M3M Realty MD seeks anticipatory bail amid PMLA investigations

14 Nov 2023 CW Team

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.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..