DHFL fraud case: The Delhi High Court has ordered that a trial court’s order granting bail to former Dewan Housing Finance Corporation Ltd (DHFL) promoters Kapil and Dheeraj Wadhawan, who were detained by the CBI in connection with a multi-crore bank loan scam case, shall not be given effect until February 1 of the following year.
The Wadhawans’ legal representative and the CBI gave their approval before the high court issued its order.
“Senior Counsel appearing on behalf of the respondents (Wadhawans), on instructions, submits that the respondents will not proceed with their bail bonds before the learned Special Court.
“With the consent of both the parties, it is hereby directed that the impugned order dated December 3 will not be given effect to, till the next date of hearing. List on February 1, 2023,” Justice Amit Sharma said in the order passed on Wednesday.
Due to an incomplete charge sheet, the Central Bureau of Investigation (CBI) has challenged the trial court’s ruling granting the Wadhawan brothers statutory bail.
According to the special court’s judgment, the two accused individuals may not be eligible for any bail given the gravity and importance of the case.
However, it claimed that because the charge sheet was incomplete, the court was required by statute to provide mandatory concession of default bail, which forced their release from detention.
The CBI attorney had argued in front of the high court that although the agency had testified in the trial court…
