PM’s security breach in Punjab: Lawyers receive call against SC taking up the case

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New Delhi, Jan 10 | Several Supreme Court advocates on Monday claimed to have received an international call with a recorded message asking the apex court not to help the Central government by taking up a case connected with Prime Minister Narendra Modi’s security breach in Punjab last week.

Speaking to IANS, Shivaji M. Jadhav, president Supreme Court advocates-on-record Association, said one of the executive members of the association has received the call. People familiar with the development said the recorded message also claimed responsibility for blocking the PM’s passage last week.

According to sources, several advocate-on-record (AoRs) received calls from an unknown international number in the morning with a recorded message that Sikhs for Justice (SFJ) has taken responsibility of PM’ security breach in Punjab. The recorded message added that the top court did not do enough with regard to killings of Sikh community members during the 1984 riots.

Senior advocate Mahesh Jethmalani, in a tweet, said: “The audio sent by the “Sikhs for Justice USA” to AORs in the SC must be treated with circumspection. The audio could be a hoax motivated by publicity or to blur the trail to the guilty. But since it contains a veiled threat to SC judges/AORs the NIA must investigate it forthwith.”

The Supreme Court on Monday agreed to set up a committee headed by a former top judge to probe the PM’s security breach in Punjab.

Senior advocate Maninder Singh, representing the Delhi-based petitioner Lawyer’s Voice, had mentioned the plea before the Supreme Court. He emphasised on the importance of protection to the PM of the country and cited previous top court ruling that looked at the SPG Act.

The plea sought an independent probe into the PM’s security breach in Punjab. It sought a direction to the District Judge Bathinda to collect, preserve and present all material pertaining to the movement and deployment of Punjab Police in connection with the visit of the Prime Minister, and fix responsibility of the DGP and the Chief Secretary, Punjab.

On January 6, the Ministry of Home Affairs constituted a three-member committee to enquire into the “serious lapses in the security arrangements” during the PM’s visit to Ferozepur, in poll-bound Punjab. The MHA said: “The committee will be led by Sudhir Kumar Saxena, Secretary (Security), Cabinet Secretariat, and comprising Balbir Singh, Joint Director, IB, and S.Suresh, IG, SPG.”

Source: IANS

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Weekly Technical Share Market Outlook

Weekly Technical Share Market Outlook

The Indian market recovered sharply on the last trading day amid the weekend after a continuous fall. Market has managed to halt above 16000 Nifty levels after continuous losing streak. Index reacted violently, grasping Indian as well as global factors throughout the week. Simultaneously, Inflation is catching up and profit margins are taking a hit.

 

Sensex advanced 1532 points or 2.90 percent while Nifty gained 484 points or 3.07 percent in a week. Simultaneously, Bank nifty has overcome bear’s dominance ending the session with 3.49 percent gain. Sectorally,Nifty Metal saw the highest gains of 7.40 percent followed by the Realty and Auto added over 4% gain. On the flip side Nifty IT tumbled 2.82 percent on weekly basis. Midcap and Small Cap measures rising nearly 2 percent as well.

In Nifty stock, EICHERMOT gained 11.31% while TECHM lost 5.98% on a weekly basis. INDIA VIX closes at 23.10 suggests volatility driven market is going to remain intact. Coming to the OI Data, on the call side highest OI witnessed at 17000 Nifty followed by 16800 Nifty strike price while on the put side, the highest OI was at 16000 Nifty followed by 15800 Nifty strike price. Technically, Nifty has formed a Tweezer Bottom type pattern in the weekly chart suggesting a short term buying rally may drive the market until monthly expiry. On the daily chart, price has rebounded from the lower Bollinger band as well.

Momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone. However, Index is still struggling to get the support of 50 Simple Moving Average in daily chart. Short term investors and traders are advised to work with option strategies to neutralize the volatility. Overall, Nifty is having support at 15700 mark while on the upside 16700 followed by 16500 may act as an immediate resistance. While Bank nifty has support around 32500 while resistance is placed at 36000 on weekly chart.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

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