The Supreme Court Tuesday declined to entertain a plea by CBI for cancellation of bail granted to Rajeev Saxena, Dubai-based businessman, an accused-turned-approver in the AgustaWestland chopper scam case.A three-judge bench led by Chief Justice of India D Y Chandrachud said the court is not inclined to interfere with the bail granted to Saxena. The bench, also comprising justices J B Pardiwala and Manoj Misra, said that the trial court, while allowing Saxena’s bail plea, had noted his medical condition. The bench said the court noted that he was cooperating in the investigation. The apex court asked additional solicitor general S V Raju, representing the CBI, to move the trial court.Raju said Saxena was not cooperating in the probe and he was not answering the questions in connection with the investigation. “He does not answer summons. Let there be a direction that he should cooperate,” Raju said. However, the apex court did not agree with Raju’s contention.In February 2021, a Delhi court granted bail to Saxena on medical grounds. According to medical records submitted by AIIMS, Saxena is suffering from a number of serious ailments, including blood cancer. The report said he needs constant medical checkups.
In January 2019, Saxena was extradited to India, in connection with the scam relating to the purchase of 12 VVIP helicopters from AgustaWestland.
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State-run lender Indian Bank has taken legal action by approaching the insolvency court against Mumbai Metro One Private Limited (MMOPL) due to defaults on its loans. The bank has initiated proceedings under section 7 of the Insolvency and Bankruptcy Code (IBC) against MMOPL. This specific section allows a creditor to file an application to start a corporate insolvency resolution process (CIRP) against a corporate debtor in instances of loan default or financial distress.MMOPL is a joint venture of Anil Ambani-owned Reliance Infrastructure Ltd and Mumbai Metropolitan Regional Development Authority (MMRDA).Earlier, IDBI Bank and the State Bank of India (SBI) had dragged Mumbai Metro to the insolvency court.“We wish to inform you that Indian Bank, another lender being part of 6 lender consortium has also filed a similar application against MMOPL. The total principle debt of the consortium in MMOPL is Rs 1,711 crore,” Reliance Infrastructure Ltd said in an exchange filing on January 15.In August 2022, SBI filed a case under the CIRP against MMOPL. “SBI has filed a petition under section 7 of IBC against MMOPL, a JV of the Company with MMRDA, operating the metro line from Versova to Ghatkopar, before the NCLT Mumbai for recovery of about Rs 416.08 crore,” Reliance Infrastructure had said in a regulatory filing.
Similarly, IDBI Bank, in November 2022, filed a similar case for recovery of Rs 133.37 crore dues including interest.
TAGS: Supreme Court CBI Rajeev Saxena AgustaWestland Chopper Scam Chief Justice of India D Y Chandrachud Three-judge Bench
