2023 (9) TMI 1469

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....TICE PANKAJ MITHAL For the Petitioner : Mr. Siddhartha Dave, Sr. Adv.  Mr. Saraswata Mohapatra, Adv.  Mr. Hans Honey Khari, Adv.  Mr. Anil Sharma, Adv.  Mr. Prastut Dalvi, Adv.  Mr. Rhishabh Jetley, AOR For the Respondent : Mr. S.V. Raju, A.S.G.  Mr. Mukesh Kumar Maroria, AOR  Mr. Zoheb Hussain, Adv.  Mr. Annam Venkatesh, Adv.  Ms. Sairica Raju, A....

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....infuse about Rs.8 crores in the form of share capital in the name of Girdhar Singh Sodha's relatives/associates in the Sterling Urban Cooperative Bank Limited. At the relevant time, the appellant was the Vice Chairman of the said bank. The allegation is that the shares were issued in the names of the close relatives/associates of the said main accused without the shareholders themselves signin....

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.... the proceeds of the crime in the share capital of a bank of which he was the Vice Chairman; (c) Though it is alleged that close associates/relatives of the main accused were made members and they were not entitled to become members, it is not the case of the prosecution that the share holders are fictitious persons; and (d) The appellant has undergone incarceration for a period ....