SC dismisses ED’s appeal against bail to DHFL’s Wadhawan in Yes Bank case
2 years ago

SC dismisses ED’s appeal against bail to DHFL’s Wadhawan in Yes Bank case

Live Mint  

The Supreme Court has dismissed an appeal filed by the Enforcement Directorate against the Bombay High Court's decision to grant bail to Kapil Wadhawan and Dheeraj Wadhawan, former DHFL promoters, in a Yes Bank money laundering case. The legal issue had arisen during the hearing of an ED's appeal against a Bombay High Court order granting bail to the former promoters of the Dewan Housing Finance Limited. The Supreme Court had issued a notice to the accused in response to the Enforcement Directorate's plea against the Bombay High Court's decision to grant bail to the Wadhawan brothers in a Yes Bank money laundering case. On August 20, 2020, the High Court had granted the bail on the basis that the Enforcement Directorate had not filed the charge sheet within the 60-day period, making the mandatory default bail applicable.

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