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Kampani's plea annulled by SC, may face arrest
New Delhi, Apr 13: The Supreme Court on Monday, Apr 13 annulled a petition filed by Nimesh Kampani to stop the proceeding started against him in relation to Nagarjuna Finance Corp case. This has cleared way for the arrest of the financial industry magnate.
However, the Supreme Court bench headed by Justice Altamas Kabir has allowed him to seek anticipatory bail.
The
firm
allegedly
failed
to
return
around
Rs
98.3
crore
collected
from
85,160
depositors
in
1997-98,
which
lead
Kampani
and
other
executives
into
trouble.
OneIndia News
Story first published: Tuesday, April 14, 2009, 9:04 [IST]
