JUDGMENT:

1. The present application for regular bail under section 439 Cr.P.C. read with section 45 of the Prevention of Money Laundering Act, 2002 (hereinafter referred to as the 'PMLA' for short), has been filed in connection with ECIR No.AMZO/02/2018 for the offences punishable under sections 3 and 4 of the PMLA, registered with Directorate of Enforcement, Ahmedabad having PMLA Case No.4 of 2019 pending before Designated Court, Ahmedabad.

2. The applicant was arrested in the matter on 20.09.2019 and in the ground of arrest it was mentioned, that C.B.I. has registered different FIRs alleging violation of sections 114, 201, 406, 409, 418, 420 and 120B of the IPC read with section 13(2) of Prevention of Corruption Act, 1988 (hereinafter referred to as the 'P.C. Act' for short).

2.1 It is alleged that the applicant as one of the Directors of M/s Sai Infosystem (India) Ltd., M/s Atrium Infocomm Pvt. Ltd. and M/s. Click Telecom Pvt. Ltd., during the period between 2009-2014 has cheated the consortium of Banks laid by SBI to the tune of Rs.867.43 Crores. On the basi