A three-judge bench led by justice KM Joseph delivered the authoritative ruling on the point of law as it dismissed the Enforcement Directorate's (ED) appeal against the grant of default bail to former Dewan Housing Finance Corporation (DHFL) promoters Kapil Wadhawan and Dheeraj Wadhawan in a money laundering case in connection with the Yes Bank scam. The bench, which included justices Hrishikesh Roy and BV Nagarathna, declared that for considering a claim for default bail, the day of remand is to be included while computing the period of 60 or 90 days for the agency to conclude its probe and present a charge sheet.
"The remand period will be calculated from the date when the magistrate remanded the accused... in other words, an accused becomes entitled to default bail if the charge sheet is not filed before the 61st or the 91st day of the remand, as contemplated in Section 167 (2)(a)(ii) of the CrPC," said justice Roy, reading out the operative part of the verdict. The detailed judgment is yet to be released.
This story is from the March 28, 2023 edition of Hindustan Times.
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This story is from the March 28, 2023 edition of Hindustan Times.
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