Ahmedabad
CBI had registered a criminal case in March 2018 against the Bhatnagar brothers Amit and Sumit and their father Suresh, all promoters of DPIL, for fraudulently availing credit facilities from a consortium of 11 banks since 2008
Updated : May 15, 2019, 06:15 AM IST
The Gujarat High Court on Tuesday admitted the temporary bail plea of Sumit Bhatnagar of Diamond Power Infrastructure Limited (DPIL), who is behind bars in connection with the Rs 2,654 crore bank fraud case. The single judge bench of Justice VP Patel, while admitting the case, sought a response from the Central Bureau of Investigation (CBI), the agency investigation the bank fraud, and posted the matter for arguments on May 20.
Bhatnagar, through his advocate Amit Nair, has sought bail for four-weeks and cited two reasons for securing the bail. He informed the court that his daughter, who is suffering from dyslexia and is a special child, has recently passed class X board exams and is supposed to attend counselling for subject selection in class XI, for which his presence is required. Bhatnagar has also submitted that his daughter is suffering from depression and needs psychiatric therapy.
Nair told DNA that the special child studies in a school in Vadodara and Bhatnagar urgently needs bail for helping his daughter in subject selection and completing other formalities in the school. Following the submissions, the court immediately admitted the matter and directed CBI to put forth its stand on Bhatnagar's bail plea by Monday, when furthering hearing in the case will be carried out.