On Thursday, after closed arguments, a bench of Justice Shiva Prasad Acharya demanded a bail of Rs 20 million from Agrawal and Rs 15 million from Bhatta for the insurance-related offense.
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The Kathmandu District Court has ordered the release of controversial businessman Deepak Bhatt and businessman Sulabh Agrawal on bail in securities and insurance-related offenses.
On Thursday, a bench of Justice Shiva Prasad Acharya demanded a bail of Rs 20 million from Agrawal and Rs 15 million from Bhatt in the insurance-related offense after a closed hearing.
Similarly, the district court has demanded a bail of Rs 15 million from Agrawal and Rs 10 million from Bhatt in the securities offense. The District Court, Kathmandu, issued the closed hearing order on Thursday after a week-long continuous hearing.
The court has demanded a bail of Rs 23 million from Sulabh in another case involving the sale of promoter shares of Himalayan Reinsurance.
