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Rana Kapoor got bail in a case pertaining to irregularities worth Rs 900 crore in a loan given to Housing Development and Infrastructure Limited (HDIL).
The court expressed its displeasure at the agency for not knowing the status of a scheduled offence based on which it began its investigation.
The Wadhawans have been in jail since 2019. Both of them were arrested by the Mumbai Police in connection with the Rs 6,670 crore Punjab and Maharashtra Co-operative (PMC) bank scam.
The NCLAT found that more than 99 percent of the sanctioned amount – Rs 147.6 crore by Yes Bank in Mack Star's name – was returned to the bank on the same day or within a short period of time.
NCLAT said that Rs 147.6 crore loaned to the company for the renovation of a two-year-old building Kaledonia was routed back to the Yes Bank.