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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On Good Friday, Goa CM calls for following Christ’s teachings
Panaji (PTI): Goa Chief Minister Pramod Sawant on Friday urged people to reflect on the sacrifice of Jesus Christ and the values of love and redemption on the solemn occasion of Good Friday.
In a post on X, Sawant said the teachings of Jesus Christ on compassion, forgiveness and selflessness should continue to guide people towards peace and righteousness.
“On this solemn occasion of Good Friday, let us reflect on the sacrifice of Lord Jesus Christ and the values of love and redemption he stood for,” the chief minister said in the post.
He said Christ’s message of love, compassion and forgiveness continues to remain relevant and inspires society to follow the path of peace and righteousness.
Good Friday marks the crucifixion of Jesus Christ and is observed by Christians across the world as a day of prayer, reflection and remembrance. The coastal state of Goa has a sizeable population of Christians.
