Vikram Kumar Seth vs Directorate Of Enforcement, Jalandhar

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2022 Supreme(P&H) 514

HARNARESH SINGH GILL
Vikram Kumar Seth – Appellant
Versus
Directorate Of Enforcement, Jalandhar – Respondent

Advocates Appeared:
Mr. Sardavinder Goyal, Mr. Nitin Kant Setia, Mr. Sarwinder Goyal and Mr. Raj Kumar Selwan, Advocates,, for the Appellant; Mr. Satya Pal Jain, Additional Solicitor General with Mr. Sanjay Vashisth, Senior Panel Counsel for the respondent-ED, for the Respondent

JUDGMENT

Harnaresh Singh Gill, J. - Through this petition, the petitioner seeks regular bail in case bearing ECIR No.JLZO/ECIR/03/2017 dated 07.11.2017, registered under Section 3 punishable under Section 4 of Prevention of Money Laundering Act 2002 (for brevity, 'PML Act').

2. Brief facts of the case, as noticed by the learned Judge, Special Court, PMLA, Jalandhar, while dismissing the bail application of the petitioner, are as under:

'3. The facts necessary for the disposal of the present bail application are that CBI, ACB, Chandigarh registered FIR No. RCCHG2015A0002 dated 15.01.2015, under Sections 120-B, 420, 467, 468, 471 IPC and Sections 13(1)(d) read with Section 13(2) of the Prevention of Corruption Act, against applicant-accused Vikram Kumar Seth and others, on the allegations that on the basis of forged and fabricated documents, they obtained loan from the banks. FIR No. 86 dated 30.07.2013 and FIR No. 61 dated 13.05.2013, under Sections 420,467,468,471,120-B IPC have also been registered against Vikram Seth and others, at Police Station Phagwara. Since. The offences under Sections 120-B,420,467,471 IPC and Section 13 of Prevention of Corruption Act are scheduled offences,