MD YUSUF ALIAS MD YOUSUF v. UNION OF INDIA THROUGH CBI
Court: High Court of Jharkhand
Bench: HON'BLE MR.JUSTICE RONGON MUKHOPADHYAY
Judgment date:
Case summary
High Court of Jharkhand judgment dated 2020-09-07. MD YUSUF ALIAS MD YOUSUF v. UNION OF INDIA THROUGH CBI. Read the judgment and case details on LawSphereX.
Judgment text
IN THE HIGH COURT OF JHARKHAND AT RANCHI B. A. No. 5542 of 2020 Md. Yusuf @ Md. Yousuf ... Petitioner Versus Union of India through CBI … Opposite Party --- CORAM: HON’BLE MR. JUSTICE RONGON MUKHOPADHYAY Through Video Conferencing --- For the Petitioner : Mr. Om Prakash Singh, Advocate For the CBI : Mrs. Nitu Sinha, A. P. P. ---th Order No. 02 Dated 7 September, 2020 Heard the learned counsel appearing for the respective parties. So far as defect no. 4 is concerned, learned counsel for the petitioner undertakes to remove the same once the situation normalizes. As regards rest defects are concerned, the same are ignored. The petitioner is an accused in connection with R. C. 11(S)/2014 (EOWR). It has been alleged that the State Bank of India, SME Branch, Bokaro Steel City, had sanctioned a loan to M/S. Balajee Laminator Private Limited. The loan was subsequently declared NPA. It has further been alleged that the outstanding dues was to the tune of Rs. 5.
43 Crores/- along with interest till July, 2013. In fact some of the mortgaged sale deeds were found to be false. The petitioner has been implicated on account of the fact that he had unauthorizedly sold blank land rent receipts and Mutation Correction Slip to one of the Directors of M/S. Balajee Laminator Private Limited. , which facilitated the Company in getting loan from the Bank. The petitioner seems to have criminal antecedents as he is also an accused in three other cases of similar nature. The petitioner appears to be in custody since 31. 01. 2020. On consideration of the aforesaid facts, I am not inclined to grant bail to the petitioner and the same is, hereby, rejected at this stage. (RONGON MUKHOPADHYAY,J. ) Raja/-
Source: High Court of Jharkhand. Dataset: Dattam Labs. CC BY 4.0. Text extracted automatically; compare with the source PDF for layout and accuracy.