Directorate Of Enforcement versus M/S Jindal Steel And Power Ltd And Ors | Order Dated Sat, 09 Oct 2021

Directorate Of Enforcement versus M/S Jindal Steel And Power Ltd And Ors - Order No: 12

Case and Order Information

Case Number: CR Cases/1/2019

Parties: Directorate Of Enforcement versus M/S Jindal Steel And Power Ltd And Ors

Order Number: 12

Filing Date: Fri, 13 Jul 2018

Order Date: Sat, 09 Oct 2021

Order Description: COPY OF ORDER

Status: Arguments on Charge

Stage: Arguments on Charge

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Order Content

CRC No. 01/2019 (Old CRC No. 08/18) ECIR No. 12/DLZO/2014 Branch: Delhi Zonal Office, Zone-II. ED Vs. M/s Jindal Steel & Power Ltd & Ors. Offence u/s 3 and punishable u/s 4 PMLA, 2002

Vide office order No. Power Gaz/RACC/2021/22636-22721-C dated 01.10.2021 of Ld. Principal District & Sessions Judge-cum-Special Judge (PC Act), CBI, Rouse Avenue Court Complex, New Delhi, the undersigned is directed to hold physical court today.

The hearing of the present matter is being taken up in hybrid form i.e. physically as well as via Cisco WebEx Platform (on the request of Ld. Prosecutor/Counsels) in the presence of:

Files taken up today in view of Notification No. 287/I-G-4/Genl.I/DHC dated 16.08.2021, as 20.08.2021 (date already fixed) was declared as a holiday on account of Muharram.

09.10.2021.

Proceedings

Present:

Ld. Senior Advocate Sh. Maninder Singh with Ld. Counsel Sh. Rajesh Batra, Ld. Special PP Sh. N.K. Matta along with Ld. Advocates Sh. Ansh Singh Luthra, Sh. Prabhas Bajaj and Ms. Sonia Kukreja for ED along with IO Sh. Arun Kumar (through VC).

Sh. Vivek Mittal AR of A-1 M/s Jindal Steel and Power Ltd., with Ld.

Counsel Ms. Srishti Prabhakar for A-1 .

Sh. Ravinder Kumar Manchal, AR of A-2 M/s Gagan Sponge Iron Pvt Ltd.

Sh. Madhusudan Rao Manikonda, AR of A-3 M/s Sowbhagya Media Ltd (through VC) with Ld. Proxy Counsel Ms. Filza Moonis for A-3.

Sh. Chandan Singh Sountiyal, AR of A-4 M/s New Delhi Exim Pvt Ltd., with Ld. Counsel Sh. Himanshu Anand Gupta for A-4.

Ld. Counsel Sh. Prashant Mehta (through VC) for A-5 M/s Jindal Reality Pvt. Ltd.

A-15 Sh. B.S.N. Suryanarayan (also AR of A-6 M/s Nihar Stocks

Limited) with Ld. Counsel Sh. Bharat B. Joshi for A-6 and A-15 .

A-7 Sh. Naveen Jindal with Ld. Senior Advocate Sh. P.K. Dubey along with Ld. Counsels Sh. Rajeev Goyal (through VC) and Sh. Gurpreet S. Parwanda for A-7 Naveen Jindal.

A-9 Sh. Sushil Kumar Maroo (through VC) with Ld. Counsel Sh. Shishir Mathur (through VC).

A-10 Sh. Rajeev Jain with Ld. Counsel Sh. Somesh Arora (through VC).

A-11 Sh. Anand Goel.

A-12 Sh. Rajeev Aggarwal (through VC) with Ld. Counsels Sh.

Anshuman Nandi and Ms. Ana Upadhyay.

A-13 Sh. Siddharth Madra.

A-14 Sh. Gyan Swaroop Garg (through VC) with Ld. Counsel Sh. Hemant Shah.

[ Proceedings against A-8 K. Ramakrishna Prasad stands abated vide order dated 15.03.2021 ].

Fresh vakalatnama filed on behalf of A-12 Sh. Rajeev Agarwal. Same be taken on record.

I. APPLICATION DATED 08.10.2021 OF IO AD SH. ARUN KUMAR SEEKING TIME FOR FINALIZING FURTHER INVESTIGATION.

Seven weeks more time has been sought by Ld. Counsel Sh. Rajesh Batra for completion of remaining further investigation in the present matter.

Heard. Considered.

Accordingly, matter be now put up on 29.11.2021 for awaiting progress report of further investigation .

II. APPLICATION SEEKING DISCHARGE FROM BEING AUTHORISED REPRESENTATIVE OF THE APPLICANT/ACCUSED NO. 5 i.e. M/S SOWBHAGYA MEDIA LTD .

It has been submitted by Ld. Counsel Ms. Filza Moonis that service of notice to the Director M/s Sowbhagya Meida Ltd, has been served on Sh. Madhusudan Rao Manikonda by IO. She further submitted that same should not

have been served upon him as he has filed the present application under consideration.

Issue Court notice for the next date to the present directors of the company i.e. A-3 M/s Sowbhagya Media Ltd through IO AD Sh. Arun Kumar.

III. APPLICATION DATED 02.08.2021 ON BEHALF OF THE APPLICANT SH. NAVEEN JINDAL FOR KEEPING IN ABEYANCE ORDER DATED 12.10.2020 AND RESTORING THE OPERATION OF ORDER DATED 13.03.2019.

At request of Ld. Senior Advocate Sh. P.K. Dubey, present application be kept for consideration on 09.11.2021 at 02.00 pm .

IV. APPLICATION DATED 08.10.2021 IN COMPLIANCE OF HON'BLE COURT'S ORDER DATED 22.09.2021 ABOUT RETURN OF MR. NAVEEN JINDAL TO INDIA.

Submissions heard.

In view of the submissions made, intimation of applicant/accused Sh. Naveen Jindal is taken on record.

Accordingly, application stands disposed off.

(Arun Bhardwaj) Special Judge, (PC Act) (CBI), Coal Block Cases-01, RADC New Delhi 09.10.2021.

CRC No. 01/2019 (Old CRC No. 08/18)

ECIR No. 12/DLZ0/2014

Branch: Delhi Zonal Office, Zone-ll.

ED Vs. M/s Jindal Steel & Power Ltd & Ors.

Offence u/s 3 and punishable u/s 4 PMLA, 2002

Vide office order No. Power Gaz/RACC/2021/22636-22721-C dated

01.10.2021 of Ld. Principal District & Sessions Judge-cum-Special Judge (PC

Act), CBI, Rouse Avenue Court Complex, New Delhi, the undersigned is

directed to hold physical court today.

The hearing of the present matter is being taken up in hybrid form

i.e. physically as well as via Cisco WebEx Platform (on the request of Ld.

Prosecutor/Counsels) in the presence of:

Files taken up today in view of Notification No. 287/I-G-4/Genl.-

IIDHC dated 16.08.2021, as 20.08.2021 (date already fixed) was declared as a

holiday on account of Muharram.

09.10.2021.

Present: Ld. Senior Advocate Sh. Maninder Singh with Ld. Counsel Sh. Rajesh

Batra, Ld. Special PP Sh. N.K. Matta along with Ld. Advocates Sh.

Ansh Singh Luthra, Sh. Prabhas Bajaj and Ms. Sonia Kukreja for ED

along with 1O Sh. Arun Kumar (through VC).

Counsel Ms. Srishti Prabhakar for A-1.

Sh. Ravinder Kumar Manchal, AR of A-2 M/s Gagan Sponge Iron Pvt

Ltd.

Sh. Madhusudan Rao Manikonda, AR of A-3 M/s Sowbhagya Media Ltd

(through VC) with Ld. Proxy Counsel Ms. Filza Moonis for A-3.

Sh. Chandan Singh Sountiyal, AR of A-4 M/s New Delhi Exim Pvt Ltd.,

with Ld. Counsel Sh. Himanshu Anand Gupta for A-4.

Ld. Counsel Sh. Prashant Mehta (through VC) for A-5 M/s Jindal

Reality Pvt. Ltd.

A-15 Sh. B.S.N. Suryanarayan (also AR of A-6 M/s Nihar Stocks

Page No. 1 of 3

Limited) with Ld. Counsel Sh. Bharat B. Joshi for A-6 and A-15.

A-7 Sh. Naveen Jindal with Ld. Senior Advocate Sh. P.K. Dubey

along with Ld. Counsels Sh. Rajeev Goyal (through VC) and Sh.

Gurpreet S. Parwanda for A-7 Naveen Jindal.

A-9 Sh. Sushil Kumar Maroo (through VC) with Ld. Counsel Sh.

Shishir Mathur (through VC).

A-10 Sh. Rajeev Jain with Ld. Counsel Sh. Somesh Arora (through

VC).

A-12 Sh. Rajeev Aggarwal (through VC) with Ld. Counsels Sh.

A-14 Sh. Gyan Swaroop Garg (through VC) with Ld. Counsel Sh.

Hemant Shah.

[Proceedings against A-8 K. Ramakrishna Prasad stands abated vide order dated

15.03.2021].

Fresh vakalatnama filed on behalf of A-12 Sh. Rajeev Agarwal. Same

be taken on record.

  1. APPLICATION DATED 08.10.2021 OF IO AD SH. ARUN KUMAR

SEEKING TIME FOR FINALIZING FURTHER INVESTIGATION.

Seven weeks more time has been sought by Ld. Counsel Sh. Rajesh

Batra for completion of remaining further investigation in the present matter.

Accordingly, matter be now put up on 29.11.2021 for awaiting

progress report of further investigation.

  1. APPLICATION SEEKING DISCHARGE FROM BEING AUTHORISED

REPRESENTATIVE OF THE APPLICANT/ACCUSED NO. 5 i.e. M/S SOWBHAGYA

MEDIA LTD.

It has been submitted by Ld. Counsel Ms. Filza Moonis that service of

notice to the Director M/s Sowbhagya Meida Ltd, has been served on Sh.

Madhusudan Rao Manikonda by IO. She further submitted that same should not

Page No. 2 of 3

have been served upon him as he has filed the present application under

consideration.

Issue Court notice for the next date to the present directors of the

company i.e. A-3 M/s Sowbhagya Media Ltd through IO AD Sh. Arun Kumar.

  1. APPLICATION DATED 02.08.2021 ON BEHALF OF THE APPLICANT

SH. NAVEEN JINDAL FOR KEEPING IN ABEYANCE ORDER DATED 12.10.2020

AND RESTORING THE OPERATION OF ORDER DATED 13.03.2019.

At request of Ld. Senior Advocate Sh. P.K. Dubey, present application

be kept for consideration on 09.11.2021 at 02.00 pm.

  1. APPLICATION DATED 08.10.2021 IN COMPLIANCE OF HON'BLE

COURT'S ORDER DATED 22.09.2021 ABOUT RETURN OF MR. NAVEEN JINDAL

TO INDIA.

In view of the submissions made, intimation of applicant/accused Sh.

Naveen Jindal is taken on record.

(Arun Bhardwaj)

Special Judge, (PC Act) (CBI),

Coal Block Cases-01, RADC

New Delhi

09.10.2021.

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Document information last updated: Sat, 06 Sep 2025, 06:19 AM IST