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Supertech Group: Additional Sessions Judge Devender Kumar Jangala granted relief to the accused on a personal bond of Rs 1 lakh and two sureties of like amount.
The ED claimed its probe revealed the funds were collected by Supertech Ltd and other group companies from homebuyers. The company also took project-specific term loans from banks and financial institutions for the purpose of construction of housing projects, the ED said.
Get latest articles and stories on India at LatestLY. A Delhi court on Tuesday granted interim bail to R K Arora, the chairman and promoter of realty major Supertech Group, for a month on medical grounds in a money laundering case. India News | Delhi Court Grants 30-day Interim Bail to Supertech Chairman R K Arora.
Additional Sessions Judge Devender Kumar Jangala reserved the order after hearing arguments of the counsel for the Enforcement Directorate and the defence.
Supertech Group: Arora has sought interim bail for three months, claiming he was suffering from various ailments. Arora has told the court he has lost around 10 kg since his arrest and required "urgent medical assistance".