AJAY YADAV vs DIRECTORATE OF ENFORCEMENT

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI % Reserved on: 13.05.2025 Pronounced on: 31.05.2025 + BAIL APPLN. 1282/2025 & CRL.M.A. 9981/2025 INTERIM BAIL AJAY YADAV .....Petitioner Through: Mr. Mohit Mathur, Senior Advocate with Mr. Yashvardhan, Ms. Kritika Nagpal & Mr. Pranav Das, Advocates versus DIRECTORATE OF ENFORCEMENT .....Respondent Through: Mr. Vivek Gurnani, Panel Counsel, ED, Mr. Kanishk Maurya, Mr. Kartik Sabharwal & Mr. Kunal Kocchar, Advocates CORAM: HON'BLE MR. JUSTICE RAVINDER DUDEJA JUDGMENT RAVINDER DUDEJA, J. 1. The present application has been filed under Section 483 of Bharatiya Nagarik Suraksha Sanhita, 2023 read with Section 45 of the Prevention of Money Laundering Act, 2002 [PMLA, 2002] on behalf of the applicant Ajay Yadav for grant of bail in Corruption Case Bail Appln. 1282/2025 2021. FACTUAL BACKGROUND 2. The present ECIR arises out of FIR being RCHG2020A0021 dated 31.12.2020 registered with CBI on a complaint filed by the then Chief Manager of Punjab National Bank, Sonipat [‘PNB’] against M/s Sunstar Overseas Ltd. [‘SOL’] and its Directors. As per the FIR, accounts of five banks, namely, PNB, ICICI Bank, IDBI Bank and State Bank of India were declared