chosen to enhance Radhika’s beauty and elegance on her special day.

The Ambani Extravaganza: A Symbol of Affluence

The Ambani family is renowned for their extravagant celebrations, and Radhika’s wedding was no exception. Held at a luxurious venue adorned with floral arrangements and ornate decorations, the event was attended by celebrities, dignitaries, and business tycoons from around the world. The ambiance was one of unparalleled luxury, with every aspect of the wedding meticulously planned and executed to perfection.

A Celebration Fit for Royalty

Radhika Ambani’s wedding festivities spanned several days, featuring a series of events that showcased the rich cultural heritage and modern glamour synonymous with the Ambani name. Guests were treated to gourmet cuisine, live entertainment, and breathtaking performances, making it a truly unforgettable experience for all in attendance.

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Samsung Introduces All-New Pickle Mode Microwave




Now Make Authentic & Delicious Pickles in a Microwave in Just a Few Minutes

The latest range with all-new Pickle Mode Microwave is available in 28-litre capacity at a price of INR 24,990/-

Samsung, India’s largest consumer electronics brand, has introduced the all-new Pickle Mode Microwave in which consumers can make their favourite pickles, doing away with the hassle of manually sun-drying pickles over many days.

Designed for homemakers, millennials and working professionals, the new microwave with this innovative Pickle Mode enables consumers to make a variety of pickles hygienically in the comfort of their homes throughout the year. The new microwave is available in 28-litre capacity at a price of INR 24,990/-.

“At Samsung, we continuously strive to come up with India-specific innovations that address the needs of our consumers across the country. Pickles are an integral part of every Indian meal and bring back many fond memories from our childhood. With the introduction of Pickle Mode Microwave, we hope to make it easier for our consumers to savour the same delicious taste of home-made pickles prepared in a convenient, quick, and hygienic manner,” said Mohandeep Singh, Senior Vice President, Consumer Electronics Business, Samsung India.

The Pickle Mode Microwave makes it extremely convenient for individuals from all generations to prepare authentic and delicious pickles with minimum effort within minutes. The microwave can be used to make pickles from Mangoes, Green Chilly, Indian Gooseberry, Radish, Ginger, Cauliflower and Lemon.

The Pickle Mode Microwave also offers features to prepare Masalas, Tadka and Sun-dry recipes. It also come with the Slimfry feature that uses less oil for healthy cooking, the Hotblast feature which helps in preparing food up to 50% faster and a feature to make Rotis and Naans in the microwave.

About Samsung Electronics Co., Ltd. 

Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems and memory, system LSI, foundry and LED solutions. For the latest news on Samsung India, please visit Samsung India Newsroom at For Hindi, log on to Samsung Newsroom Bharat at You can also follow us on Twitter @SamsungNewsIN

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International Business School of Washington & Lovely Professional University Collaborates To Bring Global Exposure and Experience to LPU Students




Vinay Lamba, Founder and President of International Business School of Washington (IBSW), the leading education provider with headquarter in Washington DC- USA, announced collaboration with Lovely Professional University (LPU)- India, one of the largest and most prestigious universities in India, hosting 30,000 plus students to its campus.

 “Better education opens up a host of opportunities & is especially relevant in the current times we live in, where technology and education ensure that opportunities are not bound by geography,” said Vinay Lamba.

 Adding further, he says, “Education helps progress- The world economy no longer pays you for what you know, but for what you can do with what you know. This challenges not only the content of what we teach, but the ways in which we teach.” Collaboration opens a global pathway of learning, experience, and exposure to a vast number of students at LPU at an affordable tuition price point and opportunities to attend mobility programs in Washington DC, Paris, Lyon, Montpellier and Dubai. Partnership will help promote entrepreneurship, global awareness, and a humanistic outlook that includes appreciation of diverse backgrounds and viewpoints.

 IBSW offers undergraduate, postgraduate and doctorate degree programs in business administration, international marketing, information technology, global MBA, culinary arts, fashion design, tourism & hospitality and English. We share three fundamental values: openness to international markets, teaching excellence, and individual attention for each student.

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