Vijay says he has left his riches and joined politics, urges people to vote for his party TVK: ‘I will never lie’TVK chief, actor-politician Vijay, addressed thousands of supporters after filing his nomination. Mar 30, 2026, 18:32:47 IST By Santanu Das Share via Copy link TVK chief
A return to Formula 1 will be difficult for former Red Bull team principal Christian Horner because he has "broken quite a lot of glass", says ex-Mercedes rival Toto Wolff. Horner was sacked in July after 20 years in his role following declining form and internal disputes
Toyota has started testing the next-generation Fortuner in Thailand. The SUV was recently spotted on public roads wearing heavy camouflage. 2026 Toyota Fortuner: Toyota has started testing the next-generation Fortuner in Thailand. The SUV was recently spotted on public roads wearing heavy
To speak with his mother inside Iran, Yaser Fattahi waits in self-exile in Iraq for brief calls arranged by a cousin back home who travels close to the border between the neighboring countries where he can pick up a signal to connect them. Fattahi fled to neighboring Iraq in December
The war in Iran and the effective closure of the Strait of Hormuz - through which around 20% of the world's oil and natural gas flows - has seen fuel costs rise sharply in the past month. With the disruption expected to have a lasting impact on prices
Sterling & Wilson Urges SEBI Action; Embassy REIT Rejects Frivolous Allegation
Sterling And Wilson Urges SEBI Action; Embassy REIT Rejects Allegations As Frivolous
Sterling and Wilson Renewable Energy has urged the SEBI to act against Embassy Office Parks REIT over alleged regulatory violations. However, Embassy REIT in its disclosures, has dismissed the accusations as "false, frivolous and vexatious,
NEW DELHI: Sterling and Wilson Renewable Energy Limited (SWREL) has urged the Securities and Exchange Board of India (SEBI) to act against Embassy Office Parks REIT over alleged regulatory violations, citing criminal charges against individuals linked to the REIT's management. However, Embassy REIT in its disclosures, has dismissed the accusations as "false, frivolous and vexatious," asserting that the matter has already been rejected by multiple judicial forums and it has been held that there exists no binding contract between Embassy Energy and Sterling Wilson.
In a letter dated September 5, Sterling and Wilson reiterated that the case involves chargesheets filed by the Economic Offences Wing and Enforcement Directorate for alleged offences of cheating, criminal breach of trust, and money laundering. The company stressed that such proceedings directly impact the "fit and proper person" criteria under SEBI regulations.
Jagannadha Rao, Company Secretary and Compliance Officer of SWREL, said: "Key personnel associated with Embassy REIT are facing a chargesheet for serious economic offences, directly implicating the 'fit and proper' criteria under SEBI regulations. This situation demands regulatory intervention to protect the interests of the market and all investors."
Add Zee News as a Preferred Source
Sterling and Wilson also rejected the argument that it lacked locus standi, emphasising that SEBI's mandate covers the integrity of the entire market. Embassy REIT disclosures state that the alleged non-payment of Rs 100 crores by Embassy Energy is "baseless" and part of a "pattern of vexatious litigation" pursued by Sterling Wilson. It is also stated that the dispute stems from a 2017 contractual arrangement between Embassy Energy and an IL&FS entity. Sterling Wilson was a sub-contractor engaged by another sub-contractor (another IL&FS entity) with no direct contract or agreement with Embassy Energy.
Given the financial difficulties faced by the IL&FS group in 2018, Sterling Wilson claimed that certain payments were not forthcoming, and they demanded the same of Embassy Energy. Embassy Energy has discharged all its obligations, making a payment of Rs 777 crores in December 2020 to IL&FS Solar. Despite this, Sterling Wilson has continued its frivolous litigation against Embassy Energy at the same time seeking payment from the IL&FS sub-contractor. The disclosure also states that Sterling Wilson's claim to the extent of approximately Rs 94 crores has been accepted in the IL&FS insolvency proceedings.
The REIT pointed out that both the National Company Law Tribunal (Bengaluru) and the National Company Law Appellate Tribunal (Chennai) have dismissed the claims, ruling that no contractual relationship existed between EEPL and Sterling Wilson Private Limited (SWPL).
Embassy REIT also stated that SWREL has initiated criminal proceedings against individuals not responsible for EEPL's operations. It clarified that Jitendra Virwani has never been a director of EEPL, and Karan Virwani resigned as a director in 2019.
Source: ZeeNews
Related Posts: Dad's fisherman life harder than Sterling and Disasi's - Maresca Spain's commitment to renewable energy may be in doubt GST Council Cuts Tax On Renewable Energy Equipment To 5% Google spurs renewable energy push for Indian Ocean data hub on Christmas Island Tech YouTuber Lamarr Wilson’s cause of death revealed by Los Angeles authorities Susie Wilson-Rowe Cancer Diagnosis Sends Shockwaves Through Women’s Cricket Bale left big boots to fill - will Wilson fire Wales to World Cup A'ja Wilson has 31 and 11 rebounds Purbayan Chatterjee And Steven Wilson Create A Historic ‘Raga Meets Prog Rock’ Moment In Mumbai Chiefs hand a shock to Russell Wilson with Justin Fields move
Max Verstappen said his current unhappiness has left all options on the table, including retirement once the current Formula 1 season ends. A winner of 71 career F1 races, which trails only Lewis Hamilton (105) and Michael Schumacher (91) all-time
21 minutes ago
The government has approved 29 applications under the electronics component manufacturing scheme entailing cumulative investment of ₹7,104 crore, a senior IT ministry official said on Monday (March 30, 2026). The Ministry of Electronics and IT (Meity) Secretary, S Krishnan
21 minutes ago
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.Amazon Gaming Fest ends tomorrow! 10 price drop deals on gaming laptops you can't missAt Amazon Gaming Fest you can enjoy discounts up to 35% on the most popular gaming laptop series
21 minutes ago
Valanka Alemao exerted sustained pressure to include Churchill Brothers in ISL: AIFF Published on: Mar 30, 2026 5:48 PM IST PTI Share via Copy link Valanka Alemao exerted sustained pressure to include Churchill Brothers in ISL: AIFF Key Takeaways Summary is AI-generated The All India Football
21 minutes ago
A week since the explosive debut of Steel Ball Run: JoJo’s Bizarre Adventure, excitement has unsurprisingly curdled into a coordinated wave of frustration, with fans flooding Netflix’s social media comment sections demanding clarity on the anime’s release schedule
21 minutes ago
The price of a PlayStation is going up by another $100, the second time in less than a year that Sony has upped the price tag on its popular gaming console. Citing “continued pressures in the global economic landscape,” the Japanese company said that as of next Thursday, the PS5 will cost $649
21 minutes ago
Dermatologist explains 6 causes of dark circles and how to figure out what’s causing yours; it’s not just lack of sleepDark circles are popularly blamed only on fatigue and lack of sleep. However, some causes may be much deeper, shares Dr Jain. Updated on: Mar 30
21 minutes ago
Launching a sharp attack on Narendra Modi, Congress leader Rahul Gandhi on Monday (March 30, 2026) alleged that the Prime Minister remained silent on the Sabarimala issue during his Kerala visit, indicating that “the BJP-LDF works together.” Addressing a Congress election meeting in Adoor in
21 minutes ago
Capricorn April 2026 Monthly Horoscope: Unlock your Monthly Horoscope with expert predictions on career, finance, health, love, family, and life. See what the stars hold this month! Capricorn April 2026 Monthly Horoscope: As April unfolds with powerful celestial shifts
21 minutes ago
The move aims to boost domestic production, strengthen India’s global supply chain position, and accelerate growth in the country’s rapidly expanding digital economy. New Delhi: The government on Monday approved 29 new applications under its electronics component manufacturing scheme
21 minutes ago
A landlord owns a property (comprising land and an independent house on that land) in Chennai as 100% owner now. He plans to retain 25% ownership and settle 75% of the said property to his wife and two children. Once the settlement happens, the said landlord
21 minutes ago
A recent case also highlighted that while tenants have rights, these cannot override safety concerns if a building becomes dangerous. New Delhi: Tenants often face situations where landlords delay or completely ignore essential repair work. Indian law, however
21 minutes ago
Do you get the urge to poop while running? Gastroenterologist explains ‘runner's poop’ and shares ways to avoid itGetting the urge to have a bowel movement while running is not a rare experience, but can be quite embarrassing. Dr Salhab shares practical ways to avoid it. Published on: Mar 30
21 minutes ago
J-K weather update: It is March, the weather of spring, but it looks like the "Chillai Kalan," the harshest winter days of Kashmir. According to the Meteorological Department, intermittent light to moderate rain and snowfall, accompanied by gusty winds
21 minutes ago
Southeast Asian nations are urging China to fulfill energy security pledges by resuming fertilizer and fuel exports, but Beijing remains focused on its own economy. Analysts doubt China will significantly ease export bans, prioritizing domestic needs over regional stability despite its stated
21 minutes ago
RJD leader Tejashwi Yadav alleged that Nitish Kumar resigned from the Bihar Legislative Council under pressure from the BJP, claiming the decision was not independent. Kumar stepped down to meet constitutional requirements after his election to the Rajya Sabha
21 minutes ago
Hyundai Venue Safety Rating: The Hyundai Venue has secured a 5-star safety rating in the Bharat NCAP crash tests, marking a strong milestone for the compact SUV. Hyundai Venue Bharat NCAP Rating: The Hyundai Venue has secured a 5-star safety rating in the Bharat NCAP crash tests
21 minutes ago
Voters in West Bengal face uncertainty regarding appeals against electoral roll exclusions. While online appeals are enabled, a clear offline process is missing. This creates anxiety for those without digital access. Judicial tribunals are set up, but timelines remain unclear
21 minutes ago
The spokesperson of Iran’s Foreign Minister on Monday said that Pakistan’s forums on the West Asia conflict were its own and that Tehran was not involved in them. “Regional calls to end war are welcome, but remember who started it!” the statement said
21 minutes ago
Bookings began on March 26 and received a quick response from both government employees and general buyers, showing growing interest in affordable housing options in Delhi. New Delhi: The Delhi Development Authority (DDA) has seen strong demand for its latest housing schemes in Narela
21 minutes ago
In the late 1930s, in a small corner of Thayyur, Thrissur, a couple had their third girl child, and no one ever predicted that she would later become one of the first Indian women and Malayali to meet the father of the atomic bomb, J. Robert Oppenheimer. This is the story of T.K Radha
21 minutes ago
IIT Madras Admission 2026: MTech, MSc and MA programs application process begins, apply link here Updated on: Mar 30, 2026 3:52 PM IST By HT Education Desk Prefer HTon Google Quick Read Share via Copy link Indian Institute of Technology, Madras has opened the application process for MTech
21 minutes ago
Weeks after being elected to the Rajya Sabha, Chief Minister Nitish Kumar, resigned from his membership of the Bihar Legislative Council (MLC), on Monday. The resignation was submitted to Council Chairman Awadhesh Narayan Singh at the Chief Minister’s official residence
21 minutes ago
Ketu transit in Magha Nakshatra 2026: An astrologer breaks down its impact on your zodiac signAccording to an astrologer, the last times this transit occurred (2007–08 and 1988–89), the world saw shifts in leadership and identity. Read on to know more. Updated on: Mar 30
21 minutes ago
Mining group Vedanta has approached the Supreme Court seeking a stay on the proposed takeover of the now insolvent Jaypee group’s assets by billionaire Gautam Adani’s Adani group, Moneycontrol reported on Monday. The case is expected to come up for hearing in the next couple of weeks
21 minutes ago
Woman records man staring at her, making vulgar gesture on train: 'Very disturbing and creepy'The woman claimed that the incident occurred on March 15 while she was travelling alone from Changanacherry to Ernakulam South on the Vanchinad Express. Published on: Mar 30
21 minutes ago
Myanmar's military chief Min Aung Hlaing has been nominated for the presidency as parliament convened on Monday, following a general election from which the biggest opposition parties were excluded. Min Aung Hlaing is certain to be chosen, as he was nominated in parliament alongside two loyalists
21 minutes ago
