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2020 (6) TMI 64 - HC - Money LaunderingMoney Laundering - Release of petitioner on bail - loans to shell companies and related known entities - siphoning of funds - HELD THAT:- It is essential to observe that during the course the hearing of the present proceedings, it was suo moto by this Court brought to the notice of both the learned Senior counsel for the petitioner Mr. Mukul Rohatgi and learned Senior Standing Counsel for the State Mr. Rahul Mehra that in Writ Petition Civil Diary No.10829/2020 vide order dated 07.04.2020, the Hon’ble Supreme Court permitted the petitioner thereof who had challenged the criterion of the Hon’ble High Powered Committee of this Court dated 28.03.2020 putting an embargo to the release on interim bail/ parole of under trials in cases of alleged commission of economic offences and whereby vide order dated 07.04.2020, the Hon’ble Supreme Court in the said writ petition thus granted the prayer of the petitioner thereof to withdraw the writ petition with liberty to prefer a representation before the Hon’ble High Powered Committee of this Court. Though it is submitted on behalf of the petitioner that merely because another litigant had withdrawn the prayer made before the Hon’ble Supreme Court submitting in relation to the alleged arbitrariness of the criteria laid down by the Hon’ble High Powered Committee in relation to the economic offences, the same cannot apply qua the submissions made by the petitioner, nevertheless, it is essential to observe that in as much as there are allegations against the petitioner of the alleged commission of economic offences inter alia punishable under the PMLA Act, 2002 as also punishable under Section 409 of the Indian Penal Code, 1860. Application declined.
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