In May, the High Court granted interim bail to Goyal for a period of two months which was later extended by four weeks and then again for two months.
Naresh Goyal in his application seeking extension of the interim bail said his health condition continues to remain poor and that his mental health had also deteriorated
Naresh Goyal was granted bail earlier in May by the Bombay High Court for two months on humanitarian grounds after he filed an application citing his wife’s ill-health
Naresh Goyal had sought bail citing his and wife's cancer treatment, who he said was in a critical condition.
Naresh Goyal has sought interim bail on medical and humanitarian grounds, citing that both he and his wife, Anita Goyal, suffered from cancer.
The court had, in February 2024, denied interim bail to Goyal when he sought relief on the ground that he was suffering from cancer.
Naresh Goyal's lawyer Aabad Ponda submitted the reports confirming that he had malignancy and added that there would be no further treatment available for him in jail and his client had every right to undergo treatment at a private hospital.
The shock and sense of injustice that most Indians feel at the ouster of a founder from the company he or she founded also gives, in the same breath, legitimacy to founders being held responsible, without limit, for the failure of the company and for its resultant liabilities
A division bench of Justices Revati Mohite Dere and Gauri Godse said the petition cannot be entertained and hence is dismissed.
Located in London, Dubai and various cities in India, these properties are in the name of various companies like Jetair Private Limited and Jet Enterprises Private Limited, Goyal, his wife Anita, and son Nivaan, the federal agency said in a statement.
Goyal’s plea claimed his arrest was arbitrary, unwarranted and done without the ED following proper procedure. He sought to be released immediately.
The FIR was registered on the bank’s complaint alleging that it sanctioned credit limits and loans to Jet Airways (India) Ltd to the tune of Rs 848.86 crore, of which Rs 538.62 crore were outstanding.
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The ED conducted searches against Naresh Goyal and others on July 19 this year as part of the investigation under the Prevention of Money Laundering Act (PMLA).
The federal agency raided six-seven premises in Mumbai and some other locations as part of the investigation being conducted under the Prevention of Money Laundering Act (PMLA).