Delhi HC Refuses to Quash FIR Against KJS Cement Executives
ECONOMY & POLICY

Delhi HC Refuses to Quash FIR Against KJS Cement Executives

The Delhi High Court has declined to quash a second FIR filed against KJS Cement's Managing Director and directors in connection with alleged financial misconduct. The FIR pertains to allegations of irregularities and financial mismanagement within the company, following investigations into fraudulent activities. The court's decision means that the legal proceedings will continue, and the accused individuals will have to face trial as per the charges.

KJS Cement, a leading player in India's cement industry, has been under scrutiny for some time regarding its financial dealings. The ongoing legal battles could potentially impact the company’s reputation and operations, especially in the highly competitive cement sector. The High Court's ruling reinforces the commitment of the judiciary to uphold transparency and accountability in corporate governance.

The case highlights the growing focus on corporate fraud and the need for stricter enforcement of regulations within India's business environment. With the legal proceedings underway, KJS Cement's management will need to address the concerns raised by regulators to ensure the company's continued growth and market position.

The Delhi High Court has declined to quash a second FIR filed against KJS Cement's Managing Director and directors in connection with alleged financial misconduct. The FIR pertains to allegations of irregularities and financial mismanagement within the company, following investigations into fraudulent activities. The court's decision means that the legal proceedings will continue, and the accused individuals will have to face trial as per the charges. KJS Cement, a leading player in India's cement industry, has been under scrutiny for some time regarding its financial dealings. The ongoing legal battles could potentially impact the company’s reputation and operations, especially in the highly competitive cement sector. The High Court's ruling reinforces the commitment of the judiciary to uphold transparency and accountability in corporate governance. The case highlights the growing focus on corporate fraud and the need for stricter enforcement of regulations within India's business environment. With the legal proceedings underway, KJS Cement's management will need to address the concerns raised by regulators to ensure the company's continued growth and market position.

Next Story
Real Estate

GCCs to create 4.25-4.5 lakh jobs in 2024, 1 million by 2030: NLB

GCC 4.0 is expected to create 4.25–4.5 lakh new jobs this year, with 35 per cent of GCCs eyeing 50-100 per cent workforce expansion, says, ‘India’s Talent Takeoff-The GCC 4.0 story’ report by NLB Services, a leading global technology and digital talent solutions provider. The report is an in-depth analysis of hiring trends in the GCC segment for CY2025 and the outlook till CY2030. The report states that fuelled by its vast skilled workforce and supportive policies, India has emerged as the top GCC destination, and GCCs are expected to generate 1 million jobs in the next six years...

Next Story
Infrastructure Urban

BorgWarner to Supply Transfer Cases for SAIC Maxus Exports

BorgWarner is supporting SAIC Maxus by supplying its locally developed and manufactured transfer cases. BorgWarner will provide SAIC Maxus with two types of transfer cases: an on-demand transfer case with mechanical locking and a high-torque part-time transfer case. Mass production is expected to begin in Q3 2026. “BorgWarner’s relationship with SAIC Maxus spans more than a decade. Our transfer case technology not only supports SAIC Maxus in strengthening its position in the Chinese market but also empowers its expansion into overseas markets,” said Isabelle McKenzie, Vice President of ..

Next Story
Real Estate

Residential Supply Near Employment Hubs in NCR Soars

Magicbricks, India’s leading real estate platform, has revealed significant growth in residential demand and supply across key areas in the National Capital Region (NCR), particularly in locations near IT parks, industrial zones, and commercial hubs. These strategically located regions, benefiting from superior connectivity and infrastructure development, are attracting homebuyers and investors alike. According to the latest insights, Techzone 4, Greater Noida has recorded a remarkable 449 per cent Year-on-year (YoY) increase in supply, while Sector 89, New Gurugram has reported a 300% YoY ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?