Delhi HC grants bail to former Amrapali director in 4 cases
ECONOMY & POLICY

Delhi HC grants bail to former Amrapali director in 4 cases

The Delhi High Court, granted bail to Ajay Kumar, Former Group Director, Amrapali, in four cases of cheating and fraud filed by the police based on complaints from homebuyers in various residential projects of the real estate company in Greater Noida, Uttar Pradesh.

According to the homebuyers, despite having paid the majority of the consideration amount, the projects were either halted, abandoned, or possession of flats was provided in a significantly delayed and incomplete manner.

Justice Amit Bansal noted that there were no specific allegations against Kumar regarding his responsibility for the financial matters, policy-making, or administration of the real estate company. He stated that Kumar's exact role would be determined only after the trial's conclusion, which is expected to take a considerable amount of time.

Justice Amit Bansal stated, "Considering the voluminous documents, the number of witnesses, and the expected lengthy duration of the trial, the applicant cannot be kept under incarceration indefinitely. Accordingly, given the overall facts and circumstances and the period of incarceration already undergone by the applicant, this court is inclined to grant bail to the applicant."

The court directed that Kumar, who had been arrested in the FIRs filed by the Economic Offences Wing (EOW) of the Delhi Police in 2021 and 2022, be granted bail on a personal bond of Rs 1 lakh with one surety of the same amount. This is subject to certain conditions, such as not leaving the country without the court's prior permission and participating in the investigation.

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The Delhi High Court, granted bail to Ajay Kumar, Former Group Director, Amrapali, in four cases of cheating and fraud filed by the police based on complaints from homebuyers in various residential projects of the real estate company in Greater Noida, Uttar Pradesh. According to the homebuyers, despite having paid the majority of the consideration amount, the projects were either halted, abandoned, or possession of flats was provided in a significantly delayed and incomplete manner. Justice Amit Bansal noted that there were no specific allegations against Kumar regarding his responsibility for the financial matters, policy-making, or administration of the real estate company. He stated that Kumar's exact role would be determined only after the trial's conclusion, which is expected to take a considerable amount of time. Justice Amit Bansal stated, Considering the voluminous documents, the number of witnesses, and the expected lengthy duration of the trial, the applicant cannot be kept under incarceration indefinitely. Accordingly, given the overall facts and circumstances and the period of incarceration already undergone by the applicant, this court is inclined to grant bail to the applicant. The court directed that Kumar, who had been arrested in the FIRs filed by the Economic Offences Wing (EOW) of the Delhi Police in 2021 and 2022, be granted bail on a personal bond of Rs 1 lakh with one surety of the same amount. This is subject to certain conditions, such as not leaving the country without the court's prior permission and participating in the investigation.

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