Kampani's plea annulled by SC, may face arrest

Posted By: Staff
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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.

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