The Bombay High Court granted bail to DHFL promoters Dheeraj and Kapil Wadhwan in connection with the 2020 Yes Bank money laundering case, citing their long incarceration and the unlikelihood of the trial starting soon.
A single bench of Justice Milind Jadhav on Wednesday granted bail to the brothers on a bond of Rs 1 lakh each.
The bench said the Dewan Housing Finance Limited (DHFL) promoters have been in custody for four years and nine months and there was no possibility of the trial commencing in the near future.
Detaining an undertrial prisoner for such an extended period further violates his fundamental right to speedy trial flowing from Article 21 of the Constitution, HC said.
In my opinion, further incarceration of the applicants (Wadhwans) is not required and they are entitled to bail without entering into the merits of the case at this stage, the court said.
Considering the present status of the trial and the unlikelihood of it being concluded in the foreseeable future ..