The division bench of Justice Gauri Godse and Justice Somasekhar Sundaresan, whereas declaring the arrest unlawful and pointless, ordered his speedy launch.
“We didn’t discover any such tearing hurry to provoke motion to take the petitioner into custody with such zeal and enthusiasm,” the courtroom noticed in its 27-page detailed order. “…there’s a violation of the petitioner’s proper assured underneath Article 21 of the Constitution of India,” noticed the courtroom.
The genesis of the dispute lies within the grievance filed by Shah’s brother, Mehul and their father on the Financial Offence Wing (EoW) at Malabar Hill Police Station, relating to sure alleged financial misappropriation and criminal breach of trust.
The grievance filed on the EoW alleged monetary transactions had been undertaken between 2020 and 2025 underneath the garb of investments in mutual funds to hunt increased returns.
Senior Advocate Ravi Prakash, together with Munaf Virjee, Managing Accomplice of AMR Legislation, appeared for Hemang Shah and argued earlier than the courtroom that the arrest of the petitioner was unlawful within the information and circumstances of this current case and violates the elemental rights of the petitioner underneath Article 22 (2) of the Structure of India.The Shah family-owned Anchor Group launched GreatWhite switches to problem a model it created 4 a long time in the past and offered to Panasonic (then Matsushita Electrical Works) for Rs 2,000 crore in 2007.Began in 1963 by Shah brothers Damjibhai and Jadavjibhai, is now managed by their sons. Late Damjibhai’s sons, Atul and Sanjay, deal with Anchor Well being & Magnificence Care and Jadavjibhai’s sons, Mehul and Hemang, oversee companies akin to actual property, paints and writing devices.
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