Delhi HC grants bail to former director of DHFL in bank loan fraud case, ET RealEstate
In a relief to the former director of Dewan Housing Finance Limited (DHFL), the Delhi High Court on Monday granted bail to Dheeraj Wadhawan in the multi-crore DHFL bank loan fraud case.
The court ruled in favor of Wadhawan based on his health condition, stating, “bail application is allowed as it falls within the category of sick person. Trial court order is set aside.” However, the court imposed certain conditions for the bail.
Previously, the Rouse Avenue Court had dismissed Wadhawan’s bail application in May on grounds of maintainability. Following this, Wadhawan had approached the Delhi High Court, seeking bail on medical grounds after undergoing spinal surgery. He has been recovering at home in Mumbai.
In May, Justice Jyoti Singh issued a notice to the Central Bureau of Investigation (CBI) in response to Wadhawan’s plea. The CBI was directed to file a reply, and Advocate Anupam Sharma accepted the notice on behalf of the CBI. Senior advocates N Hariharan and Amit Desai represented Wadhawan in court.
Earlier, the Special Judge A K Sarpal at the Rouse Avenue Court had dismissed Wadhawan’s bail request, deeming it premature. The court had also directed the CBI to arrest him after May 11 and present him before the CBI court, as per the Supreme Court’s January 24 directive.
