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Supreme Court grants bail to SVF Entertainment co-founder Srikant Mohta on medical grounds


The film producer was arrested from his Kolkata office by the Central Bureau of Investigation (CBI) in January 2019 in connection with the Rose Valley default case.

Roushni Sarkar

Shrikant Mohta, the co-founder of SVF Entertainment Pvt Ltd, was granted bail by the Supreme Court on Monday following the rejection of three successive bail pleas by the Orissa high court.

The film producer, who was arrested from his Kolkata office by the Central Bureau of Investigation (CBI) in January 2019 in connection with the Rose Valley default case, was lodged in Bhubaneswar Jail.

According to a report by LiveLaw.in, a web news portal, senior counsel Kapil Sibal, who appeared on behalf of Mohta, along with senior counsel KV  Viswanathan, submitted that it was an undisputed position that his client had suffered two brain strokes for which he was being treated initially at SCB Medical College and Hospital, Cuttack and thereafter, AIIMS Bhubaneswar.

Mahendra Soni, co-founder and director of SVF, told The Telegraph newspaper sometime after Mohta was granted bail on Monday that he had complete faith in the judicial system and was hoping for the best. "We did not lose hope and always worked towards it. Finally, we got the good news. We, his family, friends and employees are elated about the news,” he said.