The high court observed that the loan was repaid before the registration of the FIR by the CBI and initiation of the proceedings under the Prevention of Money Laundering Act (PMLA).
Kochhar must surrender his passport and visit the ED once a month. Of the 11 accused in the ED case, Kochhar was the only one arrested, in September. The 59-year-old is likely to complete his bail formalities and get released by the weekend, said his lawyer.
This story is from the March 26, 2021 edition of The Times of India Mumbai.
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This story is from the March 26, 2021 edition of The Times of India Mumbai.
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