- The Supreme Court has issued a notice to Videocon Group Chairman Venugopal Dhoot on the CBI’s plea challenging his bail in the ICICI Bank loan fraud case.
- The CBI has argued that the Bombay High Court’s decision to grant bail to Dhoot was “erroneous’ ‘ and that he should be kept in custody till the trial is over.
- The Supreme Court has asked Dhoot to file his response to the CBI’s plea within two weeks.
- The matter will be heard by the Supreme Court next on July 11.
Here are some additional details about the case:
- The CBI filed a case against Dhoot and others in 2019, alleging that they had defrauded ICICI Bank of Rs. 1,875 crore by providing loans to Videocon Group companies without proper due diligence.
- Dhoot was arrested in January 2020 and granted bail by the Bombay High Court in January 2023.
- The CBI has challenged the bail order on the grounds that Dhoot is a flight risk and that he may tamper with evidence.
The Supreme Court’s notice is a significant development in the case, and it will be interesting to see how the court rules on the CBI’s plea.
[1]LIVE LAW
https://www.livelaw.in/top-stories/icici-bank-loan-fraud-case-supreme-court-issues-notice-in-cbis-plea-challenging-bail-granted-to-videocon-group-chairman-venugopal-dhoot-231977 (LAST VISITED 5th JULY , 2023 )
WRITTEN BY – ADITYA SINGH, COLLEGE NAME – SHRI RAMSWAROOP MEMORIAL UNIVERSITY, SEMESTER – 6th , an intern under LEGALVIDHIYA
