Biotechnology
Govts silent as seed companies push GM cotton sales
07 Jan 2020
A global investment company with interests in biotech and agro-chemical companies, is reported to be pushing GM seed through Shetkari Sanghatana while simultaneously putting pressure on the Modi government for grant of Genetic Engineering Appraisal Committee approval for these seeds
NCLAT allows promoters of insolvent Sterling Biotech to regain control
05 Sep 2019
For regaining control of the firm under liquidation, the NCLAT said promoters of companies facing bankruptcy proceedings must make full payment to lenders
ED attaches Sterling Biotech assets worth Rs9,778 cr in bank fraud case
27 Jun 2019
Promoters of Sterling Biotech diverted loan funds for non-mandated purposes, layered and laundered through a web of multiple domestic as well as offshore entities, siphoned off loan funds to finance their Nigerian oil business, and even used these for their personal purposes, the ED stated
CCI probe finds market abuse by Monsanto arm in India: report
22 May 2019
Besides overpricing its Bt cotton seed in India, the Monsanto joint venture MMBL also charged higher trait fees from seed producers in Haryana, Punjab and Rajasthan, reports citing the CCI report said
Haryana probing suspected Bt brinjal crop
07 May 2019
Supreme Court holds Monsanto’s patent on GM cotton seeds valid in India
08 Jan 2019
For Monsanto, now owned by German pharma and life sciences major Bayer AG, the apex court ruling involving its business in the world’s biggest producer of the fiber comes as a rare victory
Sterling Bio director Nitin Sandesara, family flee Rs5,000-cr fraud probe
25 Sep 2018
CBI and the ED had, last year, booked five directors of Gujarat-based Sterling Biotech, besides chartered account Hemant Hathi, former Andhra Bank director Anup Garg and some others for cheating banks to the tune of Rs5,300 crore but does not have any clue now about their whereabouts
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