₹27 Crore Deposit Condition for Former Stock Broker Ketan Parekh to Travel Abroad Set Aside: Bombay High Court
The Bombay High Court has set aside a Special Court order that required former stockbroker Ketan V. Parekh to deposit Rs 27.06 crore as a precondition for travelling abroad. Justice N. J. Jamadar, while allowing the writ petition, held that the condition had no reasonable nexus with ensuring Parekh’s presence during the trial. Court’s Observation on Impugned Condition The Court noted that the Special Judge’s direction was rooted in an…
