Court issues show cause notice to Jalaj Batra for bail cancellation in DHFL case

A Delhi CBI court has issued a show cause notice to Jalaj Batra, one of the accused in the Rs 34,000 crore DHFL scam case, regarding the potential cancellation of his bail. This action follows allegations that Batra made false submissions and misled the court.

On Wednesday, Special CBI Judge Ashwani Kumar Sarpal expressed displeasure towards Jalaj Batra for involving a third party and making incorrect submissions to secure bail and exemption from personal appearance in the CBI vs. Kapil Wadhawan DHFL scam case.

The court noted that the accused, Jalaj Batra, was summoned by the court on May 16, 2024. Allegations against Batra were that he indulged in share trading to raise multiple crores. As equity for DHFL through various companies, which was in fact provided by DHFL and increased volume of DHFL shares in the stock market and to increase the DHFL share price.

However, he was granted bail by the Court on personal bond and surety, though he did not appear before the Court physically but through VC.