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2020 Supreme(Del) 1358

SURESH KUMAR KAIT
Aditya Kumar Bhandari – Appellant
Versus
Serious Fraud Investigation Office – Respondent


Advocates Appeared:
Rakesh Kr Khanna, Advocate, Vikas Pahwa, Advocate, Harsh Sethi, Advocate, Aanchal Basur, Advocate, Sarvapriya Makkar, Advocate, Maninder Acharya, Advocate, Jasmeet Singh, Advocate, Srivats Kaushal, Advocate, Viplav Acharya, Advocate, Arun Prasad, Advocate

JUDGMENT

Suresh Kumar Kait, J. - The present petition is filed seeking the indulgence of this Court for enlargement of the petitioner on bail in Reg. No.CC/149/2020.

2. The case of petitioner is that RHL was established on 04.08.2004. The eldest brother of Srivastava Family namely, Late Rajesh Srivastava was the ''Founder Chairman and Managing Director'' of Rockland Hospitals Limited (hereinafter referred to as "RHL'') and was solely managing the day-to-day affairs of RHL till the date of his demise i.e. 25.01.2016 and thereafter the same were handled by his younger brother namely Prabhat Kumar Srivastava till 30.06.2016. The Rockland Group was managed by Late Rajesh Srivastava and his family. The petitioner was a close friend of Srivastavas and was given employment by Late Rajesh Srivastava on this account. After 30.06.2016, RHL was taken over by VPS Healthcare Pvt. Ltd. and on the wishes and directions of Late Mr. Rajesh Srivastava, the Applicant, was designated on paper as a Director of RHL and some other group companies. But since this was primarily an honorary position given to the petitioner, on account of his continued years of service he was never involved in the day-to-day

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