The company additionally sought cancellation of bail granted to Kumar and his custodial interrogation as he was “evasive throughout questioning”.
A bench comprising Justices S Abdul Nazeer and Sanjiv Khanna deferred the listening to by two weeks because it has been conducting remaining listening to into the case associated to winding up of six mutual fund schemes of Franklin Templeton.
Through the transient listening to, senior advocate A M Singhvi, showing for one of many bureaucrats, mentioned the company was “reviving one thing which is age outdated”.
“The contempt at all times stays alive,” mentioned Solicitor Normal Tushar Mehta, showing for the CBI.
“It turns into alive throughout elections,” mentioned Singhvi.
The Saradha group of corporations allegedly duped lakhs of individuals of round Rs 2,500 crore, promising larger charges of return on their investments.
The rip-off was unearthed in 2013 throughout Kumar’s tenure because the Bidhannagar police commissioner.
Kumar was a part of the Special Investigation Team (SIT) arrange by the West Bengal authorities for probing the rip-off, earlier than the Supreme Court docket handed over the case to the CBI in 2014 together with different chit fund instances.
In November 2019, the apex court docket had sought the response of the IPS officer on the CBI’s attraction difficult the anticipatory bail granted to him within the chit fund rip-off by the Calcutta High Court.
The probe company had filed an attraction within the apex court docket towards the October 1, 2019 order of the Calcutta Excessive Court docket, which had granted Kumar the aid saying it was not an applicable case for custodial interrogation.
The excessive court docket had directed Kumar to cooperate with the investigating officers and make himself accessible earlier than them for questioning on a 48-hour discover by the CBI.
On September 21, 2019, a pre-arrest bail plea of the IPS officer was rejected by the Alipore District and Classes Court docket in Kolkata.
The Centre and the West Bengal authorities had been additionally locked in an unprecedented standoff after a CBI crew had reached Kumar’s official residence for questioning him, however needed to retreat because the native police detained its officers.