Case Number: CR Cases/1/2019
Parties: Directorate Of Enforcement versus M/S Jindal Steel And Power Ltd And Ors
Order Number: 228
Filing Date: Fri, 13 Jul 2018
Order Date: Sat, 25 Jan 2025
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 and Sh. N.K. Matta along with Ld. Advocates Ms. Sonia Kukreja, Sh. Prabhas Bajaj, Sh. Ansh Singh Luthra, Sh. Ritvik Mathur and Sh. Manmeet Singh (all through VC) for DoE.
Ms. Sadhika Kochhar, Ld. Advocate 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) with Ld. Counsel Sh. Bhupender Kumar (both through VC).
A-7 Sh. Naveen Jindal is absent.
[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. Counsels Sh. Somesh
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A-11 Anand Goel in person.
A-12 Rajeev Aggarwal (through VC) with Ld. Proxy Counsel Sh. Yatharth Gupta.
A-13 Siddharth Madra with Ld. Counsel Sh. Mathew M. Philip. (both through VC).
A-14 Gyan Swaroop Garg (through VC) with Ld. Counsels Sh. Hemant Shah and Sh. Akshay Rana.
A-16 Arjun Saraswat (through VC).
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).
Exemption application seeking exemption from personal appearance is filed on behalf of A-7 Naveen Jindal by his Ld. Counsel. It is mentioned in the exemption that accused Naveen Jindal has meeting with his excellency the President of India and thus the applicant is unable to appear
before this Court today. A copy of the letter regarding meeting is annexed as Annexure-A-1.
The accused Naveen Jindal is exempted from his personal/VC appearance before this Court for today only.
On 23.11.2024, Ld. Special PP for DoE Sh. Rajesh Batra had submitted that the name of A-26 M/s Mumbai Buildwell Pvt Ltd. has been struck off from the records of RoC and is no more in existence, therefore, the name of this company be deleted from the names of accused in this case.
It is clarified that the name of A-26 M/s Mumbai Buildwell Pvt Ltd is deleted from the array of parties as an accused since 23.11.2024.
Sh. Somesh Arora, Ld. Counsel for A-10 Rajeev Jain submits that due to some personal reasons he could not inspect the unrelied documents in the court on 15.01.2025, 16.01.2025, 21.01.2025 and 22.01.2025. He requested that he be permitted to inspect the aforesaid unrelied documents either in the court or in the office of DoE.
Sh. Rajesh Batra, Ld. Special PP for DoE submitted that Ld. Counsel Sh. Somesh Arora can contact him and he will arrange for inspection of unrelied documents in the office of DoE.
Application disposed off accordingly.
Soft copy supplied to Ld. Advocate Sh. Ansh Singh Luthra for DoE.
It is mentioned in the aforesaid application that on 23.11.2024 one Mr. Ritik Vashisht has appeared and marked his appearance on behalf of A-27
M/s Natma Securities Limited and on 16.12.2024 again Mr. Ritik Vashisht, Ld. Counsel appeared and filed his memo of appearance, Board of Resolution on behalf of A-27 and but had not filed any Vakalatnama on behalf of A-27. It is further mentioned that A-27 through his Counsel has filed a Board Resolution authorizing Gyan Swaroop Garg as its AR, whereas Gyan Swaroop Garg has no role with this company.
It is also mentioned in the application that accused Gyan Swaroop Garg has no role or association with A-27 and he has never accepted any document or signed any document to represent the said company as its AR and even otherwise, he has never consented for such representation to A-27 or any of its directors and neither appointed any Counsel to appear.
It is accordingly prayed to issue directions to A-27 to file the Board Resolution and modify the order dated 16.12.2024 that the name of the applicant Gyan Swaroop Garg be not read as Authorized Representative of A-27 Natma Securities Limited.
Let a court notice be issued to Ld. Advocate Sh. Ritik Vashisht, who appeared for A-27 on previous dates.
Sh. Rajesh Batra, Ld. Special PP for DoE submitted that in compliance of order dated 16.12.2024, soft copy of the supplementary complaint and supporting documents have also been provided by DoE to Ld. Counsels for A-2 M/s Gagan Sponge Iron Pvt. Ltd and A-4 M/s New Delhi Exim Pvt. Ltd.
As directed on 23.11.2024, 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.
Today the case is fixed for arguments on charge on behalf of DoE,
however, it is submitted by Sh. Rajesh Batra, Ld. SPP for DoE that Sh. Maninder Singh, Ld. Senior Advocate/Special PP for DoE is not available today for addressing the Court and requested for an adjournment.
Request allowed.
List on 22.03.2025 for arguments on charge/appearance of Ld. Counsel for A-27/filing of copy of order of Amalgamation in respect of accused companies
(Arun Bhardwaj) Special Judge, (PC Act) (CBI), Coal Block Cases-01, RADC New Delhi/25.01.2025
ED Vs. M/s Jindal Steel & Power Ltd & Ors.
25.01.2025
Present: Ld. Special PPs Sh. Rajesh Batra and Sh. N.K. Matta along
with Ld. Advocates Ms. Sonia Kukreja, Sh. Prabhas Bajaj, Sh.
Ansh Singh Luthra, Sh. Ritvik Mathur and Sh. Manmeet
Singh (all through VC) 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) with Ld. Counsel Sh. Bhupender Kumar (both through
VC).
Ld. Counsels Sh. Gurpreet Singh Parwanda, Sh. Pallav Srivastava,
Sh. Anshul Misra and Ms. Koninica Bose.
[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. Counsels Sh. Somesh
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Arora and Sh. Vishal Gupta.
A-12 Rajeev Aggarwal (through VC) with Ld. Proxy Counsel Sh.
Yatharth Gupta.
A-13 Siddharth Madra with Ld. Counsel Sh. Mathew M. Philip.
(both through VC).
A-14 Gyan Swaroop Garg (through VC) with Ld. Counsels Sh.
Hemant Shah and Sh. Akshay Rana.
Sh. Narendra Nath Mohanta (through VC) 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.
Ld. Counsels Sh. Harshit Sethi (through VC) and Ms. Mansi
Tripathi for A-16 to A-25.
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).
Exemption application seeking exemption from personal
appearance is filed on behalf of A-7 Naveen Jindal by his Ld. Counsel. It is
mentioned in the exemption that accused Naveen Jindal has meeting with his
excellency the President of India and thus the applicant is unable to appear
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before this Court today. A copy of the letter regarding meeting is annexed as
Annexure-A-1.
The accused Naveen Jindal is exempted from his personal/VC
appearance before this Court for today only.
On 23.11.2024, Ld. Special PP for DoE Sh. Rajesh Batra had
submitted that the name of A-26 M/s Mumbai Buildwell Pvt Ltd. has been
struck off from the records of RoC and is no more in existence, therefore, the
name of this company be deleted from the names of accused in this case.
It is clarified that the name of A-26 M/s Mumbai Buildwell Pvt Ltd
is deleted from the array of parties as an accused since 23.11.2024.
APPLICATION DATED 25.01.2025 U/S 230 BNSS, 2023 ON BEHALF OF
ACCUSED NO. 10 SEEKING PERMISSION TO INSPECT DOCUMENTS
UNRELIED UPON DOCUMENTS FILED BY DOE.
Sh. Somesh Arora, Ld. Counsel for A-10 Rajeev Jain submits that
due to some personal reasons he could not inspect the unrelied documents in the
court on 15.01.2025, 16.01.2025, 21.01.2025 and 22.01.2025. He requested that
he be permitted to inspect the aforesaid unrelied documents either in the court or
in the office of DoE.
Sh. Rajesh Batra, Ld. Special PP for DoE submitted that Ld.
Counsel Sh. Somesh Arora can contact him and he will arrange for inspection of
unrelied documents in the office of DoE.
IA NO. 60/25: APPLICATION DATED 24.01.2025 IS RECEIVED FROM
BAIL AND FILING SECTION, ROUSE AVENUE COURT COMPLEX, NEW
DELHI, AS FILED ON BEHALF OF ACCUSED GYAN SWAROOOP GARG.
Soft copy supplied to Ld. Advocate Sh. Ansh Singh Luthra for
DoE.
It is mentioned in the aforesaid application that on 23.11.2024 one
Mr. Ritik Vashisht has appeared and marked his appearance on behalf of A-27
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M/s Natma Securities Limited and on 16.12.2024 again Mr. Ritik Vashisht, Ld.
Counsel appeared and filed his memo of appearance, Board of Resolution on
behalf of A-27 and but had not filed any Vakalatnama on behalf of A-27. It is
further mentioned that A-27 through his Counsel has filed a Board Resolution
authorizing Gyan Swaroop Garg as its AR, whereas Gyan Swaroop Garg has no
role with this company.
It is also mentioned in the application that accused Gyan Swaroop
Garg has no role or association with A-27 and he has never accepted any
document or signed any document to represent the said company as its AR and
even otherwise, he has never consented for such representation to A-27 or any
of its directors and neither appointed any Counsel to appear.
It is accordingly prayed to issue directions to A-27 to file the Board
Resolution and modify the order dated 16.12.2024 that the name of the
applicant Gyan Swaroop Garg be not read as Authorized Representative of A-27
Natma Securities Limited.
Let a court notice be issued to Ld. Advocate Sh. Ritik Vashisht,
who appeared for A-27 on previous dates.
Sh. Rajesh Batra, Ld. Special PP for DoE submitted that in
compliance of order dated 16.12.2024, soft copy of the supplementary
complaint and supporting documents have also been provided by DoE to Ld.
Counsels for A-2 M/s Gagan Sponge Iron Pvt. Ltd and A-4 M/s New Delhi
Exim Pvt. Ltd.
As directed on 23.11.2024, 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.
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however, it is submitted by Sh. Rajesh Batra, Ld. SPP for DoE that Sh.
Maninder Singh, Ld. Senior Advocate/Special PP for DoE is not available today
for addressing the Court and requested for an adjournment.
List on 22.03.2025 for arguments on charge/appearance of Ld.
Counsel for A-27/filing of copy of order of Amalgamation in respect of accused
companies
(Arun Bhardwaj)
Special Judge, (PC Act) (CBI),
Coal Block Cases-01, RADC
New Delhi/25.01.2025
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