Thread by @LawBeatInd

#SupremeCourt to hear CBI's plea challenging the #AllahabadHighCourt order whereby the High Court had granted bail to #UPPCL Managing Director Ayodhya Prasad Mishra. Mishra is accused of investing the General Provident Fund amount of UPPCL employees in private companies.

Senior Advocate Mukul Rohatgi appearing for Mishra.
Senior Advocate Maninder Singh appearing for Sudhanshu Dwivedi.

ASG Aishwarya Bhati for CBI has requested for a pass over.

The bench will hear the matter later.

Counsel appearing for CBI informs the bench informs the bench that investigation on the money trail is still going on. He is the master mind.

Justice Khanwilkar: but for how long this will go on.

The bench noted that, we have no objection to the observation of the HC that no evidence has been unearthed by the CBI to indentify the money trail.
Leaving it open for the investigating officer to approach for cancellation of bail in case some condition for bail is violated.

Singh appearing for another accused seeking bail, the ED has finished the investigation and has found nothing over the money trail.

Counsel appearing for CBI: Milords, I can only show the gravity of the offence.

Justice Khanwilkar: Leave granted, as the appellant is in jail for more than two and half years and noting that the charge has already been filed we see no reason to allow the appellant on bail.

Senior Advocate R Basant appearing for Praveen Kumar Gupta (co-accused) who has been allowed on bail and the UP Government has challenged the same.

Justice Khanwilkar: We decline to interfere in this, we direct the trial court to ensure that the matter proceeds expeditiously.

Supreme Court Dismisses CBI's Plea Challenging Bail Granted To UPPCL Former MD Ayodhya Prasad Mishra, Allows Bail To Co-Accused
@Gautam_Adv28 reports
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