Bombay HC seeks ED's response to Naresh Goyal's arrest challenge
AVIATION & AIRPORTS

Bombay HC seeks ED's response to Naresh Goyal's arrest challenge

The Bombay High Court issued a directive to the Enforcement Directorate (ED) to submit an affidavit in response to a petition filed by Naresh Goyal, the founder of Jet Airways, challenging his "unlawful" arrest in connection with a money laundering case linked to a bank loan default.

In his plea, Goyal asserted that his arrest was conducted in violation of the provisions of the Prevention of Money Laundering Act (PMLA). He also contested the orders of a special court, which initially remanded him to ED custody and later sent him to judicial remand in jail.

During the hearing, Advocate Hiten Venegaonkar, representing the ED, requested additional time to file their response affidavit. Senior counsel Amit Desai, representing the 74-year-old businessman, appealed to the court for an expedited hearing due to his client's advanced age. The division bench of Justices Revati Mohite Dere and Gauri Godse acknowledged the need to allow the opposing party time to reply and noted that Goyal had the option to file for bail. Justice Dere further mentioned that the ED might challenge the maintainability of Goyal's plea in the High Court.

The bench scheduled the next hearing for October 6, by which time the ED must file its affidavit.
Currently, Goyal is in judicial custody at Arthur Road Jail in Mumbai, following his arrest in the money laundering case related to an alleged fraud of Rs 5.38 billion at Canara Bank. The septuagenarian businessman, formerly at the helm of India's leading private airline, was apprehended by the ED on September 1 and initially placed in their custody until September 14. Subsequently, he was remanded to judicial custody for two weeks.

In his plea, Goyal argued that his arrest was arbitrary, unjustified, and conducted without adhering to the proper procedural guidelines outlined by the ED. He sought immediate release.

The money laundering case originates from an FIR filed by the Central Bureau of Investigation (CBI) against Jet Airways, Goyal, his wife Anita, and some former company executives of the now-defunct airline. The case is related to an alleged Rs 5.38 billion fraud at Canara Bank, a government-owned lender, which claimed that it had granted credit limits and loans amounting to Rs 848.86 crore to Jet Airways (India) Ltd, with Rs 5.38 billion remaining outstanding.

The Bombay High Court issued a directive to the Enforcement Directorate (ED) to submit an affidavit in response to a petition filed by Naresh Goyal, the founder of Jet Airways, challenging his unlawful arrest in connection with a money laundering case linked to a bank loan default.In his plea, Goyal asserted that his arrest was conducted in violation of the provisions of the Prevention of Money Laundering Act (PMLA). He also contested the orders of a special court, which initially remanded him to ED custody and later sent him to judicial remand in jail.During the hearing, Advocate Hiten Venegaonkar, representing the ED, requested additional time to file their response affidavit. Senior counsel Amit Desai, representing the 74-year-old businessman, appealed to the court for an expedited hearing due to his client's advanced age. The division bench of Justices Revati Mohite Dere and Gauri Godse acknowledged the need to allow the opposing party time to reply and noted that Goyal had the option to file for bail. Justice Dere further mentioned that the ED might challenge the maintainability of Goyal's plea in the High Court.The bench scheduled the next hearing for October 6, by which time the ED must file its affidavit.Currently, Goyal is in judicial custody at Arthur Road Jail in Mumbai, following his arrest in the money laundering case related to an alleged fraud of Rs 5.38 billion at Canara Bank. The septuagenarian businessman, formerly at the helm of India's leading private airline, was apprehended by the ED on September 1 and initially placed in their custody until September 14. Subsequently, he was remanded to judicial custody for two weeks.In his plea, Goyal argued that his arrest was arbitrary, unjustified, and conducted without adhering to the proper procedural guidelines outlined by the ED. He sought immediate release.The money laundering case originates from an FIR filed by the Central Bureau of Investigation (CBI) against Jet Airways, Goyal, his wife Anita, and some former company executives of the now-defunct airline. The case is related to an alleged Rs 5.38 billion fraud at Canara Bank, a government-owned lender, which claimed that it had granted credit limits and loans amounting to Rs 848.86 crore to Jet Airways (India) Ltd, with Rs 5.38 billion remaining outstanding.

Next Story
Infrastructure Urban

Afcons shares gain momentum with Bhopal Metro Line 2 project

Afcons Infrastructure made a quiet debut on the stock market on Monday but quickly gained momentum after emerging as the lowest bidder for the Bhopal metro project line 2 package.The Bhopal Metro Phase 1 project’s 12.915 km Blue Line (Line-2) will link Bhadbhada Chauraha and Ratnagiri Tiraha, spanning 13 elevated stations. This package, issued by the Madhya Pradesh Metro Rail Corporation (MPMRCL), involves constructing all 13 stations of the Blue Line’s viaduct. The depot will also be shared with the Orange Line (Karond Circle to AIIMS) for maintenance and stabling purposes.Afcons’ exten..

Next Story
Infrastructure Transport

Locals urge CM to opt for road bypass over flyover at Dandeavaddo

Chinchinim villagers respectfully requested Pramod Sawant, Chief Minister, to instruct the Public Works Department (PWD) and the National Highway authorities to construct a road bypass instead of a flyover on the Dandeavaddo stretch of NH66. The villagers, led by Sarpanch Frank Viegas and Velim MLA Cruz Silva, also raised the long-standing issue of building the Chinchinim Panchayat Ghar and a multi-purpose project on panchayat land that was acquired more than 15 years ago. The delegation met the Chief Minister at the St. Sebastian Chapel junction in Chinchinim as he was returning home from a..

Next Story
Infrastructure Transport

MLA Yashpal Suvarna Announces Malpe-Udupi Highway Construction from Nov 6

MLA Yashpal Suvarna instructed officials to commence work on the Malpe-Udupi Highway on Wednesday. A meeting took place, attended by MP Kota Shrinivas Poojary, Udupi MLA Yashpal Suvarna, and Kaup MLA Suresh Shetty Gurme, to discuss the National Highway 169A project, which spans from Malpe to Udupi, covering areas like Hiriyadka, Parkala, and Perdur. The project had experienced delays due to incomplete land acquisition, but compensation notices have now been issued to the landowners. Of the 214 land acquisition files, 19 pertain to government land, while 195 involve private owners. Notices ha..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000