The Additional Sessions Judge Reetesh Singh while granting bail on Friday (May 13) said, “in the present case as well, the applicant/accused persons- Kapil Rajesh Wadhawan and Dheeraj Rajesh Wadhawan were not arrested during the investigation. A supplementary chargesheet was filed against them without arrest. Investigation Officer (IO) in his reply to the bail applications has stated that there is no requirement of custody”.
Court noted that the said case pertains to FIR registered under sections 420, 406, 409, 120-B of the Indian Penal Code (IPC), wherein the allegations were made against the accused Dheeraj Rajesh Wadhawan and Kapil Rajesh Wadhawan were the directors of DHFL during that time and had sanctioned loan to M/s Shubhkamna Buildtech Pvt. Ltd., and entered into a tripartite agreement with the flat buyers for the project “Shubhkamna-Advert Techomes” at Sector 137, Noida, U.P. where unsold flats were mortgaged with DHFL and they concealed the factum of the prior charge on flats and misrepresented that these (flats) were free from encumbrances.
Advocate Vijay Aggarwal appearing for Dheeraj Wadhawan and Sr Advocate Rebecca John along with the Advocate Yugant Sharma appearing for Kapil Wadhawan argued the Bail Applications.
It was argued (by the Advocates appearing for the Wadhawan…
