Despite Chander Prakash Wadhwa’s medical condition, the Supreme Court denied him bail on Wednesday and directed the trial court to file any charges against him.
A three-judge panel that had previously ordered the formation of a medical board to investigate Wadhwa’s case stated that “According to the report, it is public knowledge. As a result, we can deduce that, in addition to the CMS, the Board of Trustees included department heads from orthopedic surgery, neurology, and cardiology. The board issued a report after conducting an investigation into the petitioner. According to the medical report, the petitioner’s medical condition appears to be stable “….
The court noted that Mr Wadhwa’s bail application had been argued on merit by senior advocate Aman Lekhi.
Noting that the ED had filed complaints in three different cases, the bench concluded, ‘It appears that the petitioner is the only natural person arrayed as an accused in all three complaints, apart from corporate entities in the third complaint.’
According to the records, he has already served one year and four months in prison.
The instructions were extremely detailed. “Charges, if any, will be filed for all three ED complaints as soon as possible. The accused will appear before the appropriate court on April 5, 2022, to allow for the framing of charges. The situation will be thoroughly investigated. If the petitioner is charged, he or she may file a bail application.” I’m at a loss for words…
If a charge is brought, it will be based solely on merit, according to the bench.
“If any occasion arises for the petitioner to prefer an application for bail in terms of directions, it shall also be considered on its own merits,” the Allahabad High Court ruled.
Waghawat was ordered by the Supreme Court to appear before the King George’s Medical University Medical Board in Lucknow on March 14 after failing to do so within seven days.
The medical board would evaluate Wadhwa’s medical condition and the recommended course of treatment before issuing appropriate certification.
The Supreme Court requested the medical report three days after the examination. The Supreme Court has been monitoring the real estate company in question due to numerous complaints from homebuyers alleging fraud and non-delivery.
Former group directors Amrapali Anil Kumar Sharma, Shiv Priya, and Ajay Kumar are being held in custody in accordance with a Supreme Court order.
In addition to Mr. Wadhwa, the Amrapali group’s statutory auditor, Anil Mittal, was detained in connection with this investigation.
The arrested individuals are accused of forming a large number of fictitious corporations in order to defraud homebuyers by appointing people they know as directors or managers in those corporations.
To punish errant builders for betraying homebuyers’ trust, the Supreme Court issued a harsh ruling on July 23, 2019, cancelling the Amrapali Group’s registration under real estate law RERA and forcing it to vacate its leases on prime properties in the NCR.
The Supreme Court’s decision, which directs the Enforcement Directorate to investigate allegations of money laundering by realtors, has brought relief to more than 42,000 Amrapali Group home buyers.