The Delhi High Court on Thursday reserved its order on bail plea of Raj Singh Gehlot, Chairman of the Ambience Group of Companieswho was arrested by the Enforcement Directorate (ED) on costs of cash laundering in reference to an alleged multi-crore financial institution mortgage fraud case in July final yr.
After listening to intensive arguments on the purpose of validity of dual situations underneath part 45, PMLA vis a vis proper of an accused enshrined underneath Articles 14, 19, and 21 and different authorized points, Justice Manoj Kumar Ohri reserved the bail software filed on behalf of Gehlot for passing orders.
The case pertains to sure loans granted by a consortium of banks for the development of the Ambience Hotel at Shahdara, Delhi, The case was argued at size by Senior Advocate Dr AM Singhvi, showing for Gehlot. Arguments had been addressed on deserves in addition to different authorized points involving due course of, process established by regulation, and different anomalies underneath the PMLA.
Singhvi was briefed by Sandeep Kapur, Senior Partner- Karanjawala and Co and his crew includes Vir Sandhu, Niharika Karanjawala, Mridul Yadav, Aashneet Singh and Sahil Modi. Advocate Zoheb Hussain appeared on behalf of the Directorate of Enforcement.
The CBI had additionally registered a case in opposition to a non-public individual, Gehlot, Ambience Ltd and Ambience Developers and Infrastructure Pvt Ltd and unknown officers of HUDA, and unknown non-public individuals on the orders of the Punjab and Haryana High Court.