2026 (3) TMI 1376

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.... For the Petitioner(s): Mr. Maninder Singh, Sr. Adv., Mr. Malak Manish Bhatt, AOR, Ms. Neeha Nagpal, Adv., Ms. Somya Saxena, Adv., Ms. Chhavi Tokas, Adv., For the Respondent(s): Mr. Anil Kaushik, A.S.G., Mr. Zoheb Hussain, Adv., Mr. Annam Venkatesh, Adv., Mr. Madhav Sinhal, Adv., Mr. Arvind Kumar Sharma, AOR. ORDER 1. Leave granted. 2. Appellant was arrested on 21st July, 2025 by the....

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....ter failed to deliver flats / apartments. They also diverted the funds to other entities and, thus, cheated the homebuyers. In this connection, ECIR bearing no. ECIR/GNZO/14/2021 was registered by the ED on 9th August, 2021 for purported offences under the PMLA, 2002. 5. After three years of registration of the ECIR, the ED issued notice on 3rd May, 2024 under Section 50, PMLA, 2002 to the appe....

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....en note of the fact that prosecution complaint has already been filed by the ED and that the appellant (aged 65 years) has been in custody for over 8 months. We have also taken note of the fact that the appellant, prior to his arrest, physically appeared before the ED on five occasions. Presently, there seems to be no necessity to continue him in custody. What remains for consideration is the rest....

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....ide order dated 16.01.2025 (custody period - 6.5 months).]. 9. In view of the above, we are of the considered opinion that further detention of the appellant pending trial is not necessary. The appeal, thus, deserves acceptance and the appellant may be admitted to an order for grant of bail. 10. The impugned order to the extent it upholds the arrest of the appellant is not disturbed but stan....