Anil Ambani-led Reliance Group on Wednesday said it has sent a Rs 1,000 crore defamation notice to Mumbai Congress president Sanjay Nirupam for making “false and baseless” allegations against the company. The company will also file a contempt petition against Nirupam in the Bombay High Court, it said.

Nirupam had on Tuesday alleged that the “takeover” of debt-ridden Mumbai power business of Reliance Infrastructure by Adani Transmission Ltd was a deal executed at the behest of the Prime Minister’s Office to “bail out” Anil Ambani.&nbsp

“Nirupam has made several false, frivolous and baseless allegations and defamatory statements in relation to the proposed sale of Reliance Infrastructure’s integrated Mumbai power business to Adani Transmission and linking it with the purchase of Rafale fighter aircraft by the government from France,” the company said in a statement here.

The Reliance wants Nirupam to immediately withdraw his allegations and apologise within 72 hours after the receipt of the notice, the statement said. The company also demanded that Nirupam “desist from making any such statements concerning the Reliance Group without first ascertaining the facts.”

RInfra had signed an agreement with Adani Transmission for 100 per cent sale of its Mumbai power business for a total consideration value of Rs 18,800 crore. With the execution of the deal, the company hopes to become debt-free and with up to Rs 3,000 crore cash surplus. “We fear that the liability of both the companies will be passed on to the 30 lakh power consumers in Mumbai suburbs, 10 lakh of whom are slum dwellers,” Nirupam had said yesterday while underlining the need for “transparency” in executing such mega deals.

When contacted on Wednesday, Nirupam said he was yet to receive any such notice. He, however, was unfazed, saying he would continue to raise such issues in future too to ensure that the people of the city are not subjected to hardships. “Does demanding transparency in the deal and seeking the proper investigation into it amount to defamation?. If this is defamation, so be it,” the Congress leader said Wednesday.

“Instead of threatening me with defamation, the company should address the issues raised by me and ensure 30 lakh electricity consumers in suburban Mumbai are not put to any hardships of power tariff hike,” he said. He added that he already has a Rs 100 crore defamation suit filed against him in Bombay High Court, which is still pending.

Nirupam had on Tuesday alleged that the "takeover" of debt-ridden Mumbai power business of Reliance Infrastructure by Adani Transmission Ltd was a deal executed at the behest of the Prime Minister's Office to "bail out" Anil Ambani.

Anil Ambani-led Reliance Group on Wednesday said it has sent a Rs 1,000 crore defamation notice to Mumbai Congress president Sanjay Nirupam for making “false and baseless” allegations against the company. The company will also file a contempt petition against Nirupam in the Bombay High Court, it said. Nirupam had on Tuesday alleged that the “takeover” of debt-ridden Mumbai power business of Reliance Infrastructure by Adani Transmission Ltd was a deal executed at the behest of the Prime Minister’s Office to “bail out” Anil Ambani. “Nirupam has made several false, frivolous and baseless allegations and defamatory statements in relation to the proposed sale of Reliance Infrastructure’s integrated Mumbai power business to Adani Transmission and linking it with the purchase of Rafale fighter aircraft by the government from France,” the company said in a statement here. The Reliance wants Nirupam to immediately withdraw his allegations and apologise within 72 hours after the receipt of the notice, the statement said. The company also demanded that Nirupam “desist from making any such statements concerning the Reliance Group without first ascertaining the facts.” RInfra had signed an agreement with Adani Transmission for 100 per cent sale of its Mumbai power business for a total consideration value of Rs 18,800 crore. With the execution of the deal, the company hopes to become debt-free and with up to Rs 3,000 crore cash surplus. “We fear that the liability of both the companies will be passed on to the 30 lakh power consumers in Mumbai suburbs, 10 lakh of whom are slum dwellers,” Nirupam had said yesterday while underlining the need for “transparency” in executing such mega deals. When contacted on Wednesday, Nirupam said he was yet to receive any such notice. He, however, was unfazed, saying he would continue to raise such issues in future too to ensure that the people of the city are not subjected to hardships. “Does demanding transparency in the deal and seeking the proper investigation into it amount to defamation?. If this is defamation, so be it,” the Congress leader said Wednesday. “Instead of threatening me with defamation, the company should address the issues raised by me and ensure 30 lakh electricity consumers in suburban Mumbai are not put to any hardships of power tariff hike,” he said. He added that he already has a Rs 100 crore defamation suit filed against him in Bombay High Court, which is still pending.

Anil Ambani’s Reliance sends Rs 1,000 crore defamation notice to Congress’s Sanjay Nirupam

India&#39;s Rs 1 note, which first came into production in 1917, completes a century on November 30.&nbsp;

The government had stopped printing the grey-coloured note with the symbol of Ashoka Pillar in 1994 but resumed printing on public demand in 2015.

The design of the note has been changed 28 times in 100 years.

The Rs 1 currency is the only one which bears the signature of the finance secretary and not the governor of the Reserve Bank of India.

The note is popularly gifted along with other currency denominations as a part of the country&#39;s religious customs.

No event has been marked to celebrate the occasion. 
&nbsp;

The Rs 1 currency is the only one which bears the signature of the finance secretary and not the governor of the Reserve Bank of India

India's Rs 1 note, which first came into production in 1917, completes a century on November 30. The government had stopped printing the grey-coloured note with the symbol of Ashoka Pillar in 1994 but resumed printing on public demand in 2015. The design of the note has been changed 28 times in 100 years. The Rs 1 currency is the only one which bears the signature of the finance secretary and not the governor of the Reserve Bank of India. The note is popularly gifted along with other currency denominations as a part of the country's religious customs. No event has been marked to celebrate the occasion.

India's one-rupee note turns 100 today

<a href="http://www.wionews.com/south-asia/india-government-approves-disinvestment-of-air-india-17379" target="_blank">Disinvestment-bound Air India has sought proposals for short-term loans</a> worth Rs 1,500 crore to meet &quot;urgent&quot; working capital needs, according to a document.

This is the second time in little over a month that the flagship carrier has floated tenders for short tenure loans even as the government is working on the modalities for the stake sale.

The debt-laden carrier, which is surviving on taxpayers&#39; money, is battling multiple headwinds, including financial woes and stiff competition.

In a document issued on October 18, Air India said it is looking for &quot;government guarantee backed Indian Rupee short-term loans totalling up to Rs 1,500 crore to meet its urgent working capital requirements&quot;.

<a href="http://www.wionews.com/business-economy/tata-chairman-says-interested-in-bidding-for-air-india-report-21203" target="_blank">Also Read:&nbsp;Tata interested in bidding for Air India: Tata Sons chairman</a>

The loan would have a tenure up to June 27, 2018, from the date of being availed and the deadline could be extended.

&quot;The amount of Rs 1,500 crore will be drawn in one -three tranches...The Government of India guarantee is valid up to June 27, 2018, or till the date of disinvestment,&quot; the document said.

With regard to the loan, the carrier has requested banks to submit their financial bids along with the amount they are willing to provide by October 26.

&quot;Air India would like to draw the short-term loan within three working days after awarding the acceptance letter to the successful bank/s,&quot; the document said.

Last month also, the airline had sought proposals for short-term loans of up to Rs 3,250 crore to meet urgent working capital requirements.

It could not be immediately ascertained whether the airline received an adequate response for the document floated last month.

As part of a turnaround plan approved by the previous UPA regime, Air India is to receive up to Rs 30,231 crore from the government subject to meeting certain performance thresholds. The 10-year bailout package began from 2012.

The embattled carrier has received around Rs 26,000 crore under the package so far.

In June this year, the Cabinet Committee on Economic Affairs (CCEA) gave its in-principle nod to the strategic disinvestment of the airline -- which has a debt burden of more than Rs 50,000 crore.

A ministerial group is now working on the disinvestment modalities, including treatment of Air India&#39;s unsustainable debt, hiving off of certain assets to a shell company, demerger and strategic disinvestment of three profit-making subsidiaries.&nbsp;

In a document issued on October 18, Air India said it is looking for 'government guarantee backed Indian Rupee short-term loans totalling up to Rs 1,500 crore to meet its urgent working capital requirements'

Disinvestment-bound Air India has sought proposals for short-term loans worth Rs 1,500 crore to meet "urgent" working capital needs, according to a document. This is the second time in little over a month that the flagship carrier has floated tenders for short tenure loans even as the government is working on the modalities for the stake sale. The debt-laden carrier, which is surviving on taxpayers' money, is battling multiple headwinds, including financial woes and stiff competition. In a document issued on October 18, Air India said it is looking for "government guarantee backed Indian Rupee short-term loans totalling up to Rs 1,500 crore to meet its urgent working capital requirements". Also Read: Tata interested in bidding for Air India: Tata Sons chairman The loan would have a tenure up to June 27, 2018, from the date of being availed and the deadline could be extended. "The amount of Rs 1,500 crore will be drawn in one -three tranches...The Government of India guarantee is valid up to June 27, 2018, or till the date of disinvestment," the document said. With regard to the loan, the carrier has requested banks to submit their financial bids along with the amount they are willing to provide by October 26. "Air India would like to draw the short-term loan within three working days after awarding the acceptance letter to the successful bank/s," the document said. Last month also, the airline had sought proposals for short-term loans of up to Rs 3,250 crore to meet urgent working capital requirements. It could not be immediately ascertained whether the airline received an adequate response for the document floated last month. As part of a turnaround plan approved by the previous UPA regime, Air India is to receive up to Rs 30,231 crore from the government subject to meeting certain performance thresholds. The 10-year bailout package began from 2012. The embattled carrier has received around Rs 26,000 crore under the package so far. In June this year, the Cabinet Committee on Economic Affairs (CCEA) gave its in-principle nod to the strategic disinvestment of the airline -- which has a debt burden of more than Rs 50,000 crore. A ministerial group is now working on the disinvestment modalities, including treatment of Air India's unsustainable debt, hiving off of certain assets to a shell company, demerger and strategic disinvestment of three profit-making subsidiaries.

Air India seeks Rs 1,500 crore short term loans

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Anil Ambani’s Reliance sends Rs 1,000 crore defamation notice to Congress’s Sanjay Nirupam

India's one-rupee note turns 100 today

Air India seeks Rs 1,500 crore short term loans