Loan Scam Case: Supreme Court cancelled the bail granted to Wadhawan brothers of DHFL, gave this reason
Loan Scam Case: In the bank loan fraud case, CBI had filed the charge sheet on the 88th day of registration of FIR the trial court had granted default bail to the accused and the Delhi High Court had upheld the order. The Wadhawan brothers were arrested in this case on July 19 last year.
The Supreme Court on Wednesday cancelled the bail granted to former DHFL promoters Kapil Wadhawan and his brother Dheeraj in the multi-crore bank loan scam case. A bench of Justices Bela M Trivedi and SC Sharma said that the High Court and the lower court had committed a mistake in granting him bail.
The bench said, "We have no hesitation in holding that the charge sheet has been filed and cognizance is being taken in due course, the defendants could not have claimed statutory bail as a matter of right." Under CrPC), if the investigating agency does not file a chargesheet in a criminal case within 60 or 90 days after the completion of the investigation, then the accused becomes entitled to statutory bail.
In this case, CBI had filed the charge sheet on the 88th day of registration of FIR the trial court had granted default bail to the accused and the Delhi High Court had upheld the order. The Wadhawan brothers were arrested in this case on July 19 last year. The High Court, however, had clarified that it did not look into the merits of the case. The charge sheet was filed and cognizance was taken on October 15, 2022. The FIR in this case was based on the complaint of Union Bank of India.
