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A Special Judge of the CBI court at Mumbai today rejected businessman Gautam Thapar’s bail application. The application for bail was filed in a case pertains allegations to the sale of the property situated at 40, Amrita Shergill Marg, Delhi to a company owned by  Bindu Kapoor, the wife of Yes Bank Chairman, Rana Kapoor.

Mahesh Jethmalani, Senior Advocate, appearing on behalf of Thapar argued that he was not arrested during the investigation and the Chargesheet had already been filed. He further submitted that Thapar duly cooperated in the investigation and has joined the investigation as and when called upon by the CBI.

Jethmalani submitted that even during investigation he was served with a notice under section 41A of the Cr.P.C. which he duly complied with. It was further submitted that no cheating has been committed as no loss has been caused to Yes Bank as the complete amount has already been repaid,

It was submitted that the Thapar satisfied the requirements of triple test as the chargesheet was filed, therefore, there were no chances of tampering with evidence. Statement of witnesses were already recorded and therefore, there was no chance of influencing the witnesses. The applicant was not a flight risk as there is already a LOC and he is willing to deposit his passport & was ready to comply with any conditions put by the Hon’ble Court.

The Judge however was not inclined grant bail to Thapar despite the arguments.

Thapar was represented by a team from Karanjawala & Co. Advocates, headed by Sandeep Kapur, Senior Partner alongwith Vivek Suri and  Abhimanshu Dhyani, Advocates.