The Supreme Court on Wednesday asked Videocon Group founder Venugopal Dhoot to file a reply to a Central Bureau of Investigation (CBI) appeal challenging the Bombay High Court order granting interim bail to him in the alleged loan fraud case related to ICICI Bank.
A bench of justices AS Bopanna and Justice MM Sundresh issued notice to Mr Dhoot.
"Issue notice to the respondent," the court said.
On January 20, Bombay HC granted interim bail to Videocon Group founder Venugopal Dhoot in the alleged loan fraud case related to ICICI Bank. The court said that the petitioner needs to be enlarged on bail, pending the hearing and final disposal of the petition.
Mr Dhoot was arrested by the Central Bureau of Investigation (CBI) on December 26, 2022, and was granted interim bail by the Bombay High Court on January 20.
CBI has alleged that Deepak Kochhar, husband of former ICICI Bank CEO-MD Chanda Kochhar, was helped by a co-accused to get the ownership of Nupower Renewables Ltd (NRL) and receive ill-gotten money.
CBI had registered a preliminary enquiry (PE) against Deepak Kochhar and Mr Dhoot in March 2018 to probe alleged irregularities in the Rs 40,000 crore loan made by a consortium of lenders to the Videocon Group.
The agency had registered a case against Chanda, her husband and Venugopal Dhoot, along with their companies viz NuPower Renewables, Supreme Energy, Videocon International Electronics Ltd and Videocon Industries Limited.
During its preliminary enquiry, the CBI found six loans worth Rs 1,875 crore were sanctioned to the Videocon Group and companies associated with it between June 2009 and October 2011 in an alleged violation of laid-down policies of ICICI Bank, which are part of the probe.
The agency has said that the loans were declared non-performing assets in 2012, causing a loss of Rs 1,730 crore to the bank.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Featured Video Of The Day
Supreme Court Judges Highlight Importance Of Dissenting Judgments On "Bail Is Norm" Rule, Former Chief Justice UU Lalit Points To A Caveat States Must Compensate Fairly For Land Acquisition: Supreme Court 3 Dead, Over 30 Cops Injured: Violence In UP's Sambhal Over Mosque Survey Autopsy Reveals Chilling Details Of Family Kidnapped, Killed In Manipur Car, Misled By GPS, Falls Into River From Under-Construction Bridge, 3 Dead Married Man Kills Live-In Partner, Burns Her Body In Haryana: Cops 15-Year-Old Girl Raped By Truck Driver In Madhya Pradesh Forest: Police Eknath Shinde Elected As Leader Of Shiv Sena Legislature Party Track Latest News Live on NDTV.com and get news updates from India and around the world.