In a significant development, a Delhi court granted regular bail on Thursday to Supertech Chairman and promoter R K Arora in a high-profile money laundering case.
This decision follows last month’s ruling by Additional Sessions Judge Devender Kumar Jangala of the Patiala House Courts, who dismissed Arora’s plea for an extension of his interim bail by an additional 90 days on medical grounds.
Judge Jangala cited the medical board’s report, which the high court mandated.
The report found no compelling reason to extend the interim bail, especially since no hospital had scheduled a specific date for Arora’s purported surgery.
Arora had been on interim bail since 16 January of this year.
The court noted that with the completion of the investigation, the filing of the prosecution complaint, and the cognizance taken by the court, Arora could receive the necessary medical treatment while remaining in custody.
This indicated that his interim bail provided sufficient provisions to address his health concerns within the framework of the legal proceedings.
Arora’s bail plea came on the heels of the high court’s recent dismissal of his default bail application. Arora was arrested on 27 June of the previous year after the Enforcement Directorate (ED) re-attached properties worth Rs 40 crore belonging to him in connection with the case.
On 24 August 2023, the ED filed a charge sheet against Arora and eight others, accusing him of defrauding at least 670 homebuyers of Rs 164 crore.
The case against Arora highlights ongoing scrutiny and legal challenges faced by prominent business figures in India’s real estate sector.
The court’s latest decision marks a pivotal moment in the proceedings, potentially impacting the broader investigation and its outcomes.
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