A bench of Justices S A Bobde and Ashok Bhushan granted bail to Jain, a minister for housing during the Shiv Sena-BJP rule in the 1990s, after considering that he had served more than four and half years in jail.
Maharashtra government counsel Nishant Katneshwar opposed the bail application of Jain.
The bench, however, granted the relief to him after considering that all material witnesses in the case have been examined.
Jain was arrested in March 2012 for allegedly favouring a builder and indulging in irregularities to the tune of Rs 29 crore.
Former municipal commissioner of Jalgaon Pravin Gedam had registered a complaint in this connection in 2006.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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
