Justice Amit Sharma noted that no possible prejudice could be caused to the prosecution’s case before the trial court if Singh was released on bail with necessary conditions
According to the FIR, the accused persons were alleged to have an absolute control in Religare Enterprises Ltd. and its subsidiaries who allegedly put RFL in "poor financial condition" by advancing loan to companies having no financial standing and control by the said accused persons.
The Delhi High Court has today rejected the bail application filed by Malvinder Mohan Singh who was allegedly involved in misappropriation of funds at Religare Finvest Ltd (RFL).