bhubaneswar l Saturday l march 27, 2021 l `7.00 l PAGES 14 l late CITY EDITION S.C. dismisses plea to stay sale of electoral bonds The plea was moved by the Association for Democratic Reforms alleging lack of transparency in funding of political parties ‘No evidence of adverse impact on polls’ Transactions via banking channels The NGO had claimed that the sale of electoral bonds before the Assembly elections would “increase illicit funding of political parties through shell companies”. Dismissing the plea, a bench headed by Chief Justice S A Bobde said there is no evidence that electoral bonds would adversely impact elections. The SC said fresh electoral bonds can be issued from April 1 ■ ■ “The purchase as well as encashment of the bonds, happening only through banking channels, is always reflected in documents that eventually come to the public domain,” the order stated Donors can buy e-bonds from SBI and donate to political parties, which can encash them through their accounts within 15 days `1 crore Is The highest denomination value of electoral bonds CHENNAI ■ MADURAI ■ VIJAYAWADA ■ BENGALURU ■ KOCHI ■ HYDERABAD ■ VISAKHAPATNAM ■ COIMBATORE ■ KOZHIKODE ■ THIRUVANANTHAPURAM ■ BELAGAVI ■ BHUBANESWAR ■ SHIVAMOgGA ■ MANGALURU ■ TIRUPATI ■ TIRUCHY ■ TIRUNELVELI ■ SAMBALPUR ■ HUBBALLI ■ DHARMAPURI ■ KOTTAYAM ■ KANNUR ■ VILLUPURAM ■ KOLLAM ■ WARANGAL ■ TADEPALLIGUDEM ■ NAGAPATTINAM ■ THRISSUR ■ KALABURAGI Modi hails Bangabandhu, announces scholarship on Day I of B’desh visit P u s h k a r B a n a k a r @ New Delhi Prime Minister Narendra Modi on Friday began his two-day trip to Bangladesh by hailing the contributions of Bangabandhu Sheikh Mujibur Rahman and the Indian armed forces in Bangladesh’s war of liberation. “Bangabandhu gave up his life for the people of Bangladesh. Today, on the 50th anniversary of Bangladesh’s independence and Bangabandhu’s birth centenary celebrations, I remember and salute his contribution and the contributions of the Indian armed forces, mukti jodhas in Bangladesh’s war of independence,” Modi said at the National Day celebrations of Bangladesh in Dhaka. Saying that India and Bangladesh’s future together has a lot in store, he said it is important that New Delhi and Dhaka progress together. “The youth of both the countries need to be connected for better ties. I hence announce the setting up of suvarna jayanti scholarships for Bangladeshi students and also invite 50 entrepreneurs of Bangladesh Prime Minister Narendra Modi handing over the Gandhi Peace Prize conferred upon Mujibur Rahman, to his daughters Sheikh Rehana (L) and PM Sheikh Hasina, in Dhaka on Friday to visit India,” he said. Earlier, Modi presented the Gandhi Peace Prize 2020 awarded posthumously to Mujib, to Bangladesh Prime Minister Sheikh Hasina. Modi also recalled how he had participated in Bangladesh’s struggle for independence by holding a satyagraha. Meanwhile, a protest by a mob against Modi’s trip got violent, leaving four persons dead with bullet injuries.P9 Upholds Tata Sons’ decision to sack him as chairman; NCLAT order set aside Mistry’s ouster kosher: SC K a n u S a r d a @ New Delhi In a huge win for Tata Sons, the Supreme Court on Friday ruled that the ouster of former Tata Sons executive chairman Cyrus Mistry was legal, setting aside a 2019 National Company Law Appellate Tribunal (NCLAT) order that directed his reinstatement. A three-judge bench led by Chief Justice SA Bobde said, “There was no oppression of the minority shareholder (Mistry). There was no mismanagement by Tata Sons.” The apex court, however, added it was open for Tata and Mistry to work out their terms of separation. The court answered all the legal questions arising out of this dispute in favour of Tata Sons bringing an end to one of the biggest corporate battles in recent times. “If someone, aggrieved after his removal from office can en- gage in shadow-boxing through the companies controlled by him, he cannot accuse the very same person who chose him as successor to be a shadow director. Someone who gained entry through the very same door, cannot condemn it when asked to exit,” the 282-page judgment read. Welcoming the ver- Cyrus Mistry dict, Ratan Tata said the order validated the values and ethics that had always guided the Tata Group. “It is not an issue of winning or losing. After relentless attacks on my integrity and the ethical conduct of the group, the judgment is a validation of the values and ethics that have always been the guiding principles of the group. It reinforces the fairness and justice displayed by our judiciary,” he said in a statement. The ruling came on a plea that challenged the December 18, 2019 Ratan Tata NCLAT order which reinstated Shapoorji Pallonji Group scion Cyrus Mistry as the executive chairman. The dispute began when Mistry, who succeeded Ratan Tata in 2012, was ousted four years later. ‘Fair compensation’ not adjudicated The bench refused to entertain Cyrus Pallonji Mistry’s plea for fair compensation for his 18.5% stake in Tata Sons saying “the valuation of the shares of SP Group depends upon the value of the stake of Tata Sons in listed equities, unlisted equities, immovable assets etc... Therefore, we cannot adjudicate on the fair compensation” | P12 10 perish in Mumbai Covid hospital fire E X P R E S S N E W S S E R V I C E @ Mumbai AT least 10 Covid-19 patients died and several others were injured in a major fire at Sunrise Hospital in Mumbai on Friday The hospi. tal is situated on the top floor of Dreams Mall at Mulund. According to the BMC, the blaze was noticed around midnight on Thursday on the first floor, and it quickly spread to the upper floors. Chief Minister Uddhav Thackeray visited the spot and ordered an inquiry He apologised for the . incident and said the guilty won’t be spared. “In view of rising Covid-19 cases, permission was given to start new Covid treatment centres or hospitals in Mumbai. It seems there were lapses in fire safety,” he said . He also announced `5 lakh as financial help to the families of the deceased. Congress minister Aslam Sheikh said he was surprised to see a hospital inside the mall. “The Dream Mall itself has not got the occupation certificate (OC). How was the hospital set up inside the mall? Strict action will be taken against the guilty,” he added. ‘Didn’t let Students lose a year’ nessmen and storytellers.” In a different session, Subhash Kak was in conversation Much like everything else, with Indic scholar Dushyanth the biggest education con- Sridhar and senior journalist clave, ThinkEdu, went virtu- Kaveree Bamzai. Kak spoke al this year. Union minister about how he sifted through for education Ramesh Pokhri- various layers of Sanskrit lityal, in his inaugural address, erature to find a lot of subelaborated on his vision for jects, including astronomy, the National Education Poli- that had been lost for thoucy and the way ahead. He also sands of years. “It opened a spoke about how Inwhole new horizon dia was among the to me,” he said. S Vaidhyasubravery few countries maniam, Vice-Chanin the world that c e l l o r, S A S T R A didn’t let students’ Deemed-to-be Uniyear go waste. versity was in con“Even when the versation with rest of the world had Makarand Paranforegone a year, Injape, Director, Indidia ensured that its an Institute of Adstudents didn’t waste March 26-30, 7 PM vance Study, who it. Around 33 crore spoke about Swami students were given education online. Provisions Vivekananda and AI replacwere made for those who ing human teaching. “Swacouldn’t come online through miji is so important because mediums like radio,” said he takes us beyond the idea of education being some sort Pokhriyal. TNIE Editorial Director of livelihood training.” Full coverage: P7 Prabhu Chawla kicked off the ninth edition of T hinkEdu, saying: We successfully “This year, we have conducted JEE and NEET brought illuminatamid the pandemic, which ing discussions and are the country’s largest conversations about competitive exams new ideas from India’s finest thinkers Ramesh Pokhriyal, Union education minister — scientists, busiE xp r ess n ews se r vice @ Chennai
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