Supreme Court of India
Sanjay Raghunath Agarwal v. The Directorate of Enforcement
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
In view of the above, the appeal is allowed and the appellant is directed to be enlarged on bail in ECIR No.HYZO/26/2022 dated 05.05.2022, subject to such terms and conditions as may be imposed by the Metropolitan Sessions Judge-cum-Special Court under PMLA, Nampally, Hyderabad.
Judgment, page 7
From the headnote
Bail – criminal complaint u/ss. 406, 407, 415 to 420, 120B r/w s.34 IPC was filed against six persons, including the appellant – Complaint was, that Farmax India Ltd. availed the services of the accused in raising Global Depository Receipts (GDRs), to the tune of INR 318 crores; that though the accused raised the said amount, they transferred to Farmax only a sum of INR 2.20 crores – According to the Enforcement Directorate, the appellant and the others had committed the offence of money-laundering – Enforcement Case Information Report (ECIR) was lodged – Appellant was arrested on 26.09.2022…
Sign in free to read it
- The full judgment, page by page, as published in the Supreme Court Reports
- The ratio: what the Court held, verbatim, with the page it sits on
- Every bench that relied on it, and every bench that argued against it
- Search every reported judgment, by party, citation or question
- Download the PDF, copy pinpoint citations ready for a filing
An email address, no password.