The issue of jurisdiction and power of a court to hear Khaitan's bail application in the case lodged by the Enforcement Directorate (ED) under provisions of the Prevention of Money Laundering Act (PMLA) cropped up when his plea came up for hearing.
As his plea was taken up for hearing by Chief Metropolitan Magistrate Sanjay Khanagwal, who had earlier remanded him in ED's custody, advocate Naveen Kumar Matta, appearing for the agency, said that under provisions of the PMLA, only a special court has the power to hear the bail application.
ED's contentions, however, were opposed by senior advocate Siddharth Luthra, who appeared for Khaitan, saying that when remand of the accused was given by this court, then why it can not hear the bail application.
"If remand order is not sustainable as it was not given by a special court, then I (Khaitan) should be released now. This court has given remand on the request of ED and now they (ED) cannot say that this court cannot consider the bail plea and it should be heard only by a special court," he argued.
He added that there was no provision that the CMM cannot consider the bail plea.
After hearing the arguments, CMM Khanagwal referred the case to the district judge, who was on leave today, to decide on the issue of jurisdiction for hearing bail plea and giving remand.
During the day, Khaitan was produced in the court after expiry of two-day judicial custody and his remand was extended by two days by Additional Sessions Judge Reetesh Singh, to whom the case was marked by the officiating district judge.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
