TaxTMI 
TaxTMI 
2019 (5) TMI 2009
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....spondent no.1 at the instance of respondent no.2 (CBI). 2. The petitioner was a Chairman & Managing Director of the Punjab National Bank Ltd. from the year 2007-2009. He served as a Deputy Governor of the Reserve Bank of India from June 2009 to April 2014. 3. It is averred in the counter affidavit that there are two criminal cases where the petitioner may have been involved. The first is RCBD 1/2016/E/0009 and the second is RCBD 1/2016/E/0008. It is stated that the involvement of the petitioner is being investigated. Although there is no charge sheet filed against the petitioner, it is contended on behalf of the respondents that the petitioner may be culpably involved in the said cases and he is likely to abscond from this country. 4. It....
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....y being restrained from leaving this country, the petitioner had filed an application before learned Special Judge, Saket Court seeking permission to travel overseas. The said application was denied by an order dated 05.09.2018. 10. A perusal of the said order indicates that the Court had declined the petitioner's request on the submission of the IO that the petitioner was a suspect and was required for further interaction. The IO had stated that the petitioner's presence was required as he was to be confronted with the records as well as two other accused persons, namely, Sh. T.K. Bose and Sh. Gaurav Mehra. The IO had also submitted that the petitioner was also suspect in another case, that is, CBI v. M/s Kingfisher Airlines Ltd. 11. Adm....
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....019 and he requires to renew the same. He further states that the petitioner would undertake to return back to this country within a period of five weeks from his departure and appear before the concerned investigating agency as and when called upon to do so. 15. In view of the above, the petitioner is permitted to travel overseas for a period of five weeks, subject to meeting the following conditions: (a) That the petitioner shall deposit a Fixed Deposit Receipt (FDR) in the sum of Rs.1 crore with the Registrar General of this Court as a security for his commitment to return to India within five weeks of his departure. (b) The petitioner shall also give an undertaking by way of an affidavit to return back to this country, within a per....