Rotomac Pen company loan default case: CBI files FIR
The Central Bureau of Investigation (CBI) on Monday registered an FIR against Rotomac Pen and its promoter Vikram Kothari for allegedly defaulting on loans of over Rs 800 crore from multiple banks.
The agency is currently carrying out raids at three locations in Kanpur where the company is based. Kothari, his wife, and his son are being questioned by a CBI team in connection with the case at their residence in Kanpur. Kothari was earlier rumoured to have left the country, but he clarified through local media yesterday that he was in Kanpur.
The CBI has registered a case against Rotomac, a pen manufacturer, on the basis of a complaint from the Bank of Baroda (BoB). The bank had in February 2017 declared Rotomac as a "willful defaulter". Rotomac had contested the tag in the Allahabad High Court on the ground that it had offered Rs 300 crore assets to the bank and still it was called a willful defaulter. The company had got an order in its favor but failed to pay the loans.
The Kanpur-based company's owner had taken a loan of more than Rs 800 crore from over five state-owned banks.
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Karnataka approves railway barricades in Madikeri, Nagarhole to curb human-elephant conflict
Bengaluru (PTI): Karnataka Forest Minister Eshwar Khandre on Tuesday said a 7-km railway barricade has been approved for the Madikeri division and 20 km for the Nagarhole division in 2025–26 to curb human-elephant conflict in the regions.
Responding to a proposal raised by BJP MLC Suja Kushalappa during Zero Hour in the Legislative Council, he assured that work on the proposed railway barricades would begin soon.
Citing the death of a 17-year-old girl in an elephant attack on February 28 and that of a tribal woman on March 9 in the state, the minister said these deaths caused by elephant attacks were "extremely painful".
"Human life is very precious and cannot be valued in monetary terms. The Forest Department is taking all measures to prevent human-wildlife conflict."
The minister further said steps such as maintenance of elephant-proof trenches and solar-powered fencing were being undertaken, while two elephant task forces were currently in operation.
Orders have also been issued by the Chief Wildlife Warden to capture two rogue elephants.
In both cases, Rs 5 lakh compensation has already been disbursed to the families of the deceased, and the remaining Rs 15 lakh each will be provided within a week, he added.
Khandre said the government was making sincere efforts to find a permanent solution to the human–elephant conflict.
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