{"id":232881,"date":"2020-07-27T12:00:23","date_gmt":"2020-07-27T06:30:23","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=232881"},"modified":"2020-07-31T11:39:54","modified_gmt":"2020-07-31T06:09:54","slug":"del-hc-religare-enterprises-ceos-bail-rejected-in-view-of-being-accused-for-fraud-of-worth-rs-2000-crores-plus-of-public-money","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2020\/07\/27\/del-hc-religare-enterprises-ceos-bail-rejected-in-view-of-being-accused-for-fraud-of-worth-rs-2000-crores-plus-of-public-money\/","title":{"rendered":"Del HC | Religare Enterprises CEO’s bail rejected in view of being\u00a0accused for fraud of worth Rs 2000 crores plus of public money"},"content":{"rendered":"

Delhi High Court:<\/strong>\u00a0 Suresh Kumar Kait, J. rejected the bail plea of the petitioner, accused of fraud, after finding him to be at risk of tampering evidence pending against him.<\/p>\n

Petitioner a Managing Director and CEO of Religare Enterprises Limited, was found to be accused of fraud worth over Rs 2000 crores by means of extending fraud loans and falsifying books of accounts. He and another member (Anil Saxena) of his Company were arrested on 10th October, 2019, under the course of investigation. Anil Saxena, was further granted bail but Kavi Arora was refused. Hence, he came before the Delhi High court under under Section 439 read with Section 482 of the Code of Criminal Procedure, 1973 seeking the relief of regular bail.<\/p>\n

Senior Advocate, Puneet Bali on behalf of the petitioner with Vibhav Jain, Aditya Soni and Mayank Datta, Advocates and the State was represented by Amit Chadha, APP for State.<\/p>\n

The petitioner\u2019s case based on two grounds which were, first, that he was chargesheeted on wholly false premises of misconceived facts against him and, second, that on the ground of parity, he should be awarded bail on the fact that Anil Saxena, a co-accused, was granted bail. The respondents argued that the petitioner is trying to mislead the Court and that Anil Saxena was not holding an executive position but petitioner was and by virtue of his position, petitioner was responsible.<\/p>\n

High Court rejected the plea to grant bail to the petitioner after rejecting the claims of the petitioner. The Court decided, relying on the judgement presented by the respondents, \u201cIt is settled law that economic offences are considered to be grave offences especially when public money is involved and that the Courts have to be careful in granting bail in such cases”. It found the investigation to be at a crucial stage and since, the petitioner was at a position where he could influence prosecution witnesses and tamper evidence, the Court rejected the first claim of the petitioner. On the issue of parity, the High Court decided not to intervene in that matter, as the granting of bail to co-accused Anil Saxena was challenged before the Supreme Court and has been disposed. It found that the grant of bail to co-accused cannot be granted to petitioner as precedent\/parity to the bail does not apply to other accused. Therefore, the High Court, dismissed the petition. [Kavi Arora v. State, 2020 SCC OnLine Del 768 <\/b><\/a>, decided on 23-07-2020]<\/p>\n","protected":false},"excerpt":{"rendered":"

Delhi High Court:\u00a0 Suresh Kumar Kait, J. rejected the bail plea of the petitioner, accused of fraud, after finding him to be <\/p>\n","protected":false},"author":67011,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,10],"tags":[20891,10141,42726,39169,42725],"class_list":["post-232881","post","type-post","status-publish","format-standard","hentry","category-casebriefs","category-highcourts","tag-bail-application","tag-fraud","tag-fraud-loans","tag-public-company","tag-religare-ceo"],"yoast_head":"\nDel HC | Religare Enterprises CEO's bail rejected in view of being\u00a0accused for fraud of worth Rs 2000 crores plus of public money | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2020\/07\/27\/del-hc-religare-enterprises-ceos-bail-rejected-in-view-of-being-accused-for-fraud-of-worth-rs-2000-crores-plus-of-public-money\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Del HC | Religare Enterprises CEO's bail rejected in view of being\u00a0accused for fraud of worth Rs 2000 crores plus of public money\" \/>\n<meta property=\"og:description\" content=\"Delhi High Court:\u00a0 Suresh Kumar Kait, J. rejected the bail plea of the petitioner, accused of fraud, after finding him to be\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2020\/07\/27\/del-hc-religare-enterprises-ceos-bail-rejected-in-view-of-being-accused-for-fraud-of-worth-rs-2000-crores-plus-of-public-money\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-27T06:30:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-31T06:09:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Delhi-HC.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1329\" \/>\n\t<meta property=\"og:image:height\" content=\"888\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2020\/07\/27\/del-hc-religare-enterprises-ceos-bail-rejected-in-view-of-being-accused-for-fraud-of-worth-rs-2000-crores-plus-of-public-money\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/2020\/07\/27\/del-hc-religare-enterprises-ceos-bail-rejected-in-view-of-being-accused-for-fraud-of-worth-rs-2000-crores-plus-of-public-money\/\",\"name\":\"Del HC | Religare Enterprises CEO's bail rejected in view of being\u00a0accused for fraud of worth Rs 2000 crores plus of public money | SCC Times\",\"isPartOf\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\"},\"datePublished\":\"2020-07-27T06:30:23+00:00\",\"dateModified\":\"2020-07-31T06:09:54+00:00\",\"author\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2020\/07\/27\/del-hc-religare-enterprises-ceos-bail-rejected-in-view-of-being-accused-for-fraud-of-worth-rs-2000-crores-plus-of-public-money\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.scconline.com\/blog\/post\/2020\/07\/27\/del-hc-religare-enterprises-ceos-bail-rejected-in-view-of-being-accused-for-fraud-of-worth-rs-2000-crores-plus-of-public-money\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2020\/07\/27\/del-hc-religare-enterprises-ceos-bail-rejected-in-view-of-being-accused-for-fraud-of-worth-rs-2000-crores-plus-of-public-money\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.scconline.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Del HC | Religare Enterprises CEO’s bail rejected in view of being\u00a0accused for fraud of worth Rs 2000 crores plus of public money\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\",\"url\":\"https:\/\/www.scconline.com\/blog\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.scconline.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe\",\"name\":\"Editor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g\",\"caption\":\"Editor\"},\"url\":\"https:\/\/www.scconline.com\/blog\/post\/author\/editor_4\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Del HC | Religare Enterprises CEO's bail rejected in view of being\u00a0accused for fraud of worth Rs 2000 crores plus of public money | SCC Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2020\/07\/27\/del-hc-religare-enterprises-ceos-bail-rejected-in-view-of-being-accused-for-fraud-of-worth-rs-2000-crores-plus-of-public-money\/","og_locale":"en_US","og_type":"article","og_title":"Del HC | Religare Enterprises CEO's bail rejected in view of being\u00a0accused for fraud of worth Rs 2000 crores plus of public money","og_description":"Delhi High Court:\u00a0 Suresh Kumar Kait, J. rejected the bail plea of the petitioner, accused of fraud, after finding him to be","og_url":"https:\/\/www.scconline.com\/blog\/post\/2020\/07\/27\/del-hc-religare-enterprises-ceos-bail-rejected-in-view-of-being-accused-for-fraud-of-worth-rs-2000-crores-plus-of-public-money\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2020-07-27T06:30:23+00:00","article_modified_time":"2020-07-31T06:09:54+00:00","og_image":[{"width":1329,"height":888,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Delhi-HC.jpg","type":"image\/jpeg"}],"author":"Editor","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Editor","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/07\/27\/del-hc-religare-enterprises-ceos-bail-rejected-in-view-of-being-accused-for-fraud-of-worth-rs-2000-crores-plus-of-public-money\/","url":"https:\/\/www.scconline.com\/blog\/post\/2020\/07\/27\/del-hc-religare-enterprises-ceos-bail-rejected-in-view-of-being-accused-for-fraud-of-worth-rs-2000-crores-plus-of-public-money\/","name":"Del HC | Religare Enterprises CEO's bail rejected in view of being\u00a0accused for fraud of worth Rs 2000 crores plus of public money | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"datePublished":"2020-07-27T06:30:23+00:00","dateModified":"2020-07-31T06:09:54+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/07\/27\/del-hc-religare-enterprises-ceos-bail-rejected-in-view-of-being-accused-for-fraud-of-worth-rs-2000-crores-plus-of-public-money\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2020\/07\/27\/del-hc-religare-enterprises-ceos-bail-rejected-in-view-of-being-accused-for-fraud-of-worth-rs-2000-crores-plus-of-public-money\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/07\/27\/del-hc-religare-enterprises-ceos-bail-rejected-in-view-of-being-accused-for-fraud-of-worth-rs-2000-crores-plus-of-public-money\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Del HC | Religare Enterprises CEO’s bail rejected in view of being\u00a0accused for fraud of worth Rs 2000 crores plus of public money"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe","name":"Editor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g","caption":"Editor"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_4\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":232982,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/07\/28\/del-hc-bail-granted-to-tycoon-accused-of-money-laundering-sums-in-excess-of-rs-2000-crores-court-cites-principle-of-presumption-of-innocence\/","url_meta":{"origin":232881,"position":0},"title":"Del HC |\u00a0Bail granted to tycoon accused of money-laundering sums in excess of Rs 2000 crores; Court cites principle of presumption of innocence","author":"Editor","date":"July 28, 2020","format":false,"excerpt":"Delhi High Court: Anup Jairam Bhambhani J., granted bail to an accused in a money-laundering case involving a sum of more than INR 2000 crores. Upholding the legal principle of the presumption of innocence of an accused until proven guilty, the Court found that in the absence of compelling grounds\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":344299,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/03\/25\/punjab-and-haryana-hc-grants-bail-foreigner-2-81-crore-cyber-fraud-case\/","url_meta":{"origin":232881,"position":1},"title":"\u2018Need for vigilance at entry point rather than indiscriminate denial of bail\u2019; Punjab & Haryana HC grants bail to foreigner in Rs 2.81 Crore cyber fraud case","author":"Editor","date":"March 25, 2025","format":false,"excerpt":"\u201cWhen a foreign national faces criminal prosecution within Indian jurisdiction, legal proceedings may tether them to the country, disrupting their academic aspirations, familial responsibilities, commercial enterprises, and personal liberties.Justice delayed is justice denied, but in the context of foreign nationals, justice prolonged is justice misplaced.\u201d","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"Punjab and Haryana High Court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Punjab-and-Haryana-High-Court.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Punjab-and-Haryana-High-Court.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Punjab-and-Haryana-High-Court.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Punjab-and-Haryana-High-Court.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":337018,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/12\/11\/karnataka-hc-denies-bail-founder-chairman-sri-guru-raghavendra-sahakara-bank-misappropriating-1553-crores\/","url_meta":{"origin":232881,"position":2},"title":"Karnataka HC denies bail to Founder & Chairman of Sri Guru Raghavendra Sahakara Bank accused of misappropriating approximately Rs. 1553 crores","author":"Editor","date":"December 11, 2024","format":false,"excerpt":"The bail application of the Founder-Chairman has been denied for the fourth time. Earlier, his bail was denied twice by the Court and once by the Supreme Court.","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"Karnataka High Court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Karnataka-High-Court.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Karnataka-High-Court.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Karnataka-High-Court.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Karnataka-High-Court.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":325264,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/06\/28\/del-hc-denies-travel-permission-upholds-lookout-circular-indian-businessman-billionaire-fraud-investigation-legal-news\/","url_meta":{"origin":232881,"position":3},"title":"Delhi High Court upholds LOC against Businessman amid fraud investigation into Fortis Healthcare and Religare Enterprises","author":"Arunima","date":"June 28, 2024","format":false,"excerpt":"The petitioner is an Indian businessman and erstwhile billionaire with Fortis Healthcare, Religare, and Ranbaxy Laboratories, seeking permission to go abroad to attend the graduation ceremony of his two sons one on 01-07-2024 at Durham University and the other on 02-09-2024 at University College London.","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"Delhi High Court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Delhi-High-Court.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Delhi-High-Court.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Delhi-High-Court.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Delhi-High-Court.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":342113,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/02\/24\/p-h-hc-rejects-anticipatory-bail-accused-cybercrime-rs-7-crs-staging-hearing-before-d-y-chandrachud\/","url_meta":{"origin":232881,"position":4},"title":"Punjab and Haryana HC rejects anticipatory bail plea in Rs. 7 Crores cybercrime through fake hearing before former CJI D.Y. Chandrachud","author":"Editor","date":"February 24, 2025","format":false,"excerpt":"\u201cIt is noteworthy that instances of cyber fraud are increasing day by day, and according to the Data maintained by the Reserve Bank of India, Rs 3207 Crores were lost due to 5,82,000 cases of cyber-fraud between F.Y 2020 to F.Y. 2024.\u201d","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"Punjab and Haryana High Court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Punjab-and-Haryana-High-Court.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Punjab-and-Haryana-High-Court.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Punjab-and-Haryana-High-Court.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Punjab-and-Haryana-High-Court.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":341434,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/02\/14\/madrashc-denies-bail-rahul-surana-alleged-for-cheating-of-banks-siphoning-off-public-money\/","url_meta":{"origin":232881,"position":5},"title":"Madras HC denies bail to Rahul Dinesh Surana, VP of Surana Power Ltd., alleged to have indulged in cheating of Banks and siphoning off public money","author":"Simranjeet","date":"February 14, 2025","format":false,"excerpt":"The petitioner did not comply with the twin conditions stipulated under Section 212(6) of the Companies Act, 2013 and there is every possibility for the evidence being tampered and the witnesses being influenced by him.","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"Madras High Court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Madras-High-Court.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Madras-High-Court.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Madras-High-Court.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Madras-High-Court.webp?resize=700%2C400&ssl=1 2x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/232881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/67011"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=232881"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/232881\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=232881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=232881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=232881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}