Sterling Biotech promoters move court against NBWs

NEW DELHI: Absconding Sterling Biotech (SBL) promoters — Nitin Jayantilal Sandesara, Chetankumar Jayantilal Sandesara and Dipti Chetan Sandesara — moved a Delhi court on Thursday seeking cancellation of Non-Bailable Warrants (NBWs) issued against them in the Rs 8,100 crore bank fraud case. They moved the application through their counsel before Additional Sessions Judge Satish Kumar Arora, who directed them to furnish their address to the Enforcement Directorate (ED) within 15 days and listed the matter for April 2.

The promoters have also sought permission to be represented in the court through their counsel. The ED opposed their plea, saying extradition proceedings from Italy and Nigeria are being carried out against the Sandesaras as they have been absconding since the investigation and an open ended NBW was obtained from the court for this purpose.