The Supreme Court of India has granted bail to Arnab Goswami who was arrested in abetment to suicide case on November 4.
A division bench of Justices D Y Chandrachud and Indira Banerjee heard the petitions filed by Goswami, co-accused Neetish Sarda and Parveen Rajesh Singh against the Bombay High Court's denial of interim bail.
After hearing all the arguments, the bench said High Court was in error in rejecting the application for grant of interim bail.
The accused should execute a personal bond for an amount of Rs 50000 for release on interim bail, said the Supreme Court in its order.
The case pertains to the death of Anvay Naik, managing director of Concorde Designs Private Limited, in 2018. A suicide note by Naik accused Goswami and two others â€“ Feroz Shaikh and Niteish Sarda â€“ of not paying dues worth Rs 5.40 crore. Naik and his mother Kumud Naik were found dead in their home in Kavir village of Alibaug.
The first information report in the case said that Goswami of ARG Outlier, which owns Republic TV, had allegedly not paid Rs 83 lakh for the Bombay Dyeing Studio Project. Shaikh had not paid Rs 4 crore for a project in Andheri while Sarda, owner of Smart work, had allegedly skipped payment of Rs 55 lakh for his projects at Baner and Magarpatta in Pune.