Case Number: CR Cases/1/2019
Parties: Directorate Of Enforcement versus M/S Jindal Steel And Power Ltd And Ors
Order Number: 222
Filing Date: Fri, 13 Jul 2018
Order Date: Mon, 16 Dec 2024
Order Description: COPY OF ORDER
Status: Arguments on Charge
Stage: Arguments on Charge
CNR No. DLCT11-000452-2019
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
Present: Ld. Special PPs Sh. Rajesh Batra, Sh. N.K. Matta with Ld.
Advocates Ms. Sonia Kukreja, Sh. Ansh Singh Luthra, Sh. Prabhas Bajaj (all through VC) and Ms. Jyoti Khattar for DoE.
Sh. Vivek Mittal (through VC), AR of A-1 M/s Jindal Steel & Power Ltd. with Ld. Counsel Ms. Shrishti Prabhakar.
Sh. Ravindra Kumar Manchal (through VC), AR of A-2 company M/s Gagan Sponge Iron Pvt. Ltd with Ld. Counsel Vignaraj Pasayat.
Sh. Ajaib Singh, AR of A-3 M/s Jindal Reality Pvt. Ltd. with Ld. Counsel Sh. Prashant Mehta (both through VC).
Sh. Chandan Singh Sountiyal, AR of A-4 M/s New Delhi Exim Pvt. Ltd. with Ld. Counsels Sh. Himanshu Anand Gupta (through VC) and Sh. Sidharth Barua.
None for A-5 M/s Sowbhagya Media Ltd.
A-15 B.S.N. Suryanarayan (also AR of A-6 M/s Nihar Stocks Limited) (through VC) with Ld. Counsel Sh. Bhupender Kumar.
A-7 Sh. Naveen Jindal (through VC) with Ld. Counsels Sh. Gurpreet Singh Parwanda and Sh. Rajeev Goyal.
[Proceedings against A-8 K. Ramakrishna Prasad stands abated vide order dated 15.03.2021].
A-9 Sushil Kumar Maroo (through VC) with Ld. Counsel Sh. Shishir Mathur.
A-10 Rajeev Jain (through VC) with Ld. Counsel Sh. Somesh Arora.
A-11 Anand Goel (through VC).
A-12 Rajeev Aggarwal (through VC) with Ld. Proxy Counsel Sh. Yatharth Gupta.
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A-13 Siddharth Madra (through VC) with Ld. Counsel Sh. Mathew M. Philip.
A-14 Gyan Swaroop Garg with Ld. Counsels Sh. Hemant Shah (both through VC) and Sh. Akshay Rana.
A-16 Arjun Saraswat with Ld. Counsel Sh. Harshit Sethi.
Sh. Narendra Nath Mohanta, AR for A-17 M/s Malaysia Securities Pvt Ltd., A-19 M/s Swedish Portfolio Pvt Ltd, A-24 M/s Zurich Securities Pvt Ltd and A-25 M/s Janus Value Folio Pvt Ltd (merged with Sarda Mines Pvt Ltd vide order issued by Hon'ble Regional Director Kolkata with appointed dated being 01.04.2020).
Sh. Mukesh Singh, AR for A-18 M/s Maxrich Global Stocks Pvt Ltd (now known as M/s Jai Raghunandan Trading Pvt Ltd).
Sh. Dinesh Kumar, AR for A-20 M/s Freedom Buildwell Pvt Ltd (now known as M/s Lombard Portfolio Pvt. Ltd), A-21 M/s Campus Builcon Pvt Ltd (now known as M/s Templeton Stockgrowth Pvt. Ltd), A-22 M/s Olympus Global Stocks Pvt. Ltd and A-23 M/s M/s Blackrock Securities Private Limited.
None for A-26 M/s Mumbai Buildwell Private Limited (names struck off in the records of RoC, deleted as an accused vide orders dated 23.11.2024).
Mr. Gyan Swaroop Garg, AR of A-27 M/s Natma Securities Ltd. (through VC) along with Ld. Counsel Sh. Ritik Vashisht.
Board Resolution authorizing Sh. Gyan Swaroop Garg as AR of A-27 company i.e. M/s Natma Securities Ltd. is filed by Ld. Counsel Sh. Ritik Vashisht. Same is taken on record with directions to the AR Sh. Gyan Swaroop Garg to appear on each and every date of hearing for representing the said company.
Ld. Counsels Sh. Harshit Sethi, Ms. Mansi Tripathi and Sh. Kartik Yadav have filed vakalatnamas on behalf of A-17 to A-25.
Sh. Ritik Vashisht, Ld. Counsel has also filed Memo of Appearance on behalf of A-27.
Ld. Counsel Sh. Ritik Vashisht is directed to file vakalatnama on
behalf of A-27 on the next date of hearing.
Soft copy of the supplementary complaint and supporting documents have been provided by DoE to Ld. Counsels for all the accused persons except A-2 M/s Gagan Sponge Iron Pvt. Ltd. and A-4 M/s New Delhi Exim Pvt. Ltd.
Sh. Rajesh Batra, Ld. Special PP for DoE submitted that he will provide soft copy as well as the hard copy of the supplementary complaint and supporting documents to A-2 and A-4 also during the course of the day.
As directed on the last date of hearing, the Ld. Counsels for the accused have not filed on record a copy of order of Amalgamation in respect of accused companies. Let the same be filed before the next date of hearing with advance copy to the Ld. SPP for DoE.
Soft copy of the list of unrelied documents have already been supplied to all the Ld. Defence Counsels.
Sh. Rajesh Batra, Ld. Special PP for DoE submitted that he will make available the unrelied documents in the court itself for inspection by the Ld. Counsels for all the accused persons.
As requested, Ld. Counsels for all the accused persons shall inspect the unrelied documents on 15.01.2025 and 16.01.2025 as on these two dates, the unrelied documents shall be brought to the court by the IO of the case for their inspection.
List on 25.01.2025 for arguments on charge.
(Arun Bhardwaj)
Special Judge, (PC Act) (CBI), Coal Block Cases-01, RADC New Delhi/16.12.2024
ED Vs. M/s Jindal Steel & Power Ltd & Ors.
16.12.2024.
Present: Ld. Special PPs Sh. Rajesh Batra, Sh. N.K. Matta with Ld.
Advocates Ms. Sonia Kukreja, Sh. Ansh Singh Luthra, Sh. Prabhas
Bajaj (all through VC) and Ms. Jyoti Khattar for DoE.
Sh. Vivek Mittal (through VC), AR of A-1 M/s Jindal Steel &
Power Ltd. with Ld. Counsel Ms. Shrishti Prabhakar.
Sh. Ravindra Kumar Manchal (through VC), AR of A-2 company
M/s Gagan Sponge Iron Pvt. Ltd with Ld. Counsel Vignaraj
Pasayat.
Sh. Ajaib Singh, AR of A-3 M/s Jindal Reality Pvt. Ltd. with Ld.
Counsel Sh. Prashant Mehta (both through VC).
Sh. Chandan Singh Sountiyal, AR of A-4 M/s New Delhi Exim Pvt.
Ltd. with Ld. Counsels Sh. Himanshu Anand Gupta (through VC)
and Sh. Sidharth Barua.
A-15 B.S.N. Suryanarayan (also AR of A-6 M/s Nihar Stocks
Limited) (through VC) with Ld. Counsel Sh. Bhupender Kumar.
A-7 Sh. Naveen Jindal (through VC) with Ld. Counsels Sh.
Gurpreet Singh Parwanda and Sh. Rajeev Goyal.
[Proceedings against A-8 K. Ramakrishna Prasad stands abated vide order
dated 15.03.2021].
A-9 Sushil Kumar Maroo (through VC) with Ld. Counsel Sh.
Shishir Mathur.
A-10 Rajeev Jain (through VC) with Ld. Counsel Sh. Somesh
Arora.
A-12 Rajeev Aggarwal (through VC) with Ld. Proxy Counsel Sh.
Yatharth Gupta.
Page 1 of 3
A-13 Siddharth Madra (through VC) with Ld. Counsel Sh. Mathew
A-14 Gyan Swaroop Garg with Ld. Counsels Sh. Hemant Shah
(both through VC) and Sh. Akshay Rana.
Sh. Narendra Nath Mohanta, AR for A-17 M/s Malaysia Securities
Pvt Ltd., A-19 M/s Swedish Portfolio Pvt Ltd, A-24 M/s Zurich
Securities Pvt Ltd and A-25 M/s Janus Value Folio Pvt Ltd (merged
with Sarda Mines Pvt Ltd vide order issued by Hon’ble Regional
Director Kolkata with appointed dated being 01.04.2020).
Sh. Mukesh Singh, AR for A-18 M/s Maxrich Global Stocks Pvt
Ltd (now known as M/s Jai Raghunandan Trading Pvt Ltd).
Sh. Dinesh Kumar, AR for A-20 M/s Freedom Buildwell Pvt Ltd
(now known as M/s Lombard Portfolio Pvt. Ltd), A-21 M/s
Campus Builcon Pvt Ltd (now known as M/s Templeton
Stockgrowth Pvt. Ltd), A-22 M/s Olympus Global Stocks Pvt. Ltd
and A-23 M/s M/s Blackrock Securities Private Limited.
None for A-26 M/s Mumbai Buildwell Private Limited (names
struck off in the records of RoC, deleted as an accused vide orders
dated 23.11.2024).
Mr. Gyan Swaroop Garg, AR of A-27 M/s Natma Securities Ltd.
(through VC) along with Ld. Counsel Sh. Ritik Vashisht.
Board Resolution authorizing Sh. Gyan Swaroop Garg as AR of
A-27 company i.e. M/s Natma Securities Ltd. is filed by Ld. Counsel Sh. Ritik
Vashisht. Same is taken on record with directions to the AR Sh. Gyan Swaroop
Garg to appear on each and every date of hearing for representing the said
company.
Ld. Counsels Sh. Harshit Sethi, Ms. Mansi Tripathi and Sh. Kartik
Yadav have filed vakalatnamas on behalf of A-17 to A-25.
Sh. Ritik Vashisht, Ld. Counsel has also filed Memo of Appearance
on behalf of A-27.
Page 2 of 3
Soft copy of the supplementary complaint and supporting
documents have been provided by DoE to Ld. Counsels for all the accused
persons except A-2 M/s Gagan Sponge Iron Pvt. Ltd. and A-4 M/s New Delhi
Exim Pvt. Ltd.
Sh. Rajesh Batra, Ld. Special PP for DoE submitted that he will
provide soft copy as well as the hard copy of the supplementary complaint and
supporting documents to A-2 and A-4 also during the course of the day.
As directed on the last date of hearing, the Ld. Counsels for the
accused have not filed on record a copy of order of Amalgamation in respect of
accused companies. Let the same be filed before the next date of hearing with
advance copy to the Ld. SPP for DoE.
Soft copy of the list of unrelied documents have already been
supplied to all the Ld. Defence Counsels.
Sh. Rajesh Batra, Ld. Special PP for DoE submitted that he will
make available the unrelied documents in the court itself for inspection by the
Ld. Counsels for all the accused persons.
As requested, Ld. Counsels for all the accused persons shall inspect
the unrelied documents on 15.01.2025 and 16.01.2025 as on these two dates, the
unrelied documents shall be brought to the court by the IO of the case for their
inspection.
Special Judge, (PC Act) (CBI),
Coal Block Cases-01, RADC
New Delhi/16.12.2024
Page 3 of 3