Case Number: CR Cases/1/2019
Parties: Directorate Of Enforcement versus M/S Jindal Steel And Power Ltd And Ors
Order Number: 9
Filing Date: Fri, 13 Jul 2018
Order Date: Mon, 15 Mar 2021
Order Description: COPY OF ORDER
Status: Arguments on Charge
Stage: Arguments on Charge
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 PP Sh. Naveen Kumar Matta for ED along with IO Assistant Director Sh. Arun Kumar.
Sh. Vivek Mittal AR of A-1 M/s Jindal Steel and Power Ltd is absent.
Sh. Ravinder Kumar Manchal, AR of A-2 M/s Gagan Sponge Iron Pvt Ltd is absent.
Sh. Chandan Singh Sountiyal, AR of A-4 M/s New Delhi Exim Pvt Ltd is absent.
Sh. Rajiv Kumar AR of A-5 M/s Jindal Reality Pvt. Ltd is absent.
None for A-15 B.S.N. Suryanarayan (also AR of A-6 M/s Nihar Stocks Limited).
A-7 Naveen Jindal is absent.
None for A-8 K. Ramakrishna Prasad.
A-9 Sushil Kumar Maroo is absent.
A-10 Rajeev Jain is absent.
A-11 Anand Goel is absent.
A-12 Rajeev Aggarwal is absent.
A-13 Siddharth Madra in person.
A-14 Gyan Swaroop Garg is absent.
Separate exemption applications seeking exemption from personal appearance for today have been moved on behalf of Sh. Vivek Mittal AR of A-1 M/s JSPL; Sh. Ravinder Kumar AR of A-2 M/s GSIPL; Sh. Chandan Singh Sountiyhal AR of A-4 M/s NDEPL; A-7 Naveen Jindal; A-9 Sushil Maroo; A-10 Rajeev Jain; A-11 Anand Goel; A-12 Rajeev Aggarwal and A-14 Gyan Swaroop Garg by their respective Ld. Counsel.
Heard. Allowed only for today.
The factum of death of A-8 Sh. K. Ramakrishna Prasad has been verified by ED and IO has placed on record the original verification
report.
Considered. Perused.
Accordingly, the proceedings against A-8 Shri K. Ramakrishna Prasad stands abated. Surety of A-8 K. Ramakrishna Prasad also stands discharged and documents pertaining to surety of A8 K. Ramakrishna Prasad, if any, be released to him against due acknowledgement and endorsement, if any, be also canceled.
Accordingly, application under consideration stands disposed off.
Ninety (90) days more time has been sought by IO AD Arun Kumar for completing the further investigation in the present time.
Heard. Considered.
Already sufficient time has been given to investigating agency for completing further investigation in the present matter. Accordingly, ED is directed to expedite the completion of further investigation.
Accordingly, matter be now put up on 17.05.2021 for awaiting progress report of further investigation .
On the official E-mail ID of this Court, Ld. Counsel Mohd. Wasay Khan for A-3 M/s Sowbhagya Media Ltd has moved the following application:
Vide present application, Ld. Counsel Mohd. Wasay Khan, who is representing A-3 M/s SML seeks discharge of Sh. Madhusudan Rao Manikonda AR of A-3 M/s SML stating that Sh. Madhusudan Rao
Manikonda is no longer director in the company that after the change of management in the company and death of another co-accused K. Ramakrishna Prasad, Sh. Madhusudan Rao Manikonda is no longer representing company M/s Sowbhagya Media Ltd.
Let notice in this regard be issued, through IO AD Sh. Arun Kumar, to Company M/s Sowbhagya Media Ltd. (A-3) to its Director(s) for the next date of hearing.
In the meantime, Sh. Madhusudan Rao Manikonda AR of A3 M/s SML, till further orders, shall continue to appear before this Court.
Ld. Counsel Sh. Mohd. Wasay Khan for A-3 M/s SML may also in the meantime inform the company about his decision to withdraw his Vakalatnama in the present case on its behalf.
Matter be now put up on 17.05.2021.
(Bharat Parashar) Special Judge, (PC Act) (CBI),RACC/ND 15.03.2021.
CRC No. 01/2019 (Old CRC No. 08/18)
ECIR No. 12/DLZ0/2014
Branch: Delhi Zonal Office, Zone-ll.
ED Vs. M/s Jindal Steel & Power Ltd & Ors.
Offence u/s 3 and punishable u/s 4 PMLA, 2002
15.03.2021.
Ld. Special PP Sh. Naveen Kumar Matta for ED along with
1O Assistant Director Sh. Arun Kumar.
Sh. Vivek Mittal AR of A-1 M/s Jindal Steel and Power Ltd is
absent.
Ld. Counsel Sh. Saurabh Ajay Gupta for A-1.
Sh. Ravinder Kumar Manchal, AR of A-2 M/s Gagan Sponge
lron Pvt Ltd is absent.
Ld. Counsel Sh. Nagesh Kumar for A-2.
None for A-3 M/s Sowbhagya Media Ltd.
Sh. Chandan Singh Sountiyal, AR of A-4 M/s New Delhi Exim
Pvt Ltd is absent.
Ld. Counsel Sh. Himanshu Anand Gupta for A-4.
Sh. Rajiv Kumar AR of A-5 M/s Jindal Reality Pvt. Ltd is
absent.
Ld. Counsel Sh. Prashant Mehta for A-5.
None 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.
Page No. 1 of 4
Ld. Counsel Ms. Muskan Tyagi for A-9.
Ld. Counsel Sh. Somesh Arora for A-10.
Ld. Counsel Sh. Tanmaya Mehta for A-11.
Ld. Counsels Sh. Divyansh Tiwari and Sh. Anshuman
Nandi for A-12.
Ld. Counsel Sh. Hemant Shah for A-14.
Separate exemption applications seeking exemption from
personal appearance for today have been moved on behalf of Sh. Vivek
Mittal AR of A-1 M/s JSPL; Sh. Ravinder Kumar AR of A-2 M/s GSIPL;
Sh. Chandan Singh Sountiyhal AR of A-4 M/s NDEPL; A-7 Naveen
Jindal; A-9 Sushil Maroo; A-10 Rajeev Jain; A-11 Anand Goel; A-12
Rajeev Aggarwal and A-14 Gyan Swaroop Garg by their respective Ld.
Counsel.
PROCEEDINGS AGAINST THE ACCUSED NO. 8 (SHRI K.
RAMAKRISHNA PRASAD) ON THE GROUND OF HIS DEATH.
The factum of death of A-8 Sh. K. Ramakrishna Prasad has
been verified by ED and IO has placed on record the original verification
Page No. 2 of 4
Accordingly, the proceedings against A-8 Shri K.
Ramakrishna Prasad stands abated. Surety of A-8 K. Ramakrishna
Prasad also stands discharged and documents pertaining to surety of A-
8 K. Ramakrishna Prasad, if any, be released to him against due
acknowledgement and endorsement, if any, be also canceled.
Accordingly, application under consideration stands disposed
off.
Ninety (90) days more time has been sought by IO AD Arun
Kumar for completing the further investigation in the present time.
Already sufficient time has been given to investigating
agency for completing further investigation in the present matter.
Accordingly, ED is directed to expedite the completion of further
investigation.
Accordingly, matter be now put up on 17.05.2021 for
awaiting progress report of further investigation.
On the official E-mail ID of this Court, Ld. Counsel Mohd.
Wasay Khan for A-3 M/s Sowbhagya Media Ltd has moved the following
application:
AUTHORISED REPRESENTATIVE OF THE APPLICANT/ACCUSED
NO. 5 i.e. M/S SOWBHAGYA MEDIA LTD.
Vide present application, Ld. Counsel Mohd. Wasay Khan,
who is representing A-3 M/s SML seeks discharge of Sh. Madhusudan
Rao Manikonda AR of A-3 M/s SML stating that Sh. Madhusudan Rao
Page No. 3 of 4
Manikonda is no longer director in the company that after the change of
management in the company and death of another co-accused K.
Ramakrishna Prasad, Sh. Madhusudan Rao Manikonda is no longer
representing company M/s Sowbhagya Media Ltd.
Let notice in this regard be issued, through IO AD Sh. Arun
Kumar, to Company M/s Sowbhagya Media Ltd. (A-3) to its Director(s)
for the next date of hearing.
In the meantime, Sh. Madhusudan Rao Manikonda AR of A-
3 M/s SML, till further orders, shall continue to appear before this Court.
Ld. Counsel Sh. Mohd. Wasay Khan for A-3 M/s SML may
also in the meantime inform the company about his decision to withdraw
his Vakalatnama in the present case on its behalf.
(Bharat Parashar)
Special Judge, (PC Act)
(CBI),RACC/ND
15.03.2021.
Page No. 4 of 4