Bombay HC denies bail to Kerkar on grounds of delay in trial in ED case

Bombay high court on Wednesday declined bail to Ajay Ajit Peter Kerkar, promoter of travel firm Cox and Kings, accused of money laundering and arrested by the Enforcement Directorate on November 27, 2020, over allegations of siphoning of funds at this stage on grounds of delay in trial saying he is at liberty to apply later. Kerkar had filed a bail plea in 2021 after special PMLA court denied him the relief. At the hearing before the HC argued for bail on grounds of delay in the trial .