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Naresh Goyal Seeks Bail from Bombay High Court in Loan Default Case

Founder of Jet Airways Naresh Goyal Seeks Bail on Humanitarian Grounds; Requests to Be with Critically Ill Wife During Cancer Treatment

The Bombay High Court has issued a notice to the Enforcement Directorate (ED) in response to a petition filed by Naresh Goyal, the founder of Jet Airways, seeking bail in a case related to loan defaults. The single-judge Bench, headed by Justice NJ Jamadar, has requested the federal agency’s response and scheduled further hearings for May 3.

Earlier, on April 10, 2024, a special court had declined to grant permanent bail to Goyal on medical grounds. Goyal, who is currently undergoing cancer treatment at HN Reliance Foundation Hospital and Research Centre, had sought bail citing his deteriorating health condition. Senior Advocate Harish Salve, representing Goyal, informed the High Court that Goyal’s wife is also battling cancer and is in critical condition. Salve argued for bail on humanitarian grounds under Article 21 of the Constitution, stating that it would allow Goyal to be with his ailing wife.

Initially, Goyal had approached the sessions court for bail, which permitted him to consult private doctors for a medical examination. Subsequently, based on medical reports revealing malignant tumors, Goyal sought interim medical bail. The special judge granted permission for Goyal’s hospitalization for two months to undergo cancer treatment. Despite the dismissal of the petition seeking permanent bail, Goyal was permitted to remain in the hospital for ongoing treatment.

Following this, a petition was filed before the High Court by law firm Naik Naik & Co., arguing that confining Goyal’s bail to hospital premises would prevent him from being with his critically ill wife. The petition emphasized Goyal’s role as the primary caregiver to his wife and stressed their right to provide each other support during their respective health crises. Additionally, it highlighted Goyal’s need to explore alternative treatment methods, which would be challenging to pursue while confined to the hospital.

Salve, along with a team from Naik Naik & Co., including Managing Partner Ameet Naik and Partner Abhishek Kale, represented Goyal during the proceedings.

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