Amanath Bank bailout case: High Court asks Jaffer Sharief to pay Rs 43 crore to

The High Court on Monday directed former union minister C K Jaffer Sharief, one of the shareholders in Amanath Co-operative Bank Ltd (ACB), to pay Rs 43 crore to the High Court registry within two weeks towards the amount to be deposited for revival of the bank.

Justice S Abdul Nazeer passed the order hearing the petition filed by Masjid and Madrasa Arabia Waliullah seeking directions from the court to revive the bank as it is facing financial crisis due to irregularities.

In June 2015, the High Court had directed Sharief to file an affidavit on his promise to raise Rs 67 crore to bail ACB out of its financial crisis.

The court had sought details of the money to be raised and when would the former minister pay the promised money. Sharief had offered to raise Rs 67 crore to revive the bank instead of its proposed merger with Canara Bank.

On Monday, the bench
also directed the government counsel to submit reports with regard to proceedings pending before the lower court against Rahman Khan, former union minister.  The bench adjourned the next hearing to September 15.

Fire safety in high-rises
The High Court on Monday disposed of a PIL seeking directions to implement the guidelines issued on July 7, 2011 with regard to the fire safety measures in high-rise buildings in the City. The PIL was filed by Beyond Carlton, a group of family members who had lost their loved ones in the Carlton Towers fire mishap in 2010.  The petitioners had sought directions from the court to inspect all high-rises in the City for fire safety, as mandated in the notification issued on July 7, 2011.

The petitioners wanted regular inspection and the court to monitor the inspection reports prepared by the authorities.  A division bench comprising acting Chief Justice S K Mukherjee and Justice B V Nagarathna disposed of the petition directing the authorities to ensure fire safety alarms are installed and are conducted regular inspections.

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