Justice Bharati Dangre granted them bail because the Enforcement Directorate (ED) did not file its cost sheet in opposition to them within the case inside the stipulated 60-day interval.
The court docket directed the duo to deposit Rs one lakh every as surety and give up their passports.
The brothers, nevertheless, will stay in jail as they’ve additionally been booked by the Central Bureau of Investigation (CBI) in the identical case.
Sure Financial institution case: Bombay Excessive Court docket grants bail to businessmen Kapil Wadhawan & Dheeraj Wadhawan as Enforcement Direct… https://t.co/PVFjedFEWy
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They’d sought bail claiming the ED did not file its cost sheet inside the stipulated interval of 60 days.
The brothers have been arrested by the ED on Might 14 on cash laundering expenses.
The ED filed its cost sheet on July 15 in opposition to the Wadhawans, Sure Financial institution founder Rana Kapoor, his spouse Bindu Kapoor, daughters Roshni and Rekha, and their chartered accountant agency Dularesh Ok Jain and Affiliate.
The Enforcement Directorate had initiated proceedings within the case after the CBI registered an FIR on March 7, 2020 in reference to alleged suspicious loans granted by Sure Financial institution and the ‘quid professional quo’ between Rana Kapoor and the Wadhawans.