Ram Narain Poply VS Central Bureau of Investigation

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

M.B.SHAH, B.N.AGARWAL, ARIJIT PASAYAT
Ram Narain Poply – Appellant
Versus
Central Bureau of Investigation – Respondent

Counsel for the Parties :
For the Appearing Parties :Harish N. Salve, Solicitor General (N.P.), Ram Jethmalani, Rakesh Dwivedi, Sr. Advocate (NP), R.K. Jain, C.A. Sundram, Sr. Advocates, Ms. Rani Jethmalani, Advocate (NP), Ms. Gouri Karuna Das, Ms. Gitanjali Malviya Advocate (NP), Saurabha Avasthi, Advocate (NP), Parvez A. Siddiqui, Ms. Geetanjali Mohan, Harish Gulati, Mahesh Jethmalani, Advocate (NP), Ms. Kamini Jaiswal, Mrs. Shomila Bakshi, Ms. Bipakkhi Brothakur, Ms. Aishwarya Rao, Ajay Bhalla, P.K. Jain, Arun K. Sinha, R.S. Mhamane, A. Subba Rao, P. Parmeswaran, Advocate (NP), Tara Chandra Sharma, Ms. Aparajita Singh, Ms. Sushma Suri, Advocate (NP), Ms. Meenakshi Sakhardane, V. Madhukar, Advocate (NP), Ms. Gayatri Goswami, Advocate (NP), Sidharth Chaudhary, Advocate (NP), Amar Jyoti Sharma, Advocates.

Judgment

Shah, J. - The entire prosecution version is around the following five transactions entered into by Maruti Udyog Limited (hereinafter referred to as "MUL"), through United Commercial Bank (hereinafter referred to as 'UCO Bank') wherein Harshad S. Mehta A-5 is payee or recipient of the amount, which are mentioned hereunder:-

Trans. A-5 Dates Days Rate of Amount Interest Amount

No. From To % Rs. Rs. Repaid (Rs.)

01. Lent 24.01.91 25.02.91 32 12.75 4,99,45,000 5,58,250 05,03,250

to MUL

Remarks - MUL delivered 35 lacs Units of UTI to A5.

02. Borrowed 13.03.91 25.03.91 12 16.75 10,11,50,000 5,56,995 10,17,06,200

Remarks - UCO gave BR to MUL for 70 lacs Units.

03. Borrowed 18.03.91 22.03.91 5 21.00 10,83, 75,000 3,11,775 10,86,86,775

Remarks - UCO gave BR to MUL for 75 lacs Units.

04. Borrowed 24.04.91 26.04.91 2 26.25 7, 62,45,000 1,09,650 7,63,54,650

Remarks - UCO gave BR to MUL for 51 lacs Units.

05. Borrowed 02.05.91 07.05.91 5 25.00 10, 39,50,000 2,99,090 10,42,49,090

Remarks - Number of Units not known but only value stated in chargesheet.

Undisputedly, (a) the receipt and the paymen

Click Here to Read the rest of this document

M.B.SHAH, B.N.AGARWAL, ARIJIT PASAYATRam Narain Poply – AppellantVersusCentral Bureau of Investigation – Respondent

Cases Referred (12)

M.B.SHAH, B.N.AGARWAL, ARIJIT PASAYAT
Ram Narain Poply – Appellant
Versus
Central Bureau of Investigation – Respondent