The division bench of Justice SS Shinde and MS Karnik posted the matter for further hearing after two weeks.
Earlier, on November 4, the single bench had rejected their bail applications in the Yes Bank fraud case, observing that at the time of filing a charge sheet, all the procedures were followed.
Justice SV Kotwal, while rejecting the plea also observed that the investigation agency had followed due process of law. The Wadhawans had argued that the CBI had filed the chargesheet without sanction before the special court and in any case, it has missed the deadline in filing the charge sheet before the special court.
The promoters of DHFL were seeking a bail, with the arguments that at the time of filing the charge sheet, the investigation agency CBI had not complied with the Criminal Procedure Code (CrPC). Prior to that, even a special court had rejected the bail application of Wadhawans on similar grounds on July 31.
As per the FIR registered by the CBI in the case, Yes Bank had invested about Rs 3,700 crore as short-term debentures of DHFL between April-June 2018, for which Wadhawans allegedly gave a kickback of about Rs 600 crore to the bank’s then Chief Executive and MD Rana Kapoor.
The kickbacks were allegedly in the form of loan to a company registered in the name of Kapoor’s daughters.