CRM CRM CRM CRM----M M M M----22257 22257 22257 22257 IN THE HIGH COURT OF PUNJAB AND HARYANA AT IN THE HIGH COURT OF PUNJAB AND HARYANA AT IN THE HIGH COURT OF PUNJAB AND HARYANA AT IN THE HIGH COURT OF PUNJAB AND HARYANA AT 123 123 123 123 Sandeep Gupta Directorate of Enforcement Date of decision: Date of decision: Date of decision: Date of decision: Date of Uploading : Date of Uploading : Date of Uploading : Date of Uploading : CORAM: CORAM: CORAM: CORAM: Present: SUMEET GOEL SUMEET GOEL SUMEET GOEL SUMEET GOEL 1. hand’) has been filed by the petitioner regular bail in Case No.COMA of ECIR/GNZO/03/2021 dated 31.3.2021 registered by Enforcement Directorate (hereinafter referred to as ‘ Money Laundering Act, 2002 (hereinafter referred to as 2. and the prosecution complaint is that (hereinafter referred to as engineered building activities, had availed substantia from the fraudulent. The scheduled offence registered by the CBI relates to 22257 22257 22257 22257----2026 2026 2026 2026 IN THE HIGH COURT OF PUNJAB AND HARYANA AT IN THE HIGH COURT OF PUNJAB AND HARYANA AT IN THE HIGH COURT OF PUNJAB AND HARYANA AT IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH CHANDIGARH CHANDIGARH CHANDIGARH Sandeep Gupta V/s Directorate of Enforcement Date of decision: Date of decision: Date of decision: Date of decision: 27 27 27 27.08.2026 .08.2026 .08.2026 .08.2026 Date of Uploading : Date of Uploading : Date of Uploading : Date of Uploading : 22229999.08.2026 .08.2026 .08.2026 .08.2026 CORAM: CORAM: CORAM: CORAM: HON’BLE MR. JUSTICE SUMEET GOEL HON’BLE MR. JUSTICE SUMEET GOEL HON’BLE MR. JUSTICE SUMEET GOEL HON’BLE MR. JUSTICE SUMEET GOEL Mr. Preetinder Singh Ahluwalia, Senior Advocate with Mr. Tejeshwar Singh, Advocate and Mr. Aryan Bajaj, Advocate for the petitioner. Mr. Zoheb Hossain, Senior Advocate (through VC) Mr. Lokesh Narang, Senior Panel Counsel and Ms. Shubhleen Dhariwal, Advocate for the respondent ***** ***** ***** ***** SUMEET GOEL SUMEET GOEL SUMEET GOEL SUMEET GOEL, J. , J. , J. , J. The present petition (hereinafter referred to as ‘ ) has been filed by the petitioner –– bail in Case No.COMA-13 of 2026 dated 19.03.2026 arising out of ECIR/GNZO/03/2021 dated 31.3.2021 registered by Enforcement Directorate (hereinafter referred to as ‘ Money Laundering Act, 2002 (hereinafter referred to as The gravamen of the allegations emerging from the ECIR and the prosecution complaint is that (hereinafter referred to as ‘RIL), a company engaged in textile and pre engineered building activities, had availed substantia the bank(s) and its accounts were subsequently declared as fraudulent. The scheduled offence registered by the CBI relates to 1111 IN THE HIGH COURT OF PUNJAB AND HARYANA AT IN THE HIGH COURT OF PUNJAB AND HARYANA AT IN THE HIGH COURT OF PUNJAB AND HARYANA AT IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH CHANDIGARH CHANDIGARH CHANDIGARH CRM CRM CRM CRM----M M M M----22257 22257 22257 22257----2026 2026 2026 2026 ....Petitioner ....Respondent HON’BLE MR. JUSTICE SUMEET GOEL HON’BLE MR. JUSTICE SUMEET GOEL HON’BLE MR. JUSTICE SUMEET GOEL HON’BLE MR. JUSTICE SUMEET GOEL Preetinder Singh Ahluwalia, Senior Advocate with Mr. Tejeshwar Singh, Advocate and Mr. Aryan Bajaj, Advocate for the petitioner. Mr. Zoheb Hossain, Senior Advocate (through VC) ang, Senior Panel Counsel and Ms. Shubhleen Dhariwal, Advocate for the respondent-ED. The present petition (hereinafter referred to as ‘petition in –– Sandeep Gupta for grant of 13 of 2026 dated 19.03.2026 arising out of ECIR/GNZO/03/2021 dated 31.3.2021 registered by Enforcement Directorate (hereinafter referred to as ‘ED’) under the Prevention of Money Laundering Act, 2002 (hereinafter referred to as ‘PMLA’). The gravamen of the allegations emerging from the ECIR and the prosecution complaint is that M/s Richa Industries Limited ), a company engaged in textile and pre- engineered building activities, had availed substantial financial facilities and its accounts were subsequently declared as fraudulent. The scheduled offence registered by the CBI relates to petition in Sandeep Gupta for grant of 13 of 2026 dated 19.03.2026 arising out of ECIR/GNZO/03/2021 dated 31.3.2021 registered by Enforcement ’) under the Prevention of The gravamen of the allegations emerging from the ECIR M/s Richa Industries Limited - l financial facilities and its accounts were subsequently declared as fraudulent. The scheduled offence registered by the CBI relates to MAHAVIR SINGH 2026.08.29 16:45 I attest to the accuracy and authenticity of this order/ judgment CRM CRM CRM CRM----M M M M----22257 22257 22257 22257 allegations of criminal conspiracy, cheating, forgery and diversion of bank funds. On the basis of the Directorate registered ECIR No.GNZO/03/2021 and commenced proceedings under the Prevention of Money Laundering Act, 2002. The prosecution case is that the alleged fraud resulted in proceeds of crime of about ₹236 cr Directorate includes forensic audit reports, bank records, statements recorded under Section 50 of the PMLA, digital evidence and records relating to several companies and entities connected with RIL. allegation is that the funds and business assets of RIL were systematically diverted through shell entities by using fabricated or manipulated accounts, accommodation entries, corporate guarantees and related-party transactions. not genuine commercial transactions but were structured to move the funds away from ultimately project further alleged (hereinafter referred to as ‘ Riyana Infratech Pvt. Ltd. and Richa Krishna Constructions Pvt. Ltd., were used in the process of diversion, layering, possession and use alleged proceeds of crime. valuable projects and business opportunities of Saariga Constructions Pvt. Ltd. handling 22257 22257 22257 22257----2026 2026 2026 2026 allegations of criminal conspiracy, cheating, forgery and diversion of bank funds. On the basis of the said scheduled offence, the Enforcement Directorate registered ECIR No.GNZO/03/2021 and commenced proceedings under the Prevention of Money Laundering Act, 2002. The prosecution case is that the alleged fraud resulted in proceeds of crime of 236 crores. The material relied upon by the Enforcement Directorate includes forensic audit reports, bank records, statements recorded under Section 50 of the PMLA, digital evidence and records relating to several companies and entities connected with RIL. allegation is that the funds and business assets of RIL were systematically diverted through shell entities by using fabricated or manipulated accounts, accommodation entries, corporate guarantees and party transactions. As per the prosecution not genuine commercial transactions but were structured to move the funds away from RIL, layering them through different entities and ultimately projected the tainted funds as legitimate money. further alleged that several entities i.e. Saariga Constructions Pvt. Ltd. hereinafter referred to as ‘SCPL’), Subhash Gupta & Sons Pvt. Ltd., Riyana Infratech Pvt. Ltd. and Richa Krishna Constructions Pvt. Ltd., were used in the process of diversion, layering, possession and use alleged proceeds of crime. The prosecution valuable projects and business opportunities of Saariga Constructions Pvt. Ltd. and the latter became a conduit for handling the funds, connected with the a 2222 allegations of criminal conspiracy, cheating, forgery and diversion of said scheduled offence, the Enforcement Directorate registered ECIR No.GNZO/03/2021 and commenced proceedings under the Prevention of Money Laundering Act, 2002. The prosecution case is that the alleged fraud resulted in proceeds of crime of ores. The material relied upon by the Enforcement Directorate includes forensic audit reports, bank records, statements recorded under Section 50 of the PMLA, digital evidence and records relating to several companies and entities connected with RIL. The broad allegation is that the funds and business assets of RIL were systematically diverted through shell entities by using fabricated or manipulated accounts, accommodation entries, corporate guarantees and prosecution, the transactions were not genuine commercial transactions but were structured to move the them through different entities and as legitimate money. It has been Saariga Constructions Pvt. Ltd. , Subhash Gupta & Sons Pvt. Ltd., Riyana Infratech Pvt. Ltd. and Richa Krishna Constructions Pvt. Ltd., were used in the process of diversion, layering, possession and use of the The prosecution has further alleged that the valuable projects and business opportunities of RIL were diverted to and the latter became a conduit for connected with the alleged proceeds of crime. The allegations of criminal conspiracy, cheating, forgery and diversion of said scheduled offence, the Enforcement Directorate registered ECIR No.GNZO/03/2021 and commenced proceedings under the Prevention of Money Laundering Act, 2002. The prosecution case is that the alleged fraud resulted in proceeds of crime of ores. The material relied upon by the Enforcement Directorate includes forensic audit reports, bank records, statements recorded under Section 50 of the PMLA, digital evidence and records road allegation is that the funds and business assets of RIL were systematically diverted through shell entities by using fabricated or manipulated accounts, accommodation entries, corporate guarantees and , the transactions were not genuine commercial transactions but were structured to move the them through different entities and It has been Saariga Constructions Pvt. Ltd. , Subhash Gupta & Sons Pvt. Ltd., Riyana Infratech Pvt. Ltd. and Richa Krishna Constructions Pvt. Ltd., of the the were diverted to and the latter became a conduit for The MAHAVIR SINGH 2026.08.29 16:45 I attest to the accuracy and authenticity of this order/ judgment CRM CRM CRM CRM----M M M M----22257 22257 22257 22257 prosecution communications to allege that creation and functioning of including the execution of agreements with commercial arrangement but was p has been further executed even before Neha Singh formally became a which, according to the prosecution, indicates that the arrangement had already be facto person the project was jointly prosecution from RIL to give them a legitimate appearance. It accommodation entries were created through certain NBFCs and amount of the guise of share capital arrangement RIL, shielding of revenues from the insolvency process and pro the proceeds of crime as untainted property. 2.1. Sons Pvt. Ltd. was used as a conduit by the petitioner and his family for aggregating, layering and projecting the proceeds of crime as money. A the appearance of legitimate business transactions while 22257 22257 22257 22257----2026 2026 2026 2026 prosecution has further relied upon statements and digital communications to allege that creation and functioning of including the execution of agreements with commercial arrangement but was part of a pre has been further alleged that the agreement between executed even before Neha Singh formally became a which, according to the prosecution, indicates that the arrangement had already been worked out. The ED has described the petitioner person in control behind SCPL and has alleged that the diversion of the project was jointly planned by the petitioner and Neha Singh. prosecution has further alleged that SCPL and these funds were shown in its books give them a legitimate appearance. It has been further accommodation entries were created through certain NBFCs and amount of unaccounted cash was introduced into the banking channel in the guise of share capital/loans etc. arrangement had facilitated diversion of valuable business contracts of , shielding of revenues from the insolvency process and pro the proceeds of crime as untainted property. The prosecution has further Sons Pvt. Ltd. was used as a conduit by the petitioner and his family for aggregating, layering and projecting the proceeds of crime as money. As per the complaint, amount(s) the appearance of legitimate business transactions while 3333 upon statements and digital communications to allege that creation and functioning of SCPL, including the execution of agreements with RIL, was not an independent art of a pre-planned arrangement. It alleged that the agreement between RIL and SCPL was executed even before Neha Singh formally became a Director of SCPL, which, according to the prosecution, indicates that the arrangement had has described the petitioner as the de and has alleged that the diversion of by the petitioner and Neha Singh. The SCPL had received substantial funds and these funds were shown in its books in such a manner so as has been further alleged that the accommodation entries were created through certain NBFCs and large ounted cash was introduced into the banking channel in As per the prosecution, this facilitated diversion of valuable business contracts of , shielding of revenues from the insolvency process and projection of the proceeds of crime as untainted property. further alleged that Subhash Gupta & Sons Pvt. Ltd. was used as a conduit by the petitioner and his family for aggregating, layering and projecting the proceeds of crime as clean ) received from RIL were given the appearance of legitimate business transactions while the funds upon statements and digital , , was not an independent planned arrangement. It was , which, according to the prosecution, indicates that the arrangement had de and has alleged that the diversion of The received substantial funds in such a manner so as the large ounted cash was introduced into the banking channel in prosecution, this facilitated diversion of valuable business contracts of jection of alleged that Subhash Gupta & Sons Pvt. Ltd. was used as a conduit by the petitioner and his family for clean were given funds MAHAVIR SINGH 2026.08.29 16:45 I attest to the accuracy and authenticity of this order/ judgment CRM CRM CRM CRM----M M M M----22257 22257 22257 22257 received from other entities were retained through purported loan entries. The prosecution has further alleged that acquisition of assets, expansion of the family business and personal benefits. Brands had been made for the family. 2.2. company was used for diverting for the promoter family of knowingly participated in the alleged proceeds of crime. Constructions Pvt. Ltd., the prosecution was incorporated during the (hereinafter referred to as ‘ off the business of affairs. 2.3. against the petitioner is that merely a formal prosecution and operational affairs of sheet itself describes him as the t has also been arrayed as an accused in the scheduled offence. prosecution 22257 22257 22257 22257----2026 2026 2026 2026 received from other entities were retained through purported loan entries. The prosecution has further alleged that the tainted fund acquisition of assets, expansion of the family business and personal The diversion of funds to Richa Infrastructure and Starshine Brands had been made for the personal benefit of the petitioner and his In respect of Riyana Infratech, the allegation is that the company was used for diverting the funds and generating personal gains for the promoter family of RIL; and the petitioner, being its knowingly participated in the activities relati the alleged proceeds of crime. With regard to Constructions Pvt. Ltd., the prosecution was incorporated during the Corporate Insolvency Resolution Process (hereinafter referred to as ‘CIRP’) of RIL off the business of RIL and the petitioner exercised control over its The specific role, as delineated in the prosecution complaint against the petitioner is that, the petitioner merely a formal Director of RIL or its group companies prosecution has attributed to him an active role and operational affairs of RIL and its connected entities. The CBI charge sheet itself describes him as the then Managing Director of has also been arrayed as an accused in the scheduled offence. prosecution has alleged that the petitioner exercised control over various 4444 received from other entities were retained through purported loan entries. the tainted fund(s) were used for acquisition of assets, expansion of the family business and personal The diversion of funds to Richa Infrastructure and Starshine benefit of the petitioner and his respect of Riyana Infratech, the allegation is that the funds and generating personal gains and the petitioner, being its Director, activities relating to possession and use of With regard to Richa Krishna Constructions Pvt. Ltd., the prosecution has alleged that the company Corporate Insolvency Resolution Process RIL with an intention of siphoning and the petitioner exercised control over its The specific role, as delineated in the prosecution complaint petitioner – Sandeep Gupta was not or its group companies but the an active role of handling the financial and its connected entities. The CBI charge- hen Managing Director of RIL and he has also been arrayed as an accused in the scheduled offence. The that the petitioner exercised control over various received from other entities were retained through purported loan entries. were used for acquisition of assets, expansion of the family business and personal The diversion of funds to Richa Infrastructure and Starshine benefit of the petitioner and his respect of Riyana Infratech, the allegation is that the funds and generating personal gains irector, of Richa Krishna that the company Corporate Insolvency Resolution Process intention of siphoning and the petitioner exercised control over its The specific role, as delineated in the prosecution complaint was not but the the financial - and he The that the petitioner exercised control over various MAHAVIR SINGH 2026.08.29 16:45 I attest to the accuracy and authenticity of this order/ judgment CRM CRM CRM CRM----M M M M----22257 22257 22257 22257 group companies and used them for diversion and layering the alleged proceeds o although the petitioner was not shown as a formal its de facto financial and other matters. The prosecution communications and statements of persons connected with support the allegation that the petitioner was actively involved in its functioning. during the Corporate Insolvency Resolution Process of material placed influence over important projects even after commencement of the insolvency proceedings. Resolution Professional had and he recommended payments to vendors, including upon the progress of the projects. The prosecution circumstances to that of a person merely assisting the Resolution Professional. further alleged that Rahul Bansal, a close associate of the petitioner, acquired worth of the value from alleged that the company was used for making personal gains for the promoter family from assets and projects connected with 22257 22257 22257 22257----2026 2026 2026 2026 group companies and used them for diversion and layering the alleged proceeds of crime. In relation to SCPL, the specific allegation is that, although the petitioner was not shown as a formal de facto controlling authority and gave financial and other matters. The prosecution communications and statements of persons connected with support the allegation that the petitioner was actively involved in its functioning. Furthermore, the petitioner during the Corporate Insolvency Resolution Process of material placed by the prosecution, the petitioner influence over important projects even after commencement of the insolvency proceedings. The petitioner is stated to have admitted that the Resolution Professional had authorized him to oversee certain projects and he recommended payments to vendors, including upon the progress of the projects. The prosecution circumstances to show that the involvement that of a person merely assisting the Resolution Professional. alleged that Rahul Bansal, a close associate of the petitioner, acquired the shares in SCPL for a consideration below the stated net worth of the Company, which shows the alleged diversion of projects and value from RIL. In relation to Riyana Infratech, the prosecution that the company was used for making personal gains for the oter family from assets and projects connected with 5555 group companies and used them for diversion and layering the alleged , the specific allegation is that, although the petitioner was not shown as a formal Director, he acted as gave directions and guidance in its financial and other matters. The prosecution has relied upon WhatsApp communications and statements of persons connected with SCPL to support the allegation that the petitioner was actively involved in its the petitioner had played an important role during the Corporate Insolvency Resolution Process of RIL. As per the the petitioner continued to exercise influence over important projects even after commencement of the The petitioner is stated to have admitted that the him to oversee certain projects and he recommended payments to vendors, including SCPL, depending upon the progress of the projects. The prosecution has relied upon these involvement of the petitioner was beyond that of a person merely assisting the Resolution Professional. It has been alleged that Rahul Bansal, a close associate of the petitioner, had for a consideration below the stated net the alleged diversion of projects and In relation to Riyana Infratech, the prosecution has that the company was used for making personal gains for the oter family from assets and projects connected with RIL and the group companies and used them for diversion and layering the alleged , the specific allegation is that, irector, he acted as its upon WhatsApp to support the allegation that the petitioner was actively involved in its played an important role s per the continued to exercise influence over important projects even after commencement of the The petitioner is stated to have admitted that the him to oversee certain projects , depending these beyond has been had for a consideration below the stated net the alleged diversion of projects and has that the company was used for making personal gains for the and the MAHAVIR SINGH 2026.08.29 16:45 I attest to the accuracy and authenticity of this order/ judgment CRM CRM CRM CRM----M M M M----22257 22257 22257 22257 petitioner, as its and enjoyment of the alleged proceeds of crime. 2.4. active participant in the alleged diversion and subsequent handling of the proceeds of crime rather than treating his involvement as arising merely from his designation as a prosecution includes statements of per companies, financial records, digital communications and documents concerning the transactions between Special Court, while rejecting his earlier bail application, recorded that the materia active involvement affairs of RIL and 3. Ahluwalia iterated that the petitioner has been in custody since already undergone a substantial period of incarceration counsel has further contended that the prosecution complaint has already been filed before the competent Court, stand completed relied upon by the prosecution which are incarceration of the petitioner, despite the passage of considerable time in custody, would serve no useful purpose. 22257 22257 22257 22257----2026 2026 2026 2026 petitioner, as its Director, knowingly participated in the possession, use and enjoyment of the alleged proceeds of crime. The prosecution has attribute active participant in the alleged diversion and subsequent handling of the proceeds of crime rather than treating his involvement as arising merely from his designation as a Director. The material relied upon by the prosecution includes statements of persons associated with the group companies, financial records, digital communications and documents concerning the transactions between RIL Special Court, while rejecting his earlier bail application, recorded that the material collected during investigation active involvement of the petitioner in the financial and operational affairs of RIL and its connected entities. Learned counsel for the petitioner Ahluwalia, Senior Advocate; espousing the cause of the petitioner, has that the petitioner has been in custody since already undergone a substantial period of incarceration counsel has further contended that investigation the prosecution complaint has already been filed before the competent , stand completed. It has been further contended relied upon by the prosecution are predominantly documentary in nature which are already in its possession incarceration of the petitioner, despite the passage of considerable time in custody, would serve no useful purpose. 6666 irector, knowingly participated in the possession, use and enjoyment of the alleged proceeds of crime. attributed to the petitioner the role of an active participant in the alleged diversion and subsequent handling of the proceeds of crime rather than treating his involvement as arising merely irector. The material relied upon by the sons associated with the group companies, financial records, digital communications and documents RIL and its connected entities. The Special Court, while rejecting his earlier bail application, recorded that l collected during investigation, prima facie, indicate the in the financial and operational Learned counsel for the petitioner; led by Shri. P.S espousing the cause of the petitioner, has that the petitioner has been in custody since 20.01.2026 and has already undergone a substantial period of incarceration. Learned senior investigation qua the petitioner, after the prosecution complaint has already been filed before the competent . It has been further contended that the material(s) predominantly documentary in nature and, therefore, the continued incarceration of the petitioner, despite the passage of considerable time in Furthermore, the trial is likely irector, knowingly participated in the possession, use n active participant in the alleged diversion and subsequent handling of the proceeds of crime rather than treating his involvement as arising merely irector. The material relied upon by the sons associated with the group companies, financial records, digital communications and documents and its connected entities. The Special Court, while rejecting his earlier bail application, recorded that the in the financial and operational P.S espousing the cause of the petitioner, has and has . Learned senior after the prosecution complaint has already been filed before the competent (s) predominantly documentary in nature continued incarceration of the petitioner, despite the passage of considerable time in the trial is likely MAHAVIR SINGH 2026.08.29 16:45 I attest to the accuracy and authenticity of this order/ judgment CRM CRM CRM CRM----M M M M----22257 22257 22257 22257 to take considerable time, particularly in view of t accused, voluminous documentary material and the number of witnesses proposed to be examined by the prosecution. Learned emphasized and likelihood of the circumstances for 3.1. substantially statements already recorded and digital material already seized hence, there is the evidence. not at flight risk and is ready to c this Court 3.2. is not in custody in predicate offence. 3.3. is neither in a position to intimidate the prosecution witnesses nor is capable of influencing the course of trial in any manner prejudicial to the interest of the 3.4. for a considerable period question. near future as predicate offence is concerned, 22257 22257 22257 22257----2026 2026 2026 2026 to take considerable time, particularly in view of t accused, voluminous documentary material and the number of witnesses proposed to be examined by the prosecution. Learned emphasized that the length of custody, the and likelihood of the trial taking substantial time circumstances for the grant of bail to the petitioner. It has been argued that the evidence relied upon by the substantially consists of documents, forensic audit reports, bank records, statements already recorded and digital material already seized there is no reasonable possibility of the evidence. Furthermore, the petitioner has deep roots in flight risk and is ready to comply with any condition Court while granting the concession of regular bail. Learned senior counsel has further urged that the petitioner is not in custody in predicate offence. Learned senior counsel has further urged tha is neither in a position to intimidate the prosecution witnesses nor is capable of influencing the course of trial in any manner prejudicial to the interest of the ED. It has been contended that the for a considerable period of time i.e. about 07 months . Furthermore, there is no likelihood of the trial concluding near future as the case is still at the stage of pre as predicate offence is concerned, the charge 7777 to take considerable time, particularly in view of the large number of accused, voluminous documentary material and the number of witnesses proposed to be examined by the prosecution. Learned senior counsel has the filing of prosecution complaint trial taking substantial time constitute relevant to the petitioner. argued that the evidence relied upon by the ED consists of documents, forensic audit reports, bank records, statements already recorded and digital material already seized and, no reasonable possibility of the petitioner tampering with the petitioner has deep roots in the Society; is omply with any condition(s) imposed by while granting the concession of regular bail. further urged that the petitioner Learned senior counsel has further urged that the petitioner is neither in a position to intimidate the prosecution witnesses nor is capable of influencing the course of trial in any manner prejudicial to the t has been contended that the petitioner has been in custody about 07 months in the ECIR in Furthermore, there is no likelihood of the trial concluding in as the case is still at the stage of pre-cognizance, and insofar the charge-sheet filed by the CBI relies he large number of accused, voluminous documentary material and the number of witnesses counsel has filing of prosecution complaint constitute relevant ED consists of documents, forensic audit reports, bank records, , tampering with is imposed by further urged that the petitioner t the petitioner is neither in a position to intimidate the prosecution witnesses nor is capable of influencing the course of trial in any manner prejudicial to the been in custody in in insofar s MAHAVIR SINGH 2026.08.29 16:45 I attest to the accuracy and authenticity of this order/ judgment CRM CRM CRM CRM----M M M M----22257 22257 22257 22257 upon 1245 documents running into more than 28,000 pages and cites 187 prosecution witnesses commence as it is still at the stage of issuing notice to all the accused persons. Learned counsel has emphasized that the trial of both offences i.e. the scheduled offence as well as the PMLA offence, is at nascent sage and, thus, the prospect of conclusion of trial in near future is bleak constitutes a grave violation o under Article 21 of the Constitution of India 3.5. 4. by Shri Zoheab Hussain, Senior Advocat hand by arguing that the commercial transactions. According to material collected during diversion of bank fu entities, issuance of corporate guarantees and layering of transactions immediately before the insolvency of appearing for the crime of approximately in financial and operational affairs through network of companies controlled or influenced by him. further relied upon the statements of bank records and digital communications to contend that the petitioner was directly connected with the entities through which the alleged 22257 22257 22257 22257----2026 2026 2026 2026 upon 1245 documents running into more than 28,000 pages and cites 187 prosecution witnesses whereas the trial in scheduled offence is yet to commence as it is still at the stage of issuing notice to all the accused . Learned counsel has emphasized that the trial of both offences i.e. the scheduled offence as well as the PMLA offence, is at nascent sage , thus, the prospect of conclusion of trial in near future is bleak constitutes a grave violation of his fundamental right to speedy trial under Article 21 of the Constitution of India On these grounds, the grant of In oppugnation, learned counsel by Shri Zoheab Hussain, Senior Advocat by arguing that the allegations are not confined to ordinary commercial transactions. According to material collected during the course of investigation shows a systematic diversion of bank funds, fabrication of accounts, creation and use of shell entities, issuance of corporate guarantees and layering of transactions immediately before the insolvency of appearing for the ED has argued that these activities generate crime of approximately ₹236 crores and the petitioner ha in financial and operational affairs through network of companies controlled or influenced by him. Learned senior counsel for further relied upon the statements of witnesses, forensic audit material, bank records and digital communications to contend that the petitioner was directly connected with the entities through which the alleged 8888 upon 1245 documents running into more than 28,000 pages and cites 187 the trial in scheduled offence is yet to commence as it is still at the stage of issuing notice to all the accused . Learned counsel has emphasized that the trial of both offences i.e. the scheduled offence as well as the PMLA offence, is at nascent sage , thus, the prospect of conclusion of trial in near future is bleak which f his fundamental right to speedy trial under Article 21 of the Constitution of India On these grounds, the grant of regular bail is entreated for. counsel appearing for the ED; led by Shri Zoheab Hussain, Senior Advocate; has opposed the petition in allegations are not confined to ordinary commercial transactions. According to learned senior counsel, the investigation shows a systematic nds, fabrication of accounts, creation and use of shell entities, issuance of corporate guarantees and layering of transactions immediately before the insolvency of RIL. Learned senior counsel these activities generate proceeds of 236 crores and the petitioner has an active role in financial and operational affairs through network of companies Learned senior counsel for ED has witnesses, forensic audit material, bank records and digital communications to contend that the petitioner was directly connected with the entities through which the alleged upon 1245 documents running into more than 28,000 pages and cites 187 the trial in scheduled offence is yet to commence as it is still at the stage of issuing notice to all the accused . Learned counsel has emphasized that the trial of both offences i.e. the scheduled offence as well as the PMLA offence, is at nascent sage which f his fundamental right to speedy trial led petition in allegations are not confined to ordinary the investigation shows a systematic nds, fabrication of accounts, creation and use of shell entities, issuance of corporate guarantees and layering of transactions Learned senior counsel proceeds of an active role in financial and operational affairs through network of companies has witnesses, forensic audit material, bank records and digital communications to contend that the petitioner was directly connected with the entities through which the alleged MAHAVIR SINGH 2026.08.29 16:45 I attest to the accuracy and authenticity of this order/ judgment CRM CRM CRM CRM----M M M M----22257 22257 22257 22257 proceeds of crime were diverted, layered and projected as legitimate funds. It ha is a continuing offence and tracing the money trail importance. 4.1. collected during investigation petitioner proceeds of crime and the petitioner has failed to satisfy the statutory requirements for grant of bail under Section 45 of the PMLA. Furthermore, if released on bail 4.2. factum of the petitioner being incarcerated for a period of more than months in the him do not, 4.3. 5. the record. 6. Court is required to factors. The exercise is necessarily contextual and calls for a judicious balancing of the competing considerations. Amongst the relevant considerations are the nature and gravity of the accusation; the severity of the punishment prescribed for the alleged offence 22257 22257 22257 22257----2026 2026 2026 2026 proceeds of crime were diverted, layered and projected as legitimate has been further contended that the is a continuing offence and tracing the money trail importance. Learned senior counsel has further iterated that the collected during investigation prima facie petitioner in generation, diversion, layering, possession and utilization of proceeds of crime and the petitioner has failed to satisfy the statutory requirements for grant of bail under Section 45 of the PMLA. Furthermore, the likelihood of the petitioner evading the process of law if released on bail, cannot be ruled out at this stage Learned senior counsel has vociferously urged that the factum of the petitioner being incarcerated for a period of more than in the ECIR in question vis-à-vis him do not, ipso facto, warrant his release on regular bail. Thus, dismissal of the petition in hand I have heard learned counsel for the rival parties and perused the record. While adjudicating a prayer for grant of regular bail, the ourt is required to undertake a careful assessment of a multitude of The exercise is necessarily contextual and calls for a judicious balancing of the competing considerations. Amongst the relevant considerations are the nature and gravity of the accusation; the severity of the punishment prescribed for the alleged offence 9999 proceeds of crime were diverted, layered and projected as legitimate s been further contended that the offence of money-laundering is a continuing offence and tracing the money trail is of substantial Learned senior counsel has further iterated that the material prima facie establishes involvement of the in generation, diversion, layering, possession and utilization of proceeds of crime and the petitioner has failed to satisfy the statutory requirements for grant of bail under Section 45 of the PMLA. likelihood of the petitioner evading the process of law, , cannot be ruled out at this stage. Learned senior counsel has vociferously urged that the factum of the petitioner being incarcerated for a period of more than 07 the nature of allegations against , warrant his release on regular bail. petition in hand is canvassed for. I have heard learned counsel for the rival parties and perused prayer for grant of regular bail, the undertake a careful assessment of a multitude of The exercise is necessarily contextual and calls for a judicious balancing of the competing considerations. Amongst the relevant considerations are the nature and gravity of the accusation; the severity of the punishment prescribed for the alleged offence; the precise role proceeds of crime were diverted, layered and projected as legitimate laundering of substantial material of the in generation, diversion, layering, possession and utilization of proceeds of crime and the petitioner has failed to satisfy the statutory requirements for grant of bail under Section 45 of the PMLA. , Learned senior counsel has vociferously urged that the 07 the nature of allegations against I have heard learned counsel for the rival parties and perused prayer for grant of regular bail, the undertake a careful assessment of a multitude of The exercise is necessarily contextual and calls for a judicious balancing of the competing considerations. Amongst the relevant considerations are the nature and gravity of the accusation; the severity of ; the precise role MAHAVIR SINGH 2026.08.29 16:45 I attest to the accuracy and authenticity of this order/ judgment CRM CRM CRM CRM----M M M M----22257 22257 22257 22257 attributed to the accused; the nature and quality of the material collected during investigation; whether the allegations are specific and individualised or vague and omnibus; the prosecution case; the circums have been committed; the antecedents and criminal history, if any, of the accused; the likelihood of the accused absconding or evading the process of law; the possibility of influencing or intimidating witnesses; t likelihood of tampering with or destroying evidence; the propensity, if discernible from the material on record, to commit a similar or further offence; the possibility of repetition of the offence; the stage and progress of investigation or trial; the the likelihood of the trial being concluded within a reasonable time; the possibility of the accused being subjected to an unduly prolonged incarceration without adjudication of guilt; and the existence of any special or compelling circumstance which may bear upon the release on bail. accusation alleged to have been conceived and executed, criminality is individual or forms part of an organised or concerted design, the number of persons allegedly involved, the extent of alleged financial or pecuniary benefit derived, the magnitude of the loss caused, the vulnerability of perpetrating the alleged offence, and whether the accused is alleged to have occupied a position of authority, trust or control which was utilised 22257 22257 22257 22257----2026 2026 2026 2026 attributed to the accused; the nature and quality of the material collected during investigation; whether the allegations are specific and individualised or vague and omnibus; the prosecution case; the circumstances in which the offence is alleged to have been committed; the antecedents and criminal history, if any, of the accused; the likelihood of the accused absconding or evading the process of law; the possibility of influencing or intimidating witnesses; t likelihood of tampering with or destroying evidence; the propensity, if discernible from the material on record, to commit a similar or further offence; the possibility of repetition of the offence; the stage and progress of investigation or trial; the period of incarceration already undergone; the likelihood of the trial being concluded within a reasonable time; the possibility of the accused being subjected to an unduly prolonged incarceration without adjudication of guilt; and the existence of any cial or compelling circumstance which may bear upon the release on bail. The Court may also, depending upon the nature of the accusation(s), take into consideration the manner in which the offence is alleged to have been conceived and executed, criminality is individual or forms part of an organised or concerted design, the number of persons allegedly involved, the extent of alleged financial or pecuniary benefit derived, the magnitude of the loss caused, the vulnerability of the victims, the sophistication employed in perpetrating the alleged offence, and whether the accused is alleged to have occupied a position of authority, trust or control which was utilised 10 10 10 10 attributed to the accused; the nature and quality of the material collected during investigation; whether the allegations are specific and individualised or vague and omnibus; the prima facie strength of the tances in which the offence is alleged to have been committed; the antecedents and criminal history, if any, of the accused; the likelihood of the accused absconding or evading the process of law; the possibility of influencing or intimidating witnesses; the likelihood of tampering with or destroying evidence; the propensity, if discernible from the material on record, to commit a similar or further offence; the possibility of repetition of the offence; the stage and progress period of incarceration already undergone; the likelihood of the trial being concluded within a reasonable time; the possibility of the accused being subjected to an unduly prolonged incarceration without adjudication of guilt; and the existence of any cial or compelling circumstance which may bear upon the question of The Court may also, depending upon the nature of the , take into consideration the manner in which the offence is alleged to have been conceived and executed, whether the alleged criminality is individual or forms part of an organised or concerted design, the number of persons allegedly involved, the extent of alleged financial or pecuniary benefit derived, the magnitude of the loss caused, the victims, the sophistication employed in perpetrating the alleged offence, and whether the accused is alleged to have occupied a position of authority, trust or control which was utilised attributed to the accused; the nature and quality of the material collected during investigation; whether the allegations are specific and strength of the tances in which the offence is alleged to have been committed; the antecedents and criminal history, if any, of the accused; the likelihood of the accused absconding or evading the process he likelihood of tampering with or destroying evidence; the propensity, if discernible from the material on record, to commit a similar or further offence; the possibility of repetition of the offence; the stage and progress period of incarceration already undergone; the likelihood of the trial being concluded within a reasonable time; the possibility of the accused being subjected to an unduly prolonged incarceration without adjudication of guilt; and the existence of any question of The Court may also, depending upon the nature of the , take into consideration the manner in which the offence is whether the alleged criminality is individual or forms part of an organised or concerted design, the number of persons allegedly involved, the extent of alleged financial or pecuniary benefit derived, the magnitude of the loss caused, the victims, the sophistication employed in perpetrating the alleged offence, and whether the accused is alleged to have occupied a position of authority, trust or control which was utilised MAHAVIR SINGH 2026.08.29 16:45 I attest to the accuracy and authenticity of this order/ judgment CRM CRM CRM CRM----M M M M----22257 22257 22257 22257 in the commission of the offence. Equally relevant may be the co the accused before and after registration of the case, including cooperation with the investigation, compliance with previous orders, attempts to evade the process of law, or conduct suggestive of an endeavour to frustr 6.1. complexion in cases involving economic though invariably not attended by physical violence, cannot on that account be regarded as characterised by calculated design, deliberation, sophistication and a conscious abuse of financial Unlike an offence which may be committed in a moment of passion, impulse or sudden provocation, an depending upon its factual matrix, involve a preconceived course of conduct, preparation, manipulation of records or transactions, diversion or layering of funds, creation of fictitious documentation, misuse of corporate or fiduciary structures, concealment of the proceeds or coordinated participation of several persons. The absence of physical violence, therefore, cannot by itself dilute the seriousness of the alleged criminality or the potential consequences flowing th 6.2. material collected during investigation disclose a general or omnibus allegation against the accused, but contains specific and direct material connecti 22257 22257 22257 22257----2026 2026 2026 2026 in the commission of the offence. Equally relevant may be the co the accused before and after registration of the case, including cooperation with the investigation, compliance with previous orders, attempts to evade the process of law, or conduct suggestive of an endeavour to frustrate the investigation or tri The aforesaid considerations acquire a somewhat distinct complexion in cases involving economic though invariably not attended by physical violence, cannot on that account be regarded as less serious. Economic offence characterised by calculated design, deliberation, sophistication and a conscious abuse of financial, commercial and Unlike an offence which may be committed in a moment of passion, impulse or sudden provocation, an economic offence depending upon its factual matrix, involve a preconceived course of conduct, preparation, manipulation of records or transactions, diversion or layering of funds, creation of fictitious documentation, misuse of e or fiduciary structures, concealment of the proceeds or coordinated participation of several persons. The absence of physical violence, therefore, cannot by itself dilute the seriousness of the alleged criminality or the potential consequences flowing th This distinction assumes particular significance where the material collected during investigation, disclose a general or omnibus allegation against the accused, but contains specific and direct material connecting the individual with the alleged 11 11 11 11 in the commission of the offence. Equally relevant may be the conduct of the accused before and after registration of the case, including cooperation with the investigation, compliance with previous orders, attempts to evade the process of law, or conduct suggestive of an ate the investigation or trial. The aforesaid considerations acquire a somewhat distinct complexion in cases involving economic offence(s). Such offence(s), though invariably not attended by physical violence, cannot on that less serious. Economic offence(s) are frequently characterised by calculated design, deliberation, sophistication and a , commercial and fiduciary mechanisms. Unlike an offence which may be committed in a moment of passion, economic offence(s) may, indubitably depending upon its factual matrix, involve a preconceived course of conduct, preparation, manipulation of records or transactions, diversion or layering of funds, creation of fictitious documentation, misuse of e or fiduciary structures, concealment of the proceeds or coordinated participation of several persons. The absence of physical violence, therefore, cannot by itself dilute the seriousness of the alleged criminality or the potential consequences flowing therefrom. This distinction assumes particular significance where the , prima facie, does not merely disclose a general or omnibus allegation against the accused, but contains ng the individual with the alleged nduct of the accused before and after registration of the case, including cooperation with the investigation, compliance with previous orders, attempts to evade the process of law, or conduct suggestive of an The aforesaid considerations acquire a somewhat distinct , though invariably not attended by physical violence, cannot on that are frequently characterised by calculated design, deliberation, sophistication and a fiduciary mechanisms. Unlike an offence which may be committed in a moment of passion, indubitably depending upon its factual matrix, involve a preconceived course of conduct, preparation, manipulation of records or transactions, diversion or layering of funds, creation of fictitious documentation, misuse of e or fiduciary structures, concealment of the proceeds or coordinated participation of several persons. The absence of physical violence, therefore, cannot by itself dilute the seriousness of the alleged This distinction assumes particular significance where the does not merely disclose a general or omnibus allegation against the accused, but contains ng the individual with the alleged MAHAVIR SINGH 2026.08.29 16:45 I attest to the accuracy and authenticity of this order/ judgment CRM CRM CRM CRM----M M M M----22257 22257 22257 22257 transaction or the founded upon identifiable transactions, documentary material, financial trails, communications, corporate records, statements, digital evidence or other contemporaneous material which, at the stage of consideration of bail, prima facie Court would necessarily be required to approach the prayer for bail with greater circumspection. The Court is not expected, at the stage of bail, to conduct a meticulous appreciation of evidence as trial; nevertheless, it is equally impermissible to disregard material of substantial probative significance which, on a demonstrates a direct nexus between the accused and the alleged criminal conduct. 7. the allegations against the petitioner are grave and serious in nature. From the material available on record, a rather specific and direct role is forthcoming in respect of the petitioner RIL, and thereby in active and direct control of affairs and financial operations of prima facie, including, statement of individuals connected with were siphoned during the role of the petitioner in alleged offence. As per the prosecution version, 22257 22257 22257 22257----2026 2026 2026 2026 transaction or the modus operandi of the offence. Where the accusation is founded upon identifiable transactions, documentary material, financial trails, communications, corporate records, statements, digital evidence or other contemporaneous material which, at the stage of consideration of prima facie attributes a definite and active role to the accused, the Court would necessarily be required to approach the prayer for bail with greater circumspection. The Court is not expected, at the stage of bail, to conduct a meticulous appreciation of evidence as trial; nevertheless, it is equally impermissible to disregard material of substantial probative significance which, on a demonstrates a direct nexus between the accused and the alleged criminal Adverting to the factual conspectus of the the allegations against the petitioner are grave and serious in nature. From the material available on record, a rather specific and direct role is forthcoming in respect of the petitioner who has , and thereby in active and direct control of affairs and financial operations of RIL and other group concerns and companies. prima facie, there appears to exist sufficient material on record, including, statement of witnesses, Whatsapp communications, with individuals connected with SCPL (through which the proceeds of crime were siphoned-off); the alleged direct involvement of the petitioner during the CIRP proceedings; are sufficient to reflect direct and active of the petitioner in alleged offence. As per the prosecution version, 12 12 12 12 of the offence. Where the accusation is founded upon identifiable transactions, documentary material, financial trails, communications, corporate records, statements, digital evidence or other contemporaneous material which, at the stage of consideration of attributes a definite and active role to the accused, the Court would necessarily be required to approach the prayer for bail with greater circumspection. The Court is not expected, at the stage of bail, to conduct a meticulous appreciation of evidence as would be undertaken at trial; nevertheless, it is equally impermissible to disregard material of substantial probative significance which, on a prima facie assessment, demonstrates a direct nexus between the accused and the alleged criminal dverting to the factual conspectus of the petition in hand, the allegations against the petitioner are grave and serious in nature. From the material available on record, a rather specific and direct role is who has effective control of the , and thereby in active and direct control of affairs and financial and other group concerns and companies. Moreover, there appears to exist sufficient material on record, witnesses, Whatsapp communications, with (through which the proceeds of crime off); the alleged direct involvement of the petitioner are sufficient to reflect direct and active of the petitioner in alleged offence. As per the prosecution version, of the offence. Where the accusation is founded upon identifiable transactions, documentary material, financial trails, communications, corporate records, statements, digital evidence or other contemporaneous material which, at the stage of consideration of attributes a definite and active role to the accused, the Court would necessarily be required to approach the prayer for bail with greater circumspection. The Court is not expected, at the stage of bail, to would be undertaken at trial; nevertheless, it is equally impermissible to disregard material of assessment, demonstrates a direct nexus between the accused and the alleged criminal petition in hand, the allegations against the petitioner are grave and serious in nature. From the material available on record, a rather specific and direct role is of the , and thereby in active and direct control of affairs and financial Moreover, there appears to exist sufficient material on record, witnesses, Whatsapp communications, with (through which the proceeds of crime off); the alleged direct involvement of the petitioner are sufficient to reflect direct and active of the petitioner in alleged offence. As per the prosecution version, MAHAVIR SINGH 2026.08.29 16:45 I attest to the accuracy and authenticity of this order/ judgment CRM CRM CRM CRM----M M M M----22257 22257 22257 22257 the petitioner through this nefarious generation and further laundering Crores (approximately). 7.1. petitioner was arrested on 20.01.2026 and the prosecution complaint was thereafter filed on 19.03.2026. The prosecution complaint cites 25 witnesses, allegations levell petitioner being direct and specific, the examination of key witnesses, thus, assumes including key witnesses, are yet to be examined & such evidence cannot be assessed at this stage. The trial is required to proceed in accordance with law and this Court cannot, at this stage, prejudge the evidentiary value of the statements or docum upon by either side is no basis are reasonable grounds for believing that the petitioner is not guilty of the offence(s) as alleged. 7.2. This period nonce, to afford benefit of bail to the petitioner on the ground of incarceration when considere especially him. The prosecution complaint has been filed but the material witnesses 22257 22257 22257 22257----2026 2026 2026 2026 the petitioner through this nefarious modus generation and further laundering of proceeds to the tune of Rs. Crores (approximately). The ECIR in question was registered petitioner was arrested on 20.01.2026 and the prosecution complaint was thereafter filed on 19.03.2026. The prosecution complaint cites 25 witnesses, whose evidence would be material for determining the allegations levelled against the petitioner. The allegations against the petitioner being direct and specific, the examination of key witnesses, assumes significance. The witnesses cited by the prosecution, including key witnesses, are yet to be examined & such evidence cannot be assessed at this stage. The trial is required to proceed in accordance with law and this Court cannot, at this stage, prejudge the evidentiary value of the statements or docum upon by either side, lest it may prejudice the trial. is no basis nay tangible basis, whereupon are reasonable grounds for believing that the petitioner is not guilty of the offence(s) as alleged. The petitioner is in custody for a period of about 07 months period, by itself, cannot be construed to be sufficient, at least for the , to afford benefit of bail to the petitioner on the ground of incarceration when considered vis.-a-vis especially in the backdrop of the nature The prosecution complaint has been filed but the material witnesses 13 13 13 13 modus, has been involved in of proceeds to the tune of Rs.236 was registered on 31.03.2021; the petitioner was arrested on 20.01.2026 and the prosecution complaint was thereafter filed on 19.03.2026. The prosecution complaint cites 25 evidence would be material for determining the ed against the petitioner. The allegations against the petitioner being direct and specific, the examination of key witnesses, significance. The witnesses cited by the prosecution, including key witnesses, are yet to be examined & therefore, the effect of such evidence cannot be assessed at this stage. The trial is required to proceed in accordance with law and this Court cannot, at this stage, prejudge the evidentiary value of the statements or documents relied it may prejudice the trial. At this juncture, there whereupon this Court is satisfied that there are reasonable grounds for believing that the petitioner is not guilty of the ner is in custody for a period of about 07 months. , by itself, cannot be construed to be sufficient, at least for the , to afford benefit of bail to the petitioner on the ground of his long vis the present stage of trial nature etc. of the allegations against The prosecution complaint has been filed but the material witnesses involved in 236 on 31.03.2021; the petitioner was arrested on 20.01.2026 and the prosecution complaint was thereafter filed on 19.03.2026. The prosecution complaint cites 25 evidence would be material for determining the ed against the petitioner. The allegations against the petitioner being direct and specific, the examination of key witnesses, significance. The witnesses cited by the prosecution, therefore, the effect of such evidence cannot be assessed at this stage. The trial is required to proceed in accordance with law and this Court cannot, at this stage, ents relied At this juncture, there this Court is satisfied that there are reasonable grounds for believing that the petitioner is not guilty of the . , by itself, cannot be construed to be sufficient, at least for the long of trial against The prosecution complaint has been filed but the material witnesses MAHAVIR SINGH 2026.08.29 16:45 I attest to the accuracy and authenticity of this order/ judgment CRM CRM CRM CRM----M M M M----22257 22257 22257 22257 are yet to be examined & the stage as would war incarceration 7.3. petition in hand bail to the petitioner at this stage. 8. (i) dismissed, for the (ii) hereinabove shall no Court shall proceed influenced with this order. (iii) August 27 Ajay/mahavir 22257 22257 22257 22257----2026 2026 2026 2026 are yet to be examined & the custody period has stage as would warrant interference merely on the ground of the period incarceration already suffered by the petitioner. Keeping in view the entirety of the factual petition in hand, this Court does not deem it appropriate to afford regular the petitioner at this stage. In view of the prevenient ratiocination, it is ordained thus: The petition in hand is devoid of merits and i dismissed, for the nonce. Any observations made and/or submissions noted hereinabove shall not have any effect on merits of the case and Court shall proceed further, in accordance with law, influenced with this order. Pending application(s), if any, shall also stand disposed of. 7, 2026 /mahavir Whether speaking/reasoned: Whether reportable: 14 14 14 14 custody period has not progressed to such a rant interference merely on the ground of the period of by the petitioner. Keeping in view the entirety of the factual milieu of the , this Court does not deem it appropriate to afford regular In view of the prevenient ratiocination, it is ordained thus: The petition in hand is devoid of merits and is hereby Any observations made and/or submissions noted t have any effect on merits of the case and the trial further, in accordance with law, without being Pending application(s), if any, shall also stand disposed of. (SUMEET GOEL) (SUMEET GOEL) (SUMEET GOEL) (SUMEET GOEL) JUDGE JUDGE JUDGE JUDGE Yes/No Yes/No not progressed to such a of of the , this Court does not deem it appropriate to afford regular s hereby Any observations made and/or submissions noted trial without being MAHAVIR SINGH 2026.08.29 16:45 I attest to the accuracy and authenticity of this order/ judgment