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Guj HC grants temporary bail to DPIL promoter Amit Bhatnagar

Press Trust of India  |  Ahmedabad 

The High Court today

granted temporary for 20 days to promoter of Vadodara-based (DPIL) who has been arrested for allegedly cheating banks to the tune of

Rs 2,654 crore.

Justice J B Pardiwala granted temporary to for 20 days after the latter, in his plea, sought to arrange for his daughter's admission to a foreign university.

The court order specified that Bhatnagar, during the temporary bail period, will have a police escort.

Bhatnagar, along with his father, Suresh, and brother, Sumit, were arrested by the in April this year for allegedly availing credit from 11 banks since 2008 by using fraudulent means.

This, the agency stated, had left the banks with outstanding dues of Rs 2,654.40 crore as on June 29, 2016.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, June 11 2018. 21:40 IST