Case Number: CR Cases/1/2019
Parties: Directorate Of Enforcement versus M/S Jindal Steel And Power Ltd And Ors
Order Number: 242
Filing Date: Fri, 13 Jul 2018
Order Date: Sat, 26 Apr 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, Sh. N.K. Matta along with Ld. Advocates Ms. Sonia Kukreja (through VC), Sh. Prabhas Bajaj and Sh. Ansh Singh Luthra (through VC), Sh. Priyanshu Tyagi, Sh. Manmeet Singh, Ms. Jyoti Khattar and Ms. Sadhika Kochhar 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. Counsel Sh. Prashant Mehta (both through VC).
Sh. Chandan Singh Sountiyal, AR of A-4 M/s New Delhi Exim Pvt. Ltd., with Ld. Counsel Sh. Himanshu Anand Gupta.
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 with Ld. Counsel Sh. Somesh Arora.
A-11 Anand Goel (through VC).
A-12 Rajeev Aggarwal (through VC) with Ld. Counsel Ms. Ana Upadhyay.
A-16 Arjun Saraswat 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.
An application seeking exemption from personal appearance of A-7 Naveen Jindal is filed by his Ld. Counsel on the ground that he is travelling abroad with permission of this Court granted vide order dated 03.04.2025.
Heard. Perused. Allowed for today only subject to the condition that he shall not dispute his identity during the proceedings conducted today in the Court.
IA NO. 60/25: APPLICATION DATED 24.01.2025 ON BEHALF OF GYAN SWAROOP GARG, ACCUSED NO. 14 FOR PLACING FACTS ON RECORD, SEEKING DIRECTIONS TO THE ACCUSED NO. 27 AND SEEKING MODIFICATION IN ORDER DATED 16.12.2024.
Ld. Counsel Sh. Hemant Shah for the applicant/A-14 Gyan Swaroop Garg submits that he needs sometime to place on record written synopsis in support of his application.
Further, Ld. Counsel Sh. Ritik Vashisht appearing on behalf of A-27 M/s Natma Securities submits that today the arguing Counsel is not available and therefore, requests for an adjournment.
Perusal of records shows that on 16.12.2024 the Ld. Advocate Sh. Ritik Vashisht was directed to file Vakalatnama on behalf of A-27 M/s Natma Securities Limited. However, same has not been filed by him till date.
In these circumstances, I deem it appropriate that Sh. Ritik Vashisht, Ld. Advocate be directed afresh to file Vakalatnama on record in his favour on behalf of A-27 M/s Natma Securities Limited, within two days from today, failing which non-applicant Sh. Sudharshan Kumar Sharma AR of A-27 shall remain present on the next date of hearing either physically or through VC, otherwise, reply of A-27 M/s Natma Securities Limited would be taken off the record.
Sh. Rajesh Batra, Ld. SPP for DoE submits that he has not received the copy of reply filed on behalf of A-27. However, Ld.
Advocate Sh. Ritik Vashisht submits that he has already supplied the same to Ld. Counsel for DoE.
Without going into the said controversy, I deem it appropriate to direct Sh. Ritik Vashishit, Ld. Advocate to supply the soft copy of reply filed on behalf of A-27 afresh to Ld. SPP for DoE, within two days from today on the email ID of the complainant/Ld. SPP.
At joint request, matter be now put up on date already fixed i.e. 03.05.2025 for consideration/filing of written synopsis by Ld. Counsel for A-14 and arguments on aforesaid application and for arguments on charge.
<unknown>
(Dheeraj Mor) Special Judge, (PC Act) (CBI), Coal Block Cases-01, RADC New Delhi/26.04.2025
ED Vs. M/s Jindal Steel & Power Ltd & Ors.
26.04.2025
Present: Ld. Special PPs Sh. Rajesh Batra, Sh. N.K. Matta along with
Ld. Advocates Ms. Sonia Kukreja (through VC), Sh. Prabhas
Bajaj and Sh. Ansh Singh Luthra (through VC), Sh.
Priyanshu Tyagi, Sh. Manmeet Singh, Ms. Jyoti Khattar and
Ms. Sadhika Kochhar 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. Counsel Sh. Prashant Mehta (both through VC).
Sh. Chandan Singh Sountiyal, AR of A-4 M/s New Delhi
Exim Pvt. Ltd., with Ld. Counsel Sh. Himanshu Anand
Gupta.
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.
Page 1 of 4
A-12 Rajeev Aggarwal (through VC) with Ld. Counsel Ms.
Ana Upadhyay.
A-13 Siddharth Madra with Ld. Counsel Sh. Mathew M.
Philip (both through VC).
A-14 Gyan Swaroop Garg with Ld. Counsel Sh. Hemant
Shah.
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) 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.
An application seeking exemption from personal appearance
of A-7 Naveen Jindal is filed by his Ld. Counsel on the ground that he is
travelling abroad with permission of this Court granted vide order dated
03.04.2025.
Page 2 of 4
Heard. Perused. Allowed for today only subject to the
condition that he shall not dispute his identity during the proceedings
conducted today in the Court.
IA NO. 60/25: APPLICATION DATED 24.01.2025 ON BEHALF
OF GYAN SWAROOP GARG, ACCUSED NO. 14 FOR PLACING
FACTS ON RECORD, SEEKING DIRECTIONS TO THE ACCUSED
NO. 27 AND SEEKING MODIFICATION IN ORDER DATED
16.12.2024.
Ld. Counsel Sh. Hemant Shah for the applicant/A-14 Gyan
Swaroop Garg submits that he needs sometime to place on record written
synopsis in support of his application.
Further, Ld. Counsel Sh. Ritik Vashisht appearing on behalf
of A-27 M/s Natma Securities submits that today the arguing Counsel is
not available and therefore, requests for an adjournment.
Perusal of records shows that on 16.12.2024 the Ld.
Advocate Sh. Ritik Vashisht was directed to file Vakalatnama on behalf of
A-27 M/s Natma Securities Limited. However, same has not been filed by
him till date.
In these circumstances, I deem it appropriate that Sh. Ritik
Vashisht, Ld. Advocate be directed afresh to file Vakalatnama on record
in his favour on behalf of A-27 M/s Natma Securities Limited, within two
days from today, failing which non-applicant Sh. Sudharshan Kumar
Sharma AR of A-27 shall remain present on the next date of hearing
either physically or through VC, otherwise, reply of A-27 M/s Natma
Securities Limited would be taken off the record.
Sh. Rajesh Batra, Ld. SPP for DoE submits that he has not
received the copy of reply filed on behalf of A-27. However, Ld.
Page 3 of 4
Advocate Sh. Ritik Vashisht submits that he has already supplied the
same to Ld. Counsel for DoE.
Without going into the said controversy, I deem it
appropriate to direct Sh. Ritik Vashishit, Ld. Advocate to supply the soft
copy of reply filed on behalf of A-27 afresh to Ld. SPP for DoE, within
two days from today on the email ID of the complainant/Ld. SPP.
At joint request, matter be now put up on date already fixed
i.e. 03.05.2025 for consideration/filing of written synopsis by Ld.
Counsel for A-14 and arguments on aforesaid application and for
arguments on charge.
(Dheeraj Mor)
Special Judge, (PC Act) (CBI),
Coal Block Cases-01, RADC
New Delhi/26.04.2025
Page 4 of 4