Mumbai, Aug 18 (IANS) The Central Bureau of Investigation (CBI) late Saturday evening arrested one of the two gunmen who killed Maharashtra rationalist Narendra Dabholkar in 2013, official sources said here.
"Sachin Prakashrao Andure of Aurangabad is one of the two persons who shot at (Dr) Dabholkar. Further investigations are underway," a CBI official said.
The arrest comes just two days before the 5th death anniversary of Dabholkar, 67, who was shot dead while on a morning walk near his Pune home on August 20, 2013.
The tip-off for the arrest came from the Maharashtra Anti Terrorist Squad (ATS), Thane, which had arrested three persons in a different case of explosives seizure.
During custodial interrogation, one of these three made the sensational revelation that he and another person (Andure) were directly involved in the Dabholkar killing which hit national headlines.
The Thane ATS alerted the CBI of the development, which in turn summoned Andure and confirmed the information given by his accomplice. The CBI arrested Andure during late evening hours in Pune.
Dabholkar, a well-known rationalist and anti-superstition activist who founded the Maharashtra Andhashraddha Nirmoolan Samiti (MANS), was shot and killed by two motorcycle-borne assailants near Omkareshwar Temple in Pune.
The case was initially investigated by the Deccan police, but following a furore, it was transferred to the CBI in May 2014, with the agency increasing the reward money on the killers from Rs 10 lakh to Rs 25 lakh.
Shortly after Dabholkar's murder, the state enacted the country's first legislation against superstition and black magic. The activist was posthumously conferred the Padma Shri in 2014.
Since then, the All Indian Peoples Science Network (AIPSN) and others observe his death anniversary (August 20) as "National Scientific Temper Day" to create awareness against superstitions.
Mumbai, Aug 18 (IANS) Corporate Affairs Secretary Injeti Srinivas on Saturday said maximisation of asset-value of insolvent companies and being fair to lesser creditors are vital for the success of the Insolvency and Bankruptcy Code (IBC).
"For the IBC to achieve a path-breaking success, the maximization of the asset-value of the insolvent company and attaining a balance with regards to the interests of all creditors is vital," said Srinivas speaking on the IBC at a CII conference here.
On achievements of the Code, he stated that the insolvency cost in many cases under the insolvency resolution process is 1 per cent as against the 9 per cent under the now dissolved Board for Industrial and Financial Reconstruction (BIFR).
Srinivas pointed out that the haircut, or the loan losses, given to the creditors needed to be seen from the perspective of the enterprise value and not from the claimed value, which includes interest, penal interest and compounding interest.
Insolvency and Bankruptcy Board of India (IBBI) Chairman M.S. Sahoo said challenges are related to the haircut offered to the creditors and the fiduciary duty of financial creditors with regards to other stakeholders of the bankrupt company.
"The financial creditors have the right to decide the haircut but at the same time they should delimit the haircut for other creditors. The committee of creditors being a statutory body is at the position of being a trustee," Sahoo stated.
The Code is not only a mechanism of recovery for the creditors but also an opportunity to revive the insolvent company, Sahoo added.
CII President Designate Uday Kotak lauded the pro-active approach of the government and regulators with respect to making appropriate and timely changes to the Code.
Kotak said one of the most noteworthy achievements of the Code is the caution and discipline the system has infused while borrowing money from the market.
CII National Committee on Legal Services Chairman Shardul Shroff highlighted the challenge related to Information Utility that is weak due to the tough regime of privacy in India. It is leaving a gaping hole in the success of the Code, he said.
E-admission on template basis for insolvency cases should be allowed and National Company Law Tribunal (NCLT) should act as a one-stop shop for the submissions under the Code, Shroff added.