Skip to main content

Senior Director of Actis embroiled in defamation case u/s 499, read with Section 500 of the IPC

The Addl Chief Metropolitan Magistrate, Dadar, Mumbai has passed an Order, against Mr Ganapati Rathinam, Senior Director, Actis (Global PE Fund), for an offence punishable under Section 500 of the Indian Penal Code, on 17 Jun 2017.

 Accordingly the Court has issued Summons against Mr Rathinam for having committed such serious criminal offence of defamation against an ex Senior Official of Supermax Group of Companies. 

The Order has been passed based on the complaint filed by Mr Subhash Chaudhuri, ex Vice President (Operations & Corporate Affairs) of Supermax Group of Companies, as well as the ex- Managing Director of one of the overseas Units of Supermax Group of Companies.  The said accused Mr G Rathinam, is a Senior Director of Actis, which is a key shareholder in the Supermax Group of Companies.

As per the complainant, the accused should have refrained from making such highly defamatory remarks against him, since he had been working in a professional capacity and taking strategic decision, keeping in mind, the overall interest of the company as well as protecting the shareholder value and not to succumb to the pressures of lust and greed of individual Directors of Actis, who had a personal  and hidden agenda of profiteering  out of the sale of prime land which are being used for manufacturing operations and providing jobs to several thousands of people of local populace.

In his Order, dated 17 Jun 2017, SJ Biyani, Addl Chief Metropolitan Magistrate, V Court, Dadar, Mumbai, considering the submissions of the complainant and evidence adduced in the complaint, the complainant has made out a prima facie case against the accused Mr Ganapati Rathinam, for offence, punishable under Section 500 of the Indian Penal Code.

Accordingly he has passed an Order against Mr Ganapati Rathinam, and issued Summons, for having committed offence, punishable u/s 500 of the IPC.


Popular posts from this blog

Cloud Computing powering India’s priority of ‘Digital-first country’

By: Sunil Mahale, India MD and VP, Nutanix
Digital transformation has been recognized as being vital to the growth of our nation. This transformation has enjoyed the unanimous approval and contribution from all stake holders including enterprises, MSMEs, government bodies and citizens. But this level of adoption in a country with a population of over a billion people would need a robust technology base that is capable to collecting and distributing vital data seamlessly.
Digital India envisions creating high speed digital highways, that will impact commerce and create a digital footprint for every individual. Technologies based on mobility, analytics, Internet of things and most importantly, cloud technologies are the building blocks for the digital India missionThere is a growing need to manage huge volumes of data, and making them readily available to public through digital cloud services. Cloud has a pivotal role in enabling this change.
While Data centers have become crucial to th…

RevStart launches its RevItUp Incubation Programme

Underlining its vision of creating a nurturing ecosystem for start-ups to grow in, RevStart, a co-working and incubation centre, has announced the launch of its RevItUp Incubation Programme. The 12-week long programme will be held at RevStart Incubation Centre in Noida from July 1, 2018 onwards. As part of the programme, RevStart will select five high potential start-ups from the ed-tech sector, AI, Consumer Internet, Sustainability, as well as for-profit social impact companies to assist them with developing their business, along with connecting them to global mentors across industries and sectors. In addition, start-ups selected for the programme will receive INR 5 lakh to Rs. 25 lakhs worth of cash and benefits, while RevStart will get an equity stake in the ventures.
The RevItUp Incubation Programme has been created to enhance the founding team’s industry, product, and company building knowledge and capabilities through a world-class curriculum. The programme will focus on tailor…

Insurtech startup Kruzr raises $1.3 Million from Saama Capital and Better Capital

InsurTech startup Kruzr has raised 1.3 Million USD (Rs. 9.5 Cr) for its seed round led by Saama Capital with participation from Better Capital. Kruzr is a preventive motor insurance technology which helps insurance companies personalize policy premiums & improve their risk model by delivering an engaging preventative driving assistant to their customers. Kruzr is founded by Pallav Singh, Ayan, and Jasmeet Singh Sethi.

Kruzr blends the power of voice technology and artificial intelligence in its personal driving assistant that helps drivers minimize mobile distractions, drowsy driving, speeding and external risks like weather and accident-prone zones. In pilots with insurers, Kruzr managed to cut down distracted driving by 80%. Kruzr is working with motor insurance companies in Europe, UK and India to bring its technology to their customers to prevent accidents & improve claims.

“Road accidents cause over 1.3 million deaths globally every year, and motor insurance companies los…