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

Hyderabad Financial District Evolves into a City Within a City

The Financial District in Hyderabad is rapidly transforming into more than just a business hub—it is evolving into a “city within a city,” a compact ecosystem where work, home, education, healthcare, and lifestyle coexist seamlessly. This vision was reinforced at a press conference hosted by ASBL, where data and insights highlighted why the Financial District has become one of India’s most resilient and future-ready real estate markets. Over the past four years, rental appreciation has consistently outpaced the city average, underlining genuine demand. In FY 2024–25 alone, 3BHK ..

Next Story
Real Estate

TOTO Expands Bathroom Portfolio in India

TOTO India has expanded its product portfolio with the launch of season-inspired basins, premium faucets, and a new water-efficient WC range. The new additions reflect the brand’s philosophy of combining Japanese craftsmanship, technology, and design with sustainable living. The season-themed basins, enhanced with TOTO’s CEFIONTECT glaze, are offered in four shades—Forest Green, Mandarin Orange, Scarlet Red, and Ash Blue—each inspired by a season. Complementing these are faucets in Rose Gold and Graphite finishes, crafted with PVD technology for durability and manufactured using p..

Next Story
Infrastructure Energy

India Sees 1 per cent Drop in Power Sector CO₂ Emissions

India’s carbon dioxide emissions from the power sector fell by 1 per cent year-on-year in the first half of 2025, marking only the second decline in nearly 50 years, according to a research report. The reduction was largely driven by record clean-energy capacity additions and lower electricity demand due to unusually mild weather, the analysis by the Centre for Research on Energy and Clean Air (CREA) for Carbon Brief found.The Helsinki-based think tank attributed 65 per cent of the decline in fossil-fuel generation to slower demand growth, 20 per cent to faster expansion of clean energy, and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?