A Delhi court has granted regular bail to Ram Kishor Arora, the promoter of Supertech, in a high-profile ₹700 crore money laundering case. The Enforcement Directorate (ED) had accused Arora and his group companies of defrauding hundreds of homebuyers and laundering the proceeds【98†source】.
Background of the Case
Supertech and its subsidiaries were implicated in a series of FIRs filed across Delhi, Haryana, and Uttar Pradesh. The complaints, totaling 26 FIRs, alleged that the company engaged in criminal conspiracy, cheating, criminal breach of trust, and forgery. Specifically, Supertech was accused of collecting funds from homebuyers for flats that were never delivered as promised, affecting over 800 buyers and involving a sum of ₹228 crores【98†source】【100†source】.
Court’s Decision
Arora had been in custody since June 2023. His previous attempts to secure statutory bail and to challenge his arrest had been denied by the Delhi High Court. However, his latest plea for bail was granted by Additional Sessions Judge Devender Kumar Jangala at the Patiala House Court. The court emphasized that there was no misuse of interim bail previously granted on medical grounds and that the ED had not provided sufficient evidence of such misuse【98†source】【100†source】.
The conditions for Arora’s bail include:
- A personal bond of ₹1 lakh and two sureties of the same amount.
- Surrendering his passport and not leaving the National Capital Territory without prior court permission.
- Prohibiting any tampering with evidence or unlawful activities.
- Sharing his live location with the investigating officer twice daily and maintaining an active mobile phone【100†source】.
Implications
This case highlights the ongoing scrutiny of real estate practices and the legal accountability of major developers. The court’s decision reflects a balance between the need for due legal process and the rights of individuals under investigation to receive fair treatment.