Indrani...

There is also office space at Lower Parel. The value of the real estate is not mentioned in the petition.

According to the petition, the couple has agreed to divide their bank accounts and fixed deposits worth Rs 53 crore held in Syndicate bank in India, and international accounts in Banco Sabadell Atlantico in Spain and ANZ Bank in Auckland, New Zealand. They have also agreed to divide the expensive jewellery and watches kept in various bank lockers.

On September 16, Hindustan Times had reported how Indrani had written to Peter in August asking for certain possessions to be delivered in the presence of her advocates. Indrani had added a clause in the letter stating, “Any other items, i.e., the items that are in the divorce petition that I have not put in this list as yet, I will request for later.” said, “All mangroves will come under the Coastal Regulation Zone – I area and will be regulated as per the CRZ laws. The buffer zone for mangroves measuring more than 1000 square meters would also be under CRZ norms.”

The landmark judgement further directed the state to form a committee within a month that would be responsible for the preservation and conservation of mangroves and restoration of reclaimed mangrove areas. The committee is “to meet regularly and the minutes of the meetings were to be uploaded in public domain.” The judgement said that the principal secretaries of the environment, revenue and forest department would be in-charge of compliance of the above orders and oversee the working of the committee. The state must “anticipate and attack causes and consequences of degradation of mangroves.”

For the general public, the court ordered that a grievance redress mechanism – a dedicated toll free number, messaging system and website – be set up so that complaints regarding the destruction of mangroves may be lodged easily. The confidentiality of the complainant should be ensured by the state, according to the judgment.

Contempt petitions pertaining to the destruction of mangroves were not disposed of and the court said they would be heard later along with any other motions that were pending pertaining to the issue of mangroves. the back of stretched valuations, macro-economic concerns, a slow-down in domestic institutional inflows and political uncertainty due to impending general elections.

BSE’S benchmark 30-share Sensex shed 505.13 points, or 1.33%, to close at 37,585.51, while National Stock Exchange’s 50-share Nifty dropped 1.19% to close at 11,377.75.

“The decline (in equity markets) today is more to do with the currency behaviour and the resultant withdrawal. Weak Asian peers also impacted the sentiment,” said Deven Choksey, group managing director, KR Choksey Investment Managers Pvt. Ltd.