The bench has now listed Shivinder Singh's bail plea for hearing on Monday. (FILE)
The Supreme Court was apprised by the Delhi Police Economic Offences Wing on Thursday that it requires four more months to complete the probe in the case in which former Fortis Healthcare promoter Shivinder Mohan Singh is accused of allegedly misappropriating about Rs 2,400 crore from Religare Finvest Ltd (RFL) fund.
A Bench of Chief Justice NV Ramana and Justices Surya Kant and Hima Kohli asked the Delhi police about how much time it will take to complete the investigation and it cannot be an "unending story".
Delhi police said it needs four months to complete the investigation if unforeseen circumstances do not hit the ongoing probe.
The bench has now listed Mr Singh's bail plea for hearing on Monday.
Senior advocate Abhishek Manu Singhvi, appearing for Mr Singh, told the bench that his client has been in jail for the last two years and his custody is not required for the investigation as two charge sheets have already been filed.
Mr Singh has challenged in the top court the June 14 order of the Delhi High Court which cancelled his bail granted by the trial court in a money laundering case.
Justice Suresh Kait of the High Court had said that Mr Singh's detention was necessary to unearth the "conspiracy hatched by him and trace the siphoned off money".
The High Court order had come on the plea of RFL challenging the March 3 order of the trial court granting bail to Singh in the case registered against him by the Economic Offences Wing (EOW) for cheating, criminal conspiracy and criminal breach of trust.
In March 2019, the EOW of Delhi Police registered an FIR after it received a complaint from RFL's Manpreet Suri against Singh, former CMD of Religare Enterprises Limited (REL) Sunil Godhwani and former CEO of RFL Kavi Arora and others, alleging that loans were taken by them while managing the firm but the money was invested in other companies.
RFL's authorised representative Suri alleged that these accused put RFL in poor financial condition by disbursing loans to entities having no financial standings and willfully defaulted on repayments causing loss of Rs 2,397 crore to RFL, as per EOW.
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