Supreme Court grants bail to Sunil Agrawal, Promoter of Indermani Group in Money Laundering case

Supreme Court: In a special leave petition filed against the order of dismissal of bail application passed by the Chhattisgarh High Court filed under Section 439 of the Code of Criminal Procedure, 1973 (‘CrPC’) read with Section 45 of the Prevention of Money Laundering Act, 2002, the three Judge bench of Surya Kant, Dipankar Datta and Justice Ujjal Bhuyan, JJ. has enlarged Sunil Kumar Agrawal (Promoter of Indermani Group of Companies) on regular bail in a money laundering case.

Sunil Kumar Agrawal was charged for the offences punishable under Sections 3 and 4 of the Prevention of Money Laundering Act, 2002 and Sections 384 and 120-B of the Penal Code, 1860.

The Court noted that Agrawal was enlarged on interim bail vide order dated 17-05- 2024, while observing that ‘PMLA case is a parasite, it needs predicate offence’.

In view of the facts and circumstances of this case, the Bench was satisfied that Sunil Agrawal deserves to continue bail during the pendency of the trial. Consequently, the Court made the orders dated 17-05-2024 and 08-07-2024 absolute

CASE DETAILS

Citation:
2024 SCC OnLine SC 1917

Appellants :
Sunil Kumar Aggarwal

Respondents :
Directorate of Enforcement

Advocates who appeared in this case

For Petitioner(s):
Mukul Rohatgi, Sr. Adv. Vikas Pahwa, Sr. Adv. Nikhil Varshney, Adv. Tushar Giri, Adv.Sahil Bhalaik, AOR Siddharth Anil Khanna, Adv. Ritik Arora, Adv. Shivam Mishra, Adv. Sriharsh Raj, Adv. Kartik Sharma, Adv. Namisha Jain, Adv. Nancy Shamim, Adv.Devashish Chauhan, Adv. Murshlin Ansari, Adv. Manu Sharma, Adv. Kumar Vaibhaw, Adv. Abhuday Sharma, Adv., Somaya Gupta, Adv. Devina Sehgal, AOR, Rajwant Kaur, Adv. Amandeep Kaur, Adv. . Rajni, Adv. Isha Singh, Adv. Anjali Singh, Adv. Aditya Santosh, Adv. Vishnu Sankar, Adv. Sriram P., AOR

For Respondent(s):
Suryaprakash V. Raju, A.S.G. Zoheb Hussain, Adv. Annam Venkatesh, Adv. Arkaj Kumar, Adv. Priyanka Tyagi, Adv. Kanu Agrawal, Adv. Aakriti Mishra, Adv. Arvind Kumar Sharma, AOR

CORAM :