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Mumbai: Nirmal Lifestyle directors denied bail in cheating case

Dated on: Thursday 4th May 2023

On Wednesday, the Esplanade Metropolitan Court dismissed Dharmesh Jain's request for bail in an alleged cheating case and placed him and his brother Rajeev in judicial custody till May 16. The directors of the building company Nirmal Lifestyle, Dharmesh and Rajeev, were both arrested last week in connection with the case. According to the bail request presented by attorney Harshad Bhadbhade, "applicants have settled the matter amicably and have entered into consent terms" with all 29 of the customers who were complainants in the initial information report, the basis for why the economic offences wing initiated the arrest last month.

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