[ad_1]
NEW DELHI: The Delhi Excessive Courtroom on Thursday granted interim safety from arrest to SpiceJet promoter Ajay Singh in a case of an alleged fraud associated to the switch of shares of the airline to sure people. “No coercive motion until the subsequent date of listening to,” stated Justice Anoop Kumar Mendiratta who listed Singh’s anticipatory bail utility within the case for additional consideration on Could 24.
The courtroom directed Singh to affix the investigation and hold the disputed shares frozen within the meantime.
The trial courtroom had rejected Singh’s anticipatory bail utility final month, stating that it didn’t discover adequate grounds to grant reduction to him in view of the general details and circumstances of the case and the gravity of the offence.
Senior advocate Sidharth Luthra, showing for Singh, had earlier argued earlier than the excessive courtroom that there was no want for the SpiceJet promoter’s custodial interrogation and he was not going to abscond and he was cooperating within the investigation.
He has said that Singh even returned the sum of Rs 10 lakh which was given to him by the complainant for the switch of shares after the identical couldn’t materialise on account of a separate pending dispute earlier than an arbitral tribunal and that he was prepared to “safe and put aside individually” the variety of shares in query within the investigation.
In his bail plea, Singh has submitted that ex-facie no offence was made out towards him and the felony case was an abuse of the felony equipment.
Senior advocate Vikas Pahwa, showing for the complainant, had opposed the anticipatory bail plea in addition to the grant of interim reduction, saying that the current case was “severe” in nature.
Senior advocate Mohit Mathur, additionally showing for the complainant within the matter, had argued that Singh made guarantees that he by no means supposed to satisfy.
Delhi Police lawyer had stated that different felony circumstances have been pending towards Singh and a non-bailable warrant was additionally issued towards him within the current case.
Within the current case, which pertains to 2 related FIRs, a Delhi businessman and his members of the family have alleged that there was a share-purchase settlement between him and the accused and he paid Rs 10 lakh for 10 lakh shares of SpiceJet.
These shares, nonetheless, weren’t transferred resulting in the submitting of the police grievance towards Singh.
The complainant has additionally claimed that the accused intentionally and dishonestly handed over outdated and invalid DIS (supply instruction slip) to him.
Singh had moved the trial courtroom looking for safety from arrest within the case after non-bailable warrants have been issued towards him in January for failing to seem earlier than the police for investigation.
The courtroom directed Singh to affix the investigation and hold the disputed shares frozen within the meantime.
The trial courtroom had rejected Singh’s anticipatory bail utility final month, stating that it didn’t discover adequate grounds to grant reduction to him in view of the general details and circumstances of the case and the gravity of the offence.
Senior advocate Sidharth Luthra, showing for Singh, had earlier argued earlier than the excessive courtroom that there was no want for the SpiceJet promoter’s custodial interrogation and he was not going to abscond and he was cooperating within the investigation.
He has said that Singh even returned the sum of Rs 10 lakh which was given to him by the complainant for the switch of shares after the identical couldn’t materialise on account of a separate pending dispute earlier than an arbitral tribunal and that he was prepared to “safe and put aside individually” the variety of shares in query within the investigation.
In his bail plea, Singh has submitted that ex-facie no offence was made out towards him and the felony case was an abuse of the felony equipment.
Senior advocate Vikas Pahwa, showing for the complainant, had opposed the anticipatory bail plea in addition to the grant of interim reduction, saying that the current case was “severe” in nature.
Senior advocate Mohit Mathur, additionally showing for the complainant within the matter, had argued that Singh made guarantees that he by no means supposed to satisfy.
Delhi Police lawyer had stated that different felony circumstances have been pending towards Singh and a non-bailable warrant was additionally issued towards him within the current case.
Within the current case, which pertains to 2 related FIRs, a Delhi businessman and his members of the family have alleged that there was a share-purchase settlement between him and the accused and he paid Rs 10 lakh for 10 lakh shares of SpiceJet.
These shares, nonetheless, weren’t transferred resulting in the submitting of the police grievance towards Singh.
The complainant has additionally claimed that the accused intentionally and dishonestly handed over outdated and invalid DIS (supply instruction slip) to him.
Singh had moved the trial courtroom looking for safety from arrest within the case after non-bailable warrants have been issued towards him in January for failing to seem earlier than the police for investigation.
[ad_2]