M3M Realty MD seeks anticipatory bail amid PMLA investigations
Real Estate

M3M Realty MD seeks anticipatory bail amid PMLA investigations

PNB Housing Finance, a housing finance company, has set the target of adding 60 more Roshni branches by the end of this financial year, thereby increasing the total number of affordable branches to 160.

The company recently inaugurated its 100th branch, which is also the first all-women Roshni branch, in Tambaram, Tamil Nadu. Currently, there are 14 Following his release on bail in the PMLA case associated with Ireo, Roop Bansal, the managing director and promoter of the realty group M3M, has taken steps to secure anticipatory bail in a case filed by the Anti-Corruption Bureau, which implicates former CBI judge Sudhir Parmar.

During a recent court session, special PMLA judge Rajeev Goyal, after considering arguments from the defence counsel and senior prosecutors of the ED, scheduled November 17 as the next hearing date to decide on the bail application. Despite this, the court denied any interim relief to Bansal, asserting that the ED's notice did not pose a threat of imminent arrest.

Earlier, the Enforcement Directorate (ED), conducting the investigation, had sought production warrants for Roop Bansal, who was detained in Ambala jail. However, these warrants became irrelevant as Bansal secured his release from jail after being granted bail by the Punjab and Haryana High Court.

Sources revealed that senior counsel representing Bansal requested interim relief, seeking to prevent his arrest until the next hearing. The defence argued that the ED was attempting to apprehend Bansal unjustly.

The defence counsel further highlighted that during Bansal's custody, the ED had filed an application seeking permission to record his statement under Section 50 of the PMLA at the Central Jail, Ambala. The court granted permission, and the ED proceeded to question Bansal with a set of 92 queries. The next hearing is scheduled for November 17.

PNB Housing Finance, a housing finance company, has set the target of adding 60 more Roshni branches by the end of this financial year, thereby increasing the total number of affordable branches to 160. The company recently inaugurated its 100th branch, which is also the first all-women Roshni branch, in Tambaram, Tamil Nadu. Currently, there are 14 Following his release on bail in the PMLA case associated with Ireo, Roop Bansal, the managing director and promoter of the realty group M3M, has taken steps to secure anticipatory bail in a case filed by the Anti-Corruption Bureau, which implicates former CBI judge Sudhir Parmar. During a recent court session, special PMLA judge Rajeev Goyal, after considering arguments from the defence counsel and senior prosecutors of the ED, scheduled November 17 as the next hearing date to decide on the bail application. Despite this, the court denied any interim relief to Bansal, asserting that the ED's notice did not pose a threat of imminent arrest. Earlier, the Enforcement Directorate (ED), conducting the investigation, had sought production warrants for Roop Bansal, who was detained in Ambala jail. However, these warrants became irrelevant as Bansal secured his release from jail after being granted bail by the Punjab and Haryana High Court. Sources revealed that senior counsel representing Bansal requested interim relief, seeking to prevent his arrest until the next hearing. The defence argued that the ED was attempting to apprehend Bansal unjustly. The defence counsel further highlighted that during Bansal's custody, the ED had filed an application seeking permission to record his statement under Section 50 of the PMLA at the Central Jail, Ambala. The court granted permission, and the ED proceeded to question Bansal with a set of 92 queries. The next hearing is scheduled for November 17.

Next Story
Real Estate

Varun Malik Joins ANAROCK as MD, Head of Capital Markets, APAC

ANAROCK Capital has appointed Varun Malik as Managing Director, Head of Capital Markets (APAC), marking a strategic move to expand its presence across Asia-Pacific. Based in Singapore, Malik will drive ANAROCK’s capital markets initiatives in the region.A real estate finance veteran, Malik brings over 18 years of experience in structuring complex cross-border transactions across South-East Asia and Australia. He has led debt and equity deals for REITs, fund managers, and developers, delivering strong returns and driving investor value.“We will redefine real estate capital solutions across ..

Next Story
Real Estate

Patra Chawl lottery held, 663 families allotted homes

Mumbai's Siddharth Nagar (Patra Chawl) Co-operative Housing Society members in Goregaon (West) saw their 15-year wait come to a close as MHADA conducted a successful computerised lottery for 663 eligible members under its redevelopment scheme.The Mumbai Housing and Area Development Board conducted the draw using the RAT (Randomised Allotment of Tenement) system at Sardar Vallabhbhai Patel Hall. The lottery, overseen by Mr. Milind Borikar, Chief Officer of Mumbai Board, ensured transparency by digitally allotting each member a building, wing, and floor.The project, located on Plot R-9, received..

Next Story
Infrastructure Transport

BLR Airport crosses 41 million passengers, 500,000 MT cargo

Kempegowda International Airport, Bengaluru (BLR Airport), has recorded key operational milestones in FY 2024-25, crossing 41.88 million passengers and handling 502,480 metric tonnes of cargo. This marks a year-on-year passenger growth of 11.6 per cent and a 14 per cent rise in cargo volumes.Domestic footfall reached 36.05 million, up 10 per cent, while international traffic saw a robust 25 per cent jump to 5.83 million, aided by Indigo’s global expansion and added frequencies by international carriers. BLR Airport now connects to 76 domestic and 33 international destinations, with Hanoi set..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?