M3M’s Roop Bansal's bail decision deferred
ECONOMY & POLICY

M3M’s Roop Bansal's bail decision deferred

 A special court has deferred its decision on the bail application of M3M's Managing Director, Roop Bansal, to Tuesday. Simultaneously, another court issued production warrants for the same day against Bansal in a Prevention of Money Laundering Act (PMLA) case linked to former CBI judge Sudhir Parmar.

Bansal's counsel argued in the bail application that the Enforcement Directorate (ED) had failed to file the complete challan within the stipulated time frame.

The court is expected to rule on a bail application filed by Ireo MD Lalit Goyal. Additionally, it will address a defence counsel's application to dismiss proceedings against Bansal in the ACB case.

Earlier, Bansal, Ajay Parmar, and Sudhir Parmar were the primary accused in an ACB case filed in April. Apart from Bansal, the ED has arrested Goyal, Sudhir Parmar, Ajay Parmar, and M3M directors Bansant Bansal and Pankaj Bansal.

Roop Bansal was arrested in a PMLA case in 2021, while Lalit Goyal was the key figure in a Rs 4.00 billion money laundering case. Roop Bansal and his associates were accused of funneling proceeds of crime through various linked shell companies.

As Roop Bansal's bail application relied on technical grounds, ED investigators sought his production warrants to compel him to participate in the ACB case investigation.

Jail authorities will present Roop Bansal in the ED court on Tuesday.

 A special court has deferred its decision on the bail application of M3M's Managing Director, Roop Bansal, to Tuesday. Simultaneously, another court issued production warrants for the same day against Bansal in a Prevention of Money Laundering Act (PMLA) case linked to former CBI judge Sudhir Parmar.Bansal's counsel argued in the bail application that the Enforcement Directorate (ED) had failed to file the complete challan within the stipulated time frame.The court is expected to rule on a bail application filed by Ireo MD Lalit Goyal. Additionally, it will address a defence counsel's application to dismiss proceedings against Bansal in the ACB case.Earlier, Bansal, Ajay Parmar, and Sudhir Parmar were the primary accused in an ACB case filed in April. Apart from Bansal, the ED has arrested Goyal, Sudhir Parmar, Ajay Parmar, and M3M directors Bansant Bansal and Pankaj Bansal.Roop Bansal was arrested in a PMLA case in 2021, while Lalit Goyal was the key figure in a Rs 4.00 billion money laundering case. Roop Bansal and his associates were accused of funneling proceeds of crime through various linked shell companies.As Roop Bansal's bail application relied on technical grounds, ED investigators sought his production warrants to compel him to participate in the ACB case investigation.Jail authorities will present Roop Bansal in the ED court on Tuesday.

Next Story
Technology

AirBrick Infra Sets Rs 1 billion Target, Expands to Dubai and Tier-II Cities

AirBrick Infra, one of India’s fastest-growing AI-led commercial interior design and build firms, has announced a sales order target of Rs 1 billion for FY 2025–26. The projection represents a 50 per cent growth over the previous fiscal year and reflects rising demand, increased repeat business, and the company's robust tech-first delivery model.  Now in its third year of operations, AirBrick continues its rapid scale-up, having successfully delivered over 70 projects spanning 3 lakh sq ft in FY 2023–24. FY 2024–25 witnessed the onboarding of several Fortune 500 clients, sett..

Next Story
Resources

Virtusa Foundation Powers Green Education Drive in Bengaluru

The Virtusa Foundation, CSR arm of digital engineering and technology leader Virtusa Corporation, has announced key infrastructure and mobility initiatives at the Ramakrishna Mission, Shivanahalli, Bengaluru. The launch marks the inauguration of a 16-room residential facility for lady teachers and the deployment of two solar-powered electric buses, underscoring Virtusa’s commitment to its core pillars of Education, Environment and Empowerment (3Es).  Located on the forest fringe near Bannerghatta National Park, the initiative supports tribal and underserved communities, complementi..

Next Story
Infrastructure Urban

Godrej Enterprises Drives India’s Smart Green Logistics Shift

As India accelerates its transformation into a global manufacturing and logistics hub, Godrej Enterprises Group (GEG) is taking the lead with its smart, sustainable intralogistics solutions. Through its Material Handling Equipment (MHE) and Storage Solutions businesses, GEG is redefining operational efficiency in modern warehouses and factories using IoT, automation, and AI. GEG has consistently maintained a 20–25 per cent market share in the intralogistics sector over the past three years. Today, over 37 per cent of GEG’s revenues come from its Good & Green portfolio, and its net..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?