Former chief justice of India Chandrachud says Viceroy report on Vedanta Group lacks credibility
New Delhi (PTI): US short seller Viceroy Research's report on the Vedanta Group "lacks credibility" and the firm would be well-placed to seek legal remedies, former chief justice of India D Y Chandrachud has said.
Justice Chandrachud's remark came after Vedanta sought an independent legal opinion from the former chief justice in relation to the allegations made in the Viceroy Research report, the company said in a regulatory filing on Friday.
According to the filing, the former CJI has opined that "Viceroy has a track record of taking short positions in listed companies and then publishing misleading reports to profit unlawfully from the resulting market impact".
The Viceroy Research's report on the company contains serious allegations, causing harm to the Vedanta Group's business and reputation, Justice Chandrachud said.
"The report contains serious imputations such as "ponzi scheme" and "parasite", which have caused harm to querist's (Vedanta's) business and reputation," he said, adding, "in these circumstances, the querist would be well-placed to seek legal remedies."
The US short seller in its July 9 report had called billionaire Anil Agarwal-led British firm Vedanta Resources a "parasite" that is "systematically draining" its Indian unit, an allegation which the group called as "selective misinformation and baseless" aimed at discrediting the firm.
Viceroy Research took a short position against the debt of Vedanta Resources, the UK-based parent of Indian miner Vedanta Ltd, alleging that the group "is a house of cards built on a foundation of unsustainable debt, looted assets, and accounting fiction".
Vedanta had responded, saying the report was "a malicious combination of selective misinformation and baseless allegations" and that its authors issued it without contacting the group.
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Yenepoya University conducts autism awareness campaign in Mangaluru
Mangaluru: The Department of Occupational Therapy at Yenepoya (Deemed to be University) conducted a community-based Autism Awareness Campaign at Fiza Mall and Ullal Beach in the city.
The campaign was aimed at promoting awareness, inclusion, and early identification of autism, in line with the global theme, “Autism and Humanity – Every Life Has Value.”
The programme was led by Dr. Dhayanithi K and Dr. Ananya Jana as organising chairpersons, with Dr. Anas, Dr. Amanda S. Phillip, and Dr. Ansu V. David served as organising members.
Students of the Bachelor of Occupational Therapy (BOT) programme participated in conducting the campaign.
The event included activities such as flash mobs, street plays, face painting, mehendi, and direct interaction with the public.
These activities focused on highlighting early signs of autism, the need for early intervention, and the importance of inclusion and acceptance of individuals with autism.
The campaign reached around 300 to 500 members of the public. It also provided students with practical exposure to community-based rehabilitation and public health education.
As part of the initiative, QR-based digital resources were introduced to help the public access reliable information on autism.
“Awareness is the first step towards inclusion, and early intervention can significantly improve outcomes,” the organising team said.
The department thanked the university for its support in organising the campaign. It also acknowledged the cooperation of the management of Fiza Mall and the Ullal Beach Police Department in facilitating the event.
