Wave Group - Latest News Update, Information, Photos & Videos on Wave Group at Lokmat Times

A Delhi Court on Monday granted bail to Wave Group vice-chairman Manpreet Singh (Monty) Chadha in connection with a cheating case.Additional Sessions Judge (ASJ) Gulshan Kumar granted bail to Chadha, son of late liquor baron Ponty Chadha, and directed him to furnish two surety bonds of Rs 50,000 each.The court in its order also stated that the businessman cannot travel abroad without seeking prior permission from it.During the course of hearing, ASJ Kumar pulling up the Economic Offences Wing (EOW) and asked why no investigation took place between January 2018 and June 2019 into the claims of the investors, who alleged cheating at the hands of Chadha.Senior advocate Vivek Tankha, Vikas Pahwa and Sumeer Sodhi appeared on behalf of Chadha.The court was hearing the second bail plea filed by the Wave Group vice-chairman in connection with the cheating case against him.On June 13, Metropolitan Magistrate Paras Dala rejected Chadha's bail plea and sent him to 14-day judicial custody.Monty Chadha, vice-chairman of the Wave Group and director of Uppal-Chadha Hi-tech Developers Private Limited was arrested by the Economic Offences Wing while he was flying from India to Phuket via Singapore.He was arrested for allegedly cheating investors to the tune of over Rs 100 crore.According to the police, a Lookout Circular was issued against him earlier this year in connection with the case.( With inputs from ANI )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Wave GroupFOLLOW

Wave group, Latest News

National :NCLAT dismisses Wave Group's appeal for insolvency proceedings

Noida, Jan 6 The National Company Law Appellate Tribunal (NCLAT) has dismissed Wave Group's appeal for insolvency proceedings. ... ...

Business :Wave City emerges as an epitome of smart, sustainable, and state-of-the-art housing

COVID-19 has definitely been one of the most onerous, tumultuous, and defining epoch of our generation. Leaders, organizations, and businesses worldwide were encountered with daunting challenges and uncharted waters while dealing with the severe impl ...

National :Delhi court grants bail to Monty Chadha in cheating case

A Delhi Court on Monday granted bail to Wave Group vice-chairman Manpreet Singh (Monty) Chadha in connection with a cheating case. ...