Directorate Of Enforcement versus M/S Jindal Steel And Power Ltd And Ors | Order Dated Tue, 05 Jan 2021

Directorate Of Enforcement versus M/S Jindal Steel And Power Ltd And Ors - Order No: 8

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: 8

Filing Date: Fri, 13 Jul 2018

Order Date: Tue, 05 Jan 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

05.01.2021

Matter taken up today in compliance of Office Order No. Power Gaz/RADC/2020/E-24844-931 dated 21.12.2020 and also in continuation to orders No. Power Gaz/RADC/2020/E-22773-22861 dated 27.11.2020 of Ld. Principal District & Sessions Judge (Officiating), RADC, New Delhi No.819-903/DJ/RADC/2020 dated 16.05.2020, No. E1792-1876/DJ/RADC/2020 dated 22.05.2020, No. E-25742639/DJ/RADC/2020 dated 29.05.2020, No. E-3943-4029/DJ/RADC/2020 dated 13.06.2020, No. E-4121-4205/DJ/RADC/2020 dated 15.06.2020 and No. Power/Gaz./RADC/2020/E5577-5661 Dated 29.06.2020, Power/Gaz./RADC /2020/E-6836-6919 Dated 14.07.2020, Power/Gaz./RADC/2020/E-7784-7871 dated 30.07.2020, Power/Gaz./RADC/2020/E-89599029 dated 16.08.2020, No. E-10559-10644/Power Gaz/RADC/2020 dated 28.08.2020, No. Power Gaz/RADC/2020/E-15009-15097 dated 26.09.2020 and Power Gaz/RADC/2020/E19422-19502 dated 27.10.2020 of Ld. District & Sessions Judge-Cum-Spl. Judge (PC ACT) (CBI) Rouse Avenue District Court, New Delhi.

The present matter is being taken up today through video conferencing as regular functioning of the Courts at District Courts has been suspended since 23.03.2020 vide office orders of Hon'ble High Court of Delhi bearing Nos. 373/Estt./E1/DHC dated 23.03.2020, No.159/RG/DHC/2020 dated 25.03.2020, No.R-77/RG/DHC/2020 dated 15.04.2020, No. R159/RG/DHC/2020 dated 02.05.2020, No. R-235/RG/DHC/2020 dated 16.05.2020, R-305 /RG/DHC/2020 dated 21.05.2020, No.1347/DHC/2020 dated 29.05.2020, No.17/DHC/2020 dated 13.06.2020, No.22/DHC/2020 dated 29.06.2020, No. 24/DHC/2020 dated 13.07.2020, No. 26 /DHC/2020 dated 30.07.2020, No. 322/RG/DHC/2020 Dated: 15.08.2020 and 417/RG/DHC/2020 dated 27.08.2020 and pursuant to the letter dated 20.09.2020 of Ld. Registrar General, Hon'ble High of Delhi, New Delhi.

The hearing of the present matter is being taken up via Cisco WebEx Platform in the presence (onscreen) of:

Proceedings

Present:

Ld. Special P.P. Sh. N.K. Matta for ED.

IO Assistant Director Sh. Arun Kumar.

None for A-1 M/s Jindal Steel and Power Ltd.

Ld. Counsel Sh. Nagesh Behl for A-2 M/s Gagan Sponge Iron Pvt Ltd.

Proxy Counsel Ms. Filza Moonis for A-3 M/s Sowbhagya

Media Ltd. and A-8 K. Ramakrishna Prasad.

AR Madhusudan Rao for A-3 M/s Sowbhagya Media Ltd.

None for A-4 M/s New Delhi Exim Pvt Ltd.

  • Ld. Counsel Sh. Prashant Mehta for A-5 M/s Jindal Reality Pvt. Ltd.
  • Ld. Counsels Sh. Prashant Mehta and Sh. Somesh Arora for A-10 Rajeev Jain.
  • Ld. Counsel Sh. Suyodhan Byrapaneni for A-15 B.S.N. Suryanarayan (also AR of A-6 M/s Nihar Stocks Limited).
  • Ld. Counsels Sh. Rajeev Goyal and Sh. Gurpreet S. Parwanda for A-7 Naveen Jindal.
  • Ld. Counsel Sh. Shishir Mathur for A-9 Sushil Kumar Maroo. None for A-11 Anand Goel.
  • Ld. Counsel Sh. Shakunt Saumitra for A-12 Rajeev Aggarwal. A-13 Siddharth Madra is present.
  • Ld. Counsel Sh. Rahul Tyagi for A-13 Siddharth Madra.
  • Ld. Counsel Sh. Hemant Shah for A-14 Gyan Swaroop Garg.

The following applications have been received on the official email ID of the Court.

    1. Application dated 05.01.2021 seeking abatement of proceedings against the accused No. 8 (Shri K. Ramakrishna Prasad) on the ground of his death.

The present application has been moved seeking abatement of proceedings against A-8 K. Ramakrishna Prasad. Proxy Counsel Ms. Filza Moonis for Ld. Counsel Sh. Mohd. Wasay Khan states that A-8 K. Ramakrishna Prasad has since expired on 03.11.2020. Necessary death certificate issued by Greater Hyderabad Municipal Corporation has been annexed with the application.

Heard. IO is directed to verify the factum of death of A-8 K. Ramakrishna Prasad.

Proxy Counsel Ms. Filza Moonis is directed to file the hard copy of

the present application alongwith death certificate as and when normal functioning of the courts is resumed.

I. Application dated 04.01.2021 on behalf of Directorate of Enforcement seeking time for completion of further investigation.

The present application has been moved by IO Assistant Director Sh. Arun Kumar seeking further extension of ninety days time stating that further investigation in the matter is still in progress.

Heard. Allowed.

IO is directed to expedite the matter.

As prayed matter be now put up on 15.03.2021 awaiting progress report of further investigation.

A digitally signed copy of this order be also uploaded on CIS.

A copy of order is being retained, to be placed in the judicial file as and when normal functioning of the courts is resumed.

The present order has been dictated on phone to Steno Hukam Chand. <unknown>

(Bharat Parashar) Special Judge, (PC Act) (CBI), Court No. 608 Rouse Avenue Court New Delhi 05.01.2021

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

05.01.2021

Matter taken up today in compliance of Office Order No. Power

Gaz/RADC/2020/E-24844-931 dated 21.12.2020 and also in continuation to orders No.

Power Gaz/RADC/2020/E-22773-22861 dated 27.11.2020 of Ld. Principal District &

Sessions Judge (Officiating), RADC, New Delhi No.819-903/DJ/RADC/2020 dated

16.05.2020, No. E1792-1876/DJ/RADC/2020 dated 22.05.2020, No. E-2574-

2639/DJ/RADC/2020 dated 29.05.2020, No. E-3943-4029/DJ/RADC/2020 dated 13.06.2020,

No. E-4121-4205/DJ/RADC/2020 dated 15.06.2020 and No. Power/Gaz./RADC/2020/E-

5577-5661 Dated 29.06.2020, Power/Gaz./RADC /2020/E-6836-6919 Dated 14.07.2020,

Power/Gaz./RADC/2020/E-7784-7871 dated 30.07.2020, Power/Gaz./RADC/2020/E-8959-

9029 dated 16.08.2020, No. E-10559-10644/Power Gaz/RADC/2020 dated 28.08.2020, No.

Power Gaz/RADC/2020/E-15009-15097 dated 26.09.2020 and Power Gaz/RADC/2020/E-

19422-19502 dated 27.10.2020 of Ld. District & Sessions Judge-Cum-Spl. Judge (PC ACT)

(CBI) Rouse Avenue District Court, New Delhi.

The present matter is being taken up today through video conferencing as regular

functioning of the Courts at District Courts has been suspended since 23.03.2020 vide office

orders of Hon'ble High Court of Delhi bearing Nos. 373/Estt./E1/DHC dated 23.03.2020,

No.159/RG/DHC/2020 dated 25.03.2020, No.R-77/RG/DHC/2020 dated 15.04.2020, No. R-

159/RG/DHC/2020 dated 02.05.2020, No. R-235/RG/DHC/2020 dated 16.05.2020, R-305

/RG/DHC/2020 dated 21.05.2020, No.1347/DHC/2020 dated 29.05.2020, No.17/DHC/2020

dated 13.06.2020, No.22/DHC/2020 dated 29.06.2020, No. 24/DHC/2020 dated 13.07.2020,

No. 26 /DHC/2020 dated 30.07.2020, No. 322/RG/DHC/2020 Dated: 15.08.2020 and

417/RG/DHC/2020 dated 27.08.2020 and pursuant to the letter dated 20.09.2020 of Ld.

Registrar General, Hon'ble High of Delhi, New Delhi.

The hearing of the present matter is being taken up via Cisco

WebEx Platform in the presence (onscreen) of:

Present: Ld. Special P.P. Sh. N.K. Matta for ED.

Ld. Counsel Sh. Nagesh Behl for A-2 M/s Gagan Sponge Iron

Pvt Ltd.

Proxy Counsel Ms. Filza Moonis for A-3 M/s Sowbhagya

Page No. 1 of 3

Ld. Counsel Sh. Prashant Mehta for A-5 M/s Jindal Reality

Pvt. Ltd.

Ld. Counsels Sh. Prashant Mehta and Sh. Somesh Arora for

A-10 Rajeev Jain.

Ld. Counsel Sh. Suyodhan Byrapaneni for A-15 B.S.N.

Suryanarayan (also AR of A-6 M/s Nihar Stocks Limited).

Ld. Counsels Sh. Rajeev Goyal and Sh. Gurpreet S. Parwanda

for A-7 Naveen Jindal.

Ld. Counsel Sh. Shishir Mathur for A-9 Sushil Kumar Maroo.

None for A-11 Anand Goel.

Ld. Counsel Sh. Shakunt Saumitra for A-12 Rajeev Aggarwal.

A-13 Siddharth Madra is present.

Ld. Counsel Sh. Rahul Tyagi for A-13 Siddharth Madra.

Ld. Counsel Sh. Hemant Shah for A-14 Gyan Swaroop Garg.

The following applications have been received on the official email

ID of the Court.

  1. Application dated 05.01.2021 seeking abatement of proceedings

against the accused No. 8 (Shri K. Ramakrishna Prasad) on the ground of

his death.

The present application has been moved seeking abatement of

proceedings against A-8 K. Ramakrishna Prasad. Proxy Counsel Ms. Filza

Moonis for Ld. Counsel Sh. Mohd. Wasay Khan states that A-8 K. Ramakrishna

Prasad has since expired on 03.11.2020. Necessary death certificate issued by

Greater Hyderabad Municipal Corporation has been annexed with the

application.

Heard. IO is directed to verify the factum of death of A-8 K.

Ramakrishna Prasad.

Page No. 2 of 3

the present application alongwith death certificate as and when normal

functioning of the courts is resumed.

  1. Application dated 04.01.2021 on behalf of Directorate of Enforcement

seeking time for completion of further investigation.

The present application has been moved by IO Assistant Director

Sh. Arun Kumar seeking further extension of ninety days time stating that further

investigation in the matter is still in progress.

As prayed matter be now put up on 15.03.2021 awaiting

progress report of further investigation.

A copy of order is being retained, to be placed in the judicial file as

and when normal functioning of the courts is resumed.

The present order has been dictated on phone to Steno Hukam

Chand.

(Bharat Parashar)

Special Judge, (PC Act)

(CBI), Court No. 608

Rouse Avenue Court

New Delhi

05.01.2021

Page No. 3 of 3

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