Lawstreet Journal

Inx Media Case Update: Karti Chidambaram Seeks Refund Of Rs. 20 Crores Deposited As Security For Travelling Abroad On Bail

Lawstreet Journal 13 Jan 2020 11:31pm

Image courtesy: Lawstreet Journal Business Inx Media Case Update: Karti Chidambaram Seeks Refund Of Rs. 20 Crores Deposited As Security For Travelling Abroad On Bail

On January 13, 2020 the Supreme Court of India, issued a notice to the Enforcement Directorate to file a reply to a petition submitted by Karti Chidambaram seeking a refund in the amount of Rs. 20 crores, which was deposited by him as a security for travelling abroad, while he was out on bail. The court will hear the matter on Friday next, January 17, 2020.

A bench headed by Chief Justice of India, S A Bobde, Justices B R Gavai and Surya Kant sought clarification regarding the purpose of the security deposit from the investigating agency and whether that purpose stood fulfilled after K. Chidambaram’s return from abroad.

Earlier, the court had allowed K. Chidambaram to go abroad for various purposes like the admission of his daughter and for participation in tennis tournaments held abroad, in the last two years. He was allowed to visit United Kingdom and USA in May and Germany and Spain in June, 2019. The plea to travel abroad also stated that the respondent is a former tennis player, an administrator and an entrepreneur. 

The money was deposited with the Supreme Court registry on January 30th and May 7th last year, Rs. 10 crores each time along with an undertaking by Karti. The CJI, during the hearing, asked K. Chidambaram, “Do you want a zero to be added? ... You (Karti) can go wherever you want to, you can do whatever you want, but don't play around with the law. If there is an iota of non-cooperation, we… Continue Reading...


Tagged: INX media   INX Media Case   INX Media Case  
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