JET AIRWAYS NARESH GOYAL SEEKS EXTENSION OF INTERIM BAIL IN MONEY LAUNDERING CASE

by | Jun 26, 2024

Introduction

Jet Airways founder Naresh Goyal has requested an extension of his interim bail on medical grounds after it was initially granted on May 6, 2023. His interim bail is set to end on July 6, 2023, prompting the plea before the Bombay High Court.

Background

Goyal was arrested in September 2023 by the Enforcement Directorate for allegedly laundering money and siphoning off loans worth Rs 538.62 crores from Canara Bank. He sought bail in May on humanitarian grounds due to his wife’s terminal cancer, who passed away shortly after bail was granted. Goyal himself is also suffering from cancer and needs medical treatment.

Key Points

  • Naresh Goyal’s interim bail expires on July 6, 2023.
  • Goyal’s legal team, Aabad Ponda and Ameet Naik, are seeking an extension.
  • The bench of Justice Manish Pitale referred to a high court circular regarding fresh pleas.
  • Justice NJ Jamadar, who initially heard Goyal’s plea, no longer has the assignment.
  • Goyal’s plea is to be moved before Justice Jamadar’s bench again.

Legal Provisions

Legal Provision Details
Prevention of Money Laundering Act, 2002 (PMLA) Naresh Goyal is accused under PMLA for money laundering and siphoning off funds.
Section 45 Offences to be cognizable and non-bailable.
Section 50 Powers of authorities regarding summons, production of documents, etc.
Section 3 Offence of money laundering defined.

Impact

  • The court’s decision will determine Goyal’s immediate future regarding his bail status and medical treatment.
  • The case highlights the complexities of judicial procedures and assignment changes within the high court.

Conclusion

Naresh Goyal’s interim bail extension plea underscores his ongoing health issues and the procedural nuances in handling such high-profile cases within the judicial system. The court’s decision will be pivotal for Goyal’s treatment and legal standing.

 

SOURCE –  INDIA TODAY

READ MORE DELHI HIGH COURT VERDICT ON ED’S PLEA CHALLENGING ARVIND KEJRIWAL’S BAIL

Written By Nancy Sharma

I am Nancy Mahavir Sharma, a passionate legal writer and , a judicial service aspirant who is interested in legal researching and writing. I have completed Latin Legum Magister degree. I have been writing from past few years and I am excited to share my legal thoughts and opinions here. I believe that everyone has the potential to make a difference.

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