RAKESH KUMAR GULATI vs DIRECTORATE OF ENFORCEMENT

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI Reserved on: 16thApril, 2025 Pronounced on: 7th May, 2025 + BAIL APPLN. 4821/2024 RAKESH KUMAR GULATI .....Petitioner Through: Mr. Tanveer Ahmed Mir, Senior Advocate with Mr. Yash Datt and Mr. Chandrashekhar Anand, Advocates. versus DIRECTORATE OF ENFORCEMENT .....Respondent Through: Mr. Manish Jain, SPP with Ms. Sougata Ganguly and Ms. Deepa, Advocates for ED. CORAM: HON'BLE MR. JUSTICE AMIT SHARMA JUDGMENT AMIT SHARMA, J. 1. The present application under Section 483 of the Bharatiya Nagarik Suraksha Sanhita, 2023, (for short, ‘BNSS’), read with Section 45 of the Prevention of Money Laundering Act, 2002, (for short, ‘PMLA’), has been filed seeking regular bail in CC No. 01/2024, arising out of ECIR No.: GNZO/09/2021, under Sections 3/4 of the PMLA, registered with Directorate 2. The present ECIR arises out of FIR/RC being RCCHG2020A0021 which was registered with CBI on a complaint filed by the then Chief Manager of Punjab National Bank, Hindu College Branch, Sonipat, Haryana, against M/s Sunstar Overseas Ltd. (for short, ‘accused company’) and its directors. As per the said FIR, accounts of 5 banks, namely, PNB, ICICI Bank, IDBI Bank an