X
Latest news
Maharashtra enters weekend of curbs, 2 ministers say may need full lockdownExplained: Post-vaccination effects & deaths; reading the data available so farQaeda-linked outfit’s chief among seven militants killed in J&KSedition charge against Patna groups for CAA, NRC lessons to streetkidsIn time of Quad, a new SOP, unusual statement set off disquiet in DelhiMaharashtra govt orders probe against Param Bir SinghPunjab arthiyas to go on strike over DBT schemeRollback of fertiliser price hikes unlikely as Centre keeps subsidy rates unchangedIn this tribal village, livelihood and rain woes occupy people’s mindsBusy tourist season in Kashmir Valley, ‘good bookings after many years’‘TMC’s frustration evident’: Shah slams Didi’s CAPF jibesCourt order on Varanasi mosque unacceptable: Muslim board‘Ram temple will be completed in 2024… will not take up any issue till then’: VHP working president Alok Kumar
Advertisement

Orders release, issues notice: SC ‘appalled’ as cops arrest court-appointed IRP for Jaypee

The bench, also comprising Justice Dinesh Maheswari, was hearing an application by the IRP Anuj Jain, appointed under the Insolvency and Bankruptcy Code and entrusted with the functioning of the ailing company till the resolution process to resurrect it is decided.

The arrest of an Interim Resolution Professional appointed by the Supreme Court in a case concerning the debt-ridden Jaypee Infratech Limited (JIL) by the Uttar Pradesh Police had the court fuming and ordering his immediate release.

The arrest of an Interim Resolution Professional appointed by the Supreme Court in a case concerning the debt-ridden Jaypee Infratech Limited (JIL) by the Uttar Pradesh Police had the court fuming and ordering his immediate release.

A bench headed by Justice A M Khanwilkar, which said it was “appalled to see” what had happened, also issued show cause notice to the investigating officer “as to why appropriate action is not taken against him for taking such drastic action against the applicant”, and asked him to “file his personal affidavit explaining the position within two weeks”.

The bench, also comprising Justice Dinesh Maheswari, was hearing an application by the IRP Anuj Jain, appointed under the Insolvency and Bankruptcy Code and entrusted with the functioning of the ailing company till the resolution process to resurrect it is decided.

https://images.indianexpress.com/2020/08/1x1.png

Jain was picked up from Mumbai on Monday by the Greater Noida Police in connection with an FIR which alleged that JIL, which operates the 165-km Yamuna Expressway, and Jain have not taken safety measures suggested by the IIT in its safety audit conducted in 2018 to reduce road accidents. The FIR was in connection with an accident on the Expressway on February 23.

“We are appalled to see that the manner in which the Uttar Pradesh Police has handled this case…registered at Police Station Beta-II in District Greater Noida, including to take the extreme step to arrest the Interim Resolution Professional…the police official dealing with the case is not familiar with the provision of privilege of interim resolution appointed by the Court, in terms of Section 233 of the Insolvency and Bankruptcy Code.”

The UP government counsel told the court that the investigating officer “was of the view that the applicant may leave India at any time to avoid the prosecution and for securing his presence thought it necessary to arrest him from Mumbai”.

The bench said it “will examine this aspect of the matter elaborately at appropriate time by treating this application as substantive writ petition filed by the applicant under Article 32 of the Constitution of India”.

Ordering Jain’s “immediate” release, it also asked the police “not to take any coercive action against the applicant in connection with the subject FIR until further orders”.

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest India News, download Indian Express App.

News Assist
Newsletters
Next Story
X