Bonding over bail

When the Maharashtra Protection of Interest of Depositors Court granted bail to Arun Sharma, director, Lotus Refineries and one of the large defaulters in the National Spot Exchange Ltd (NSEL) payment crisis, it set off scenes of celebration and brotherhood in the courtroom. Another defaulter, Nimish Patel of N K Protein who had been given bail a day before, and the erstwhile MD & CEO of NSEL, Anjani Sinha, were seen smiling and hugging each other as if they had won their cases instead of merely being granted bail from a jail term. Yet, all three have been charge-sheeted by the Economic Offences Wing and Sinha has been named as one of the masterminds of the NSEL fraud.