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Rotomac promoter Vikram Kothari gets bail in loan default case after a year

Rotomac Global promoter director Vikram Kothari is accused of defaulting on loans to state lenders.

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Vikram Kothari Photo: Rotomac Website

Press Trust of India
The Lucknow bench of Allahabad High Court Friday granted eight weeks' bail to Rotomac Global promoter director Vikram Kothari who is accused of defaulting on loans worth Rs 3,695 crore.

Kothari, who is admitted in a government hospital, was put in judicial custody after being arrested by the Central Bureau of Investigation (CBI) on February 23, 2018. 

Justice A R Masoodi also asked Kothari to surrender his passport to the trial court before his release and further directed him to inform about his movement in the country during the bail period.

It asked Kothari to surrender soon after expiry of