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The Punjab and Haryana High Court on Thursday dismissed a bail petition moved by Paramjit Singh Chahal, an accused in multi-crore synthetic drug racket and the owner of two pharmaceutical unit in Himachal Pradesh.
The decision came from a division bench comprising Justices Surya Kant and P B Bajanthri. A detailed judgment is yet to be released by the court.
Chahal is behind the bars on an FIR registered against him and others at the Banur police station in Patiala on May 15, 2013, under the NDPS Act and other sections of the Indian Penal Code.
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The division bench had earlier, on October 9 last year, cancelled Chahal’s interim interim bail order, passed by a single judge bench on March 6 last year, and the final orders passed on March 22 last year. The division bench had then found that there was “avoidable haste” by its single-judge bench “in entertaining the pre-arrest bail” while Chahal was absconding.
Chahal and his brother Jagjit Singh own two pharmaceutical industries at Baddi and Barotiwala, Montek Biopharma and MBP Pharmaceutical Pvt Ltd respectively.
The prosecution had alleged that the Chahal brothers amassed assets worth over Rs 72 crore without the corresponding known sources of income.
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