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New Delhi:
The Supreme Court on Thursday stayed a Bombay High Court order granting bail to former DHFL promoters, Kapil Wadhawan and Dheeraj Wadhawan, within the Yes Bank cash laundering case being probed by the Enforcement Directorate (ED).
The high court docket issued discover to the accused on the plea of the Enforcement Directorate towards the High Court order of bail.
“Issue notice. Counsel for the private respondent (Wadhawans) accepts notice. It is stated that the State of Maharashtra is really only a formal party,” mentioned a bench of Justices Sanjay Kishan Kaul, Ajay Rastogi and Aniruddha Bose.
“In the meantime, there shall be interim order of stay of the impugned order till the next date” the bench mentioned and sought response of the accused on ED’s plea inside two weeks and posted the case for listening to on October 7.
The Bombay High Court had on August 20 granted bail to the Wadhawan brothers stating that necessary default bail is the sequel to non-filing of cost sheet.
Justice Bharati Dangre had granted them bail because it held that the ED did not file its chargesheet within the case throughout the stipulated 60-day interval.
The central probe company had then filed a particular depart petition earlier than the highest court docket.
The federal probe company had mentioned that it was not in violation of the process and had filed part of the cost sheet by way of e mail, a day earlier than the 60-day interval ended.
The chargesheet was filed in bodily kind by the ED on July 13.
The Wadhawans, former promoters of the Dewan Housing Finance Corporation (DHFC), nevertheless weren’t launched on bail as they’re in CBI custody at current.
They had been arrested by the ED on May 14 below the provisions of the Prevention of Money Laundering Act (PMLA).
The ED had slapped PMLA prices towards the 2 and on this case after finding out a CBI FIR filed in March in reference to alleged suspicious loans granted by Yes Bank and the “quid pro quo” between its co-promoter Rana Kapoor and the Wadhawans.
According to the CBI and ED, Yes Bank invested round Rs 3,700 crore in brief time period non-convertible debentures of DHFL between April and June 2018.
(Except for the headline, this story has not been edited by NDTV workers and is revealed from a syndicated feed.)
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