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Court denies bail to 3 heads of reality firm

Post 6 of 25

Three directors of real estate group Earth Infrastructure Ltd, accused in three cases of duping over 8,500 buyers by not giving possession of their properties, have been denied bail by a Delhi court.
Additional Sessions Judge Chandra Shekhar dismissed the anticipatory bail applications of two directors — Vikas Gupta and Atul Gupta — and the regular bail plea of another director, Rajneesh Mittal, who is in custody for over three months.
The court rejected their submissions that they have given a proposal for settlement to some of the investors and the matter be referred to the mediation cell.
The court observed that they have made a proposal only to get some relief as they have been summoned by a trial court in three separate FIRs.
It observed that if a compromise has to be struck, it has to be done between all the aggrieved investors. “It seems the two accused want to get anticipatory bail by merely supplying the proposal of settlement to some of the investors or some of their associations, though the investors are stated to be numbered about 8,500,” it said.

Reference Source: http://paper.hindustantimes.com/epaper/pageview.aspx?issue=10872017062700000000001001&page=8&articleid=1538891561&previewmode=2

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