Published On: Sat, Jan 27th, 2018

Delhi court rejects bail plea of two builders

RERA-2 By Accommodation Times Bureau


A Delhi court refused to grant bail to two directors of real estate who allegedly cheated over 8,000 investors and it also observed that any monetary offence leads to imbalance in economy.

Special Judge Kamini Lau also pulled up the Economic Offences Wing (EOW) of Delhi Police for clubbing all complaints together in one First Information Report (FIR).

The court said,  “This is a fit case where separate FIRs should have been registered by clubbing not more than three complaints in a particular year and not by clubbing all the complaints together in one FIR. There is an attempt on behalf of the investigating agency to dilute the allegations against the accused.”

Avdhesh Kumar Goel and Atul Gupta, directors of Earth Infrastructure Limited,  had sought bail arguing that charge sheets had already been filed against them, therefore no purpose would be served by keeping them in jail. The advocate who appeared for the victim investors, opposed the bail plea and said there were chances that the accused would abscond.

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