HARSATINDER PAL SINGH HAYER vs DIRECTORATE OF ENFORCEMENT

Judgment text excerpt

* IN THE HIGH COURT OF DELHI AT NEW DELHI % Reserved on: 18th December, 2025 Pronounced on: 24th December, 2025 + BAIL APPLN. 3054/2025 & CRL.M.A. 23642/2025 HARSATINDER PAL SINGH HAYER .....Petitioner Through: Mr. Dayan Krishnan, Sr. Advocate with Mr. Arshdeep Singh Khurana, Mr. Sulakshan VS, Mr. Sreedhar Kale, Ms. Simran Khurana, Ms. Ridhi Kapoor, Mr. Abhishek Budhiraja, Mr. Ayush Gaur and Mr. Varun Parashar, Advocates. versus DIRECTORATE OF ENFORCEMENT .....Respondent Through: Mr. Zoheb Hossain, Spl Counsel with Mr. Vivek Gurnani, Panel Counsel, Mr. Kartik Sabharwal, Mr. Pranjal Tripathi and Mr. Kanishk Maurya, Advocates. CORAM: HON'BLE MS. JUSTICE NEENA BANSAL KRISHNA J U D G M E N T NEENA BANSAL KRISHNA, J. 1. A Bail Application under Section 483 of the Bharatiya Nagarik Suraksha Sanhita, 2023 read with Section 45 of the Prevention of Money Laundering Act, 2002 (hereinafter referred to as “PMLA”) has been filed on behalf of the Applicant, Harsatinder Pal Singh Hayer, seeking Regular Bail in ECIR/03/DLZO/2016 dated 26.07.2016. Signature Not Verified DigitallySigned By:RITA SHARMA Signing Date:24.12.2025 BAIL APPLN. 3206/2025 Page 1 of 26 15:46:05 2. The Applicant claims that he is a law abiding citizen who has been unlawfully arrested in this case on 21.03.2025 in the aforesaid ECIR and has been incarcerated in jail since then. 3. The brief facts of the case as narrated in the Application, are that pursuant to the order of the Apex Court in Civil Appeal No.6572/2004 in the matter of M/s PGF Limited vs. Union of India & Others, CBI, BSFC registered an FIR bearing No. RCBIDI/2014/E/0004 dated 19.02.2014 under Section 120B read with 420 of the Indian Penal Code, 1860 (hereinafter referred to as “IPC”) against M/s PGF Limited, Shri Nirmal Singh Bhangoo, Shri Harchand Si