Directorate Of Enforcement versus M/S Jindal Steel And Power Ltd And Ors - Order No: 241

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

19.04.2025

Proceedings

Present:

Ld. Special PP Sh. Rajesh Batra along with Ld. Advocates Ms. Sonia Kukreja, Sh. Prabhas Bajaj and Sh. Ansh Singh Luthra (all through VC) and Ld. Special PP Sh. N.K. Matta along with Ld. Advocates Sh. Priyanshu Tyagi, Sh. Manmeet Singh and Ms. Jyoti Khattar for DoE.

Sh. Vivek Mittal (through VC) AR of A-1 M/s Jindal Steel & Power Ltd. with Ld. Counsel Sh. Ritik Gupta.

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. Counsels Sh. Prashant Mehta and Sh. Charanpreet Singh (all through VC).

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

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 is absent.

Ld. Counsels Sh. Rajeev Goyal, Sh. Gurpreet Singh Parwanda and Sh. Pallav Srivastava for A-7.

[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 Arora, Sh. Vishal Gupta and Sh. Gaganpreet Singh.

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A-11 Anand Goel (through VC).

A-12 Rajeev Aggarwal (through VC) with Ld. Counsel Ms. Ana Upadhyay.

A-13 Siddharth Madra (through VC).

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

A-16 Arjun Saraswat (through VC) with Ld. Counsel Ms. Mansi Tripathi.

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) with Ld. Counsel Ms. Mansi Tripathi.

Sh. Mukesh Singh, AR for A-18 M/s Maxrich Global Stocks Pvt Ltd (now known as M/s Jai Raghunandan Trading Pvt Ltd) with Ld. Counsel Ms. Mansi Tripathi.

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 with Ld. Counsel Ms. Mansi Tripathi.

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).

Ld. Counsel Sh. Ritik Vashisht for A-27 M/s Natma Securities Ltd.

Exemption application seeking exemption from personal appearance is filed on behalf of A-7 Naveen Jindal by his Ld. Counsel. For the reasons mentioned in the exemption application, same is allowed for today only.

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.

Today, Ld. Counsel Sh. Ritik Vashisht has filed reply dated 18.04.2025 on behalf of Accused No. 27 Natma Securities Pvt Ltd, in response to present application.

Soft copy supplied to Ld. Counsel Sh. Hemant Shah.

Vakalatnama be also filed by Sh. Ritik Vashisht, Ld. Counsel for A-27.

In view of orders passed in Writ Petition (Crl.) No. 120/2012 by the Hon'ble Supreme Court on 08.04.2025, Ld. Counsel Sh. Gurpreet Parwanda and other Ld. Defence Counsels requested for adjournment for addressing the arguments on charge on the next date.

Request not opposed by Ld. SPP for DoE.

In view of the orders of the Hon'ble Supreme Court referred above, list on 26.04.2025 and 03.05.2025 for arguments on charge by Ld. Counsels for the accused.

(Arun Bhardwaj)

Special Judge, (PC Act) (CBI), Coal Block Cases-01, RADC New Delhi/19.04.2025

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

19.04.2025

Present: Ld. Special PP Sh. Rajesh Batra along with Ld. Advocates Ms.

Sonia Kukreja, Sh. Prabhas Bajaj and Sh. Ansh Singh Luthra (all

through VC) and Ld. Special PP Sh. N.K. Matta along with Ld.

Advocates Sh. Priyanshu Tyagi, Sh. Manmeet Singh and Ms. Jyoti

Khattar for DoE.

Sh. Vivek Mittal (through VC) AR of A-1 M/s Jindal Steel &

Power Ltd. with Ld. Counsel Sh. Ritik Gupta.

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.

Counsels Sh. Prashant Mehta and Sh. Charanpreet Singh (all

through VC).

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

Ltd., with Ld. Counsel Sh. Himanshu Anand Gupta (both through

VC).

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

Limited) (through VC) with Ld. Counsel Sh. Bhupender Kumar.

Ld. Counsels Sh. Rajeev Goyal, Sh. Gurpreet Singh Parwanda and

Sh. Pallav Srivastava for A-7.

[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

Arora, Sh. Vishal Gupta and Sh. Gaganpreet Singh.

Page 1 of 3

A-12 Rajeev Aggarwal (through VC) with Ld. Counsel Ms. Ana

Upadhyay.

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

Hemant Shah.

A-16 Arjun Saraswat (through VC) with Ld. Counsel Ms. Mansi

Tripathi.

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) with Ld. Counsel Ms. Mansi Tripathi.

Sh. Mukesh Singh, AR for A-18 M/s Maxrich Global Stocks Pvt

Ltd (now known as M/s Jai Raghunandan Trading Pvt Ltd) with

Ld. Counsel Ms. Mansi Tripathi.

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 with Ld.

Counsel Ms. Mansi Tripathi.

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).

Exemption application seeking exemption from personal

appearance is filed on behalf of A-7 Naveen Jindal by his Ld. Counsel. For the

reasons mentioned in the exemption application, same is allowed for today only.

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.

Page 2 of 3

Today, Ld. Counsel Sh. Ritik Vashisht has filed reply dated

18.04.2025 on behalf of Accused No. 27 Natma Securities Pvt Ltd, in response

to present application.

Vakalatnama be also filed by Sh. Ritik Vashisht, Ld. Counsel for

A-27.

In view of orders passed in Writ Petition (Crl.) No. 120/2012 by

the Hon’ble Supreme Court on 08.04.2025, Ld. Counsel Sh. Gurpreet Parwanda

and other Ld. Defence Counsels requested for adjournment for addressing the

arguments on charge on the next date.

In view of the orders of the Hon'ble Supreme Court referred above,

list on 26.04.2025 and 03.05.2025 for arguments on charge by Ld. Counsels for

the accused.

Special Judge, (PC Act) (CBI),

Coal Block Cases-01, RADC

New Delhi/19.04.2025

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