Top news at 1 pm on Dec 23: I-T dept seizes Rs 39 cr from Kotak Mahindra bank, Chinese media suggests India to join CPEC and more

According to reports, the IT sleuths found unaccounted cash deposit worth Rs. 36.40 cr submitted in a company named Radhika Gems. The ammount was later tranferrred to NC Jewelers account in Axis Bank.

1. Delhi: I-T dept seizes Rs 39 cr from 9 fake accounts in Kotak Mahindra's KG Marg Branch; Bank denies allegations

In yet another shocking case, Income Tax department on Thursday seized Rs 39 Crore from at least nine fake accounts being operated under various names by one Ramesh Chand and Raj Kumar in Kotak Mahindra Bank's KG Marg branch in Central Delhi. 

2. Accept ‘olive branch’ extended by Pak and join CPEC: Chinese media suggests India

China will strongly oppose any attempt to label Pakistan as “supporting terrorism”, Chinese official media on Friday said and suggested India to accept the “olive branch” extended by a top Pakistani military General to participate in the USD 46 billion economic corridor.

3. Over 70 per cent Tata Motors shareholders vote in favour of resolution to remove Nusli Wadia from board

There was more than a general consensus among the shareholders of Tata Motors as over 70 per cent voted have voted to remove independent director Nusli Wadia from the board of directors.

4.SC refuses urgent hearing on plea challenging tax exemption to political parties, next hearing on Jan 11

Supreme Court on Friday refused to  give urgent hearing to a writ  petition challenging  Tax exemption to political parties. 

5. Trials of 2016: Kejriwal, Kanhiya, Mallya and other big wigs who faced legal troubles this year

The year saw trial courts in Delhi dealing with high-profile cases involving Delhi Chief Minister Arvind Kejriwal and liquor baron Vijay Mallya while the attack on JNU student leader Kanhaiya Kumar by men in black robes also made news.