New Delhi Aug 16(ILNS): The Delhi High Court today issued notice to the Enforcement Directorate (ED) in connection with the two petitions filed on behalf of Avantha Group of companies promoter Gautam Thapar who was arrested on Tuesday for charges of playing a key role in laundering more than Rs 500 crore in a Yes Bank NSE -1.68 % loan fraud case.
Justice Yogesh Khanna after hearing the arguments from the lawyer Mr Vijay Aggarwal, appearing for Thapar, issued notice to the ED and granted them a week’s time to file their reply. The court posted the matter to Aug 27, 2021.
Mr Vijay Aggarwal contend that Mr. Thapar’s arrest was illegal, as he was not produced before the Court within the mandated 24 hours and requested the court to supply them a copy of the Enforcement Case Information Report (ECIR) and the grounds of his arrest, and the checklist prepared by the ED before the arrest.
Thapar was represented by a battery of lawyers comprising Mr. Vijay Aggarwal, a team of lawyers headed by Senior Partner Mr. Sandeep Kapur from the law firm Karanjawala & Co.
The Enforcement Directorate (ED) arrested Thapar, 60, who was remanded to one-day custodial interrogation by a local court on Wednesday. He was arrested the previous night following raids by the agency against his businesses in Delhi and Mumbai. ILNS/SNG