Facing a CBI probe into the alleged irregularities in supply of all-terrain Tatra trucks to public sector Bharat Earth Movers Limited by his firm Tatra-Sipox UK, 57-year-old Rishi, a British national, had sought the court's permission to go to the UK for four weeks.
Special CBI Judge Talwant Singh, however, denied him the permission.
The CBI had opposed Rishi's plea saying that the probe into the case is still going on and the most of the investigation is to be carried out in the UK.
The court had yesterday reserved its order on Rishi's plea after hearing the arguments from both the sides.
Rishi, in his plea, had also sought a direction to the CBI to suspend the look out circular, issued against him on March 31 this year.
The CBI had opposed Rishi's plea apprehending that he may flee if he is allowed to go to the UK and might destroy the crucial evidence.
His counsel, however, had argued before the court that all evidence related to the case is documentary and is in CBI's possession as well as in the government's record and his client cannot tamper with it.
Rishi's counsel had also argued that his client has always co-operated with the CBI and has joined the probe. He had also cited the reports of the doctors in England, under whom Rishi is undergoing treatment for liver ailments and other diseases, saying he needs urgent medical attention.
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