New Delhi (ILNS): The Bombay High Court today denied bail to Kapil and Dheeraj Wadhawan, promoters of Dewan Housing Finance Limited (DHFL), accused in the Yes Bank money laundering case.
Justice SV Kotwal had reserved his judgment on October 23. He had heard the bail applications for three days.
In September the Supreme Court had stayed a Bombay High Court order granting bail to former DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan in the Enforcement Directorate’s Yes Bank scam case.
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Senior Advocate Amit Desai represented Kapil Wadhawan and submitted before the High Court that CBI had not complied with the procedure under Section 173 CrPC while submitting the report of the investigation to the Special Magistrate.
-India Legal Bureau