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
Infrastructure Transport

DGCA Reviews Safety and Delays at Air India, Express

The Directorate General of Civil Aviation (DGCA) conducted a detailed review meeting on 17 June 2025 with the senior management of Air India Limited and Air India Express. The move came in response to a series of flight delays and passenger complaints, with the regulator focusing on improving safety, operational performance, and customer service.Together, the two airlines operate more than 1,000 daily flights across India and abroad. The DGCA highlighted that several of the delays were maintenance-related and called for improved coordination between engineering, operations, and ground handling..

Next Story
Infrastructure Transport

Nitish Kumar Inaugurates Key NH-22 Road in Bihar

Bihar Chief Minister Nitish Kumar on Monday inaugurated the Bhupatipur–Punpun section of the Mithapur–Mahuli–Punpun corridor, part of National Highway 22. The new road link, constructed by infrastructure major Afcons Infrastructure Ltd, drastically reduces travel time from nearly one hour to just ten minutes, benefiting hundreds of thousands of daily commuters in the region.The completed section comprises a 5-kilometre elevated four-lane corridor, 10 kilometres of at-grade four-lane road, and a 1-kilometre ramp, all designed to support travel speeds of up to 100 km/h, enhancing both spee..

Next Story
Infrastructure Urban

UGRO Acquires Profectus to Boost MSME Lending and Profits

UGRO Capital Limited, a leading DataTech non-banking financial company (NBFC) focused on MSME financing, has signed an agreement to acquire 100 per cent equity in Profectus Capital Private Limited, a secured lending-focused NBFC, in an all-cash deal funded from UGRO’s recent equity raise. This strategic acquisition makes Profectus a wholly owned subsidiary and is expected to contribute approximately Rs 1.5 billion (USD 18 million) in annualised profit to UGRO, with Rs 1.15 billion in cost savings, thereby enhancing capital adequacy and return on assets by 60–70 basis points post-merger.The..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?