The Supreme Court has stayed the bail granted by the Delhi High Court to former Fortis Healthcare promoter, Shivinder Mohan Singh in a money laundering case related to alleged misappropriation of funds at ReligareFinvest Ltd (RFL).
Last week a single-judge bench of the Delhi High Court, comprising Justice Anup Jairam Bhambhani, had granted bail to Shivinder Singh on a personal bond of Rs 1 crore and two sureties of Rs 25 lakh each. The Delhi High Court had rejected the directorate’s arguments over declining bail, stating no purpose will be served by keeping him in jail.
Despite the bail order of the high court, Singh could not be released from the jail, because he has another case registered by the Economic Offenses Wing. In this case, all the accused, including Shivinder were arrested by EOW on October 10, 2019.
A bench headed by Justice Arun Mishra sought a response from former Fortis Healthcare promoter Shivinder Mohan Singh on a plea filed by the Enforcement Directorate (ED) against the Delhi High Court’s order granting him bail in the ReligareFinvest money laundering case.
Further, the Supreme Court issued the notice to Mr. Singh and ordered a status quo on his release.
“Until further orders, status quo with respect to release from jail be maintained and impugned judgment not to be treated as a precedent for any other case,” the bench said.
The apex court has now posted the matter for further hearing next week.To Read the full text of the Order CLICK HERE