Excise Policy case: Delhi HC refuses to stay trial against former CM Arvind Kejriwal
New Delhi (PTI): The Delhi High Court on Thursday refused to stay for now the trial proceedings against former Delhi chief minister and AAP convenor Arvind Kejriwal who is an accused in a case of irregularities linked to the Delhi Excise Policy 2021-22.
Justice Manoj Kumar Ohri further sought a response from the investigating agency Enforcement Directorate on Kejriwal's plea challenging a trial court's order taking cognisance of a chargesheet in the case.
The matter will be heard on December 20.
Kejriwal sought setting aside of the trial court order and argued cognisance of the chargesheet was taken by the special court in the absence of any sanction for his prosecution as he was a public servant when the alleged offence was committed.
However, Solicitor General Tushar Mehta, appearing for the ED, submitted a sanction was obtained to prosecute Kejriwal and he would be filing an affidavit.
The former CM sought an early date of hearing when the court initially posted the hearing next year and his counsel insisted an order on his plea for a stay be passed during the day on account of urgency.
Mehta sought to file a reply to the stay application, pointing out such an approach was unfair.
On November 12, the high court sought ED's response on another plea filed by Kejriwal who challenged summons issued to him on the agency's complaint in the money laundering case.
The high court refused to stay the trial court proceedings at the moment in the criminal case.
While Kejriwal was granted interim bail by the Supreme Court on July 12 in the money laundering case, the apex court released him on bail in the CBI case on September 13.
According to the CBI and the ED, irregularities were committed while modifying the excise policy and undue favours were extended to the licence holders.
The Delhi government implemented the policy on November 17, 2021 and scrapped it by the end of September 2022 amid allegations of corruption.
The money laundering case stems from a CBI case lodged after Delhi Lieutenant Governor V K Saxena recommended a probe into the alleged irregularities in the implementation of the excise policy
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Binny Bansal steps down from board of PhonePe
New Delhi, Nov 22: Flipkart's co-founder Binny Bansal has stepped down from the board of PhonePe, the fintech company said on Friday.
PhonePe also announced the appointment of Manish Sabharwal as an Independent Director and Chair of its Audit Committee.
In this role, Sabharwal will be instrumental in upholding the integrity and effectiveness of PhonePe's financial reporting, internal controls, and risk management practices, he company said in a release.
"PhonePe also announced that Flipkart's co-founder, Binny Bansal has stepped down from its Board of Directors. Binny acquired PhonePe in 2016 and has been on its Board since then," the release said.
Commenting on the board rejig, Sameer Nigam, CEO and Founder of PhonePe said, "I would like to express my heartfelt gratitude to Binny Bansal for being one of PhonePe's earliest and staunchest supporters. His active engagement, strategic guidance, and personal mentorship have profoundly enriched our discussions. Binny will be missed!"
Nigam further said that Sabharwal's depth of understanding of India's macro economy, coupled with his leadership in shaping India's policies for education, employment, and employability will be invaluable as PhonePe continues to work ahead towards shared vision of a Viksit Bharat by 2047.
Sabharwal is Vice-Chairman of Teamlease Services, India's largest staffing and human capital firm.
Bansal played an instrumental role in Flipkart's acquisition of PhonePe way back in 2016 and had been on its board since then (the payments firm separated from Flipkart in 2022).
