MUMBAI: The Bombay high court on Tuesday gave the CBI time till Friday to respond to a petition by Venugopal Dhoot, former promoter and MD of Videocon, against his arrest.
On Monday, the HC had granted bail to co-accused and former ICICI Bank CEO Chanda Kochhar and her husband Deepak, holding the reasons of their arrest as "casual" and "unacceptable".
They are accused in a case of quid pro quo for loans ICICI gave Videocon that allegedly led to the bank losing over Rs 1,700 crore. The CBI, represented by advocate Kuldeep Patil, sought a week's time, but the bench of Justices Revati Mohite Dere and Prithviraj Chavan gave till Friday.
Dhoot, 72, was held on December 26. Through lawyer Sandeep Ladda, he sought urgent hearing, claiming he has "99%" heart blockage. He is seeking an order to declare his arrest illegal, stay his remand and release him.
Meanwhile, lawyers Mathew Nedumpara, on behalf of National Lawyers' Campaign for Judicial Transparency and Reforms, and Subhash Jha, on behalf of advocate Ghanshyam Upadhyay "as advocates and vigilant citizens", sought to intervene and seek a recall of the Kochhars' bail. The HC said it would consider if the intervention should be allowed on Friday. -Swati Deshpande
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