<p>The Supreme Court on Thursday stayed the Bombay High Court order of January 15 which allowed two accused of the Rs 7,000-crore PMC Bank scam to be taken out of jail for disposal of their assets.</p>.<p>The two accused, HDIL directors Rakesh and Sarang Wadhawan, reportedly owed Rs 4,635 crore to PMC Bank.</p>.<p>A bench of Chief Justice S A Bobde and Justices B R Gavai and Surya Kant granted a stay on the particular paragraph of the order, directing the Arthur Road jail authorities to take the accused to their residence with two guards.</p>.<p>The Centre on Thursday moved the top court challenging validity of the "unusual" order by the High Court, saying it granted virtual bail to the two accused in Rs 7,000-crore PMC Bank scam, acting on a PIL for recovering due from them.</p>.<p>Solicitor General Tushar Mehta mentioned the matter, seeking urgent hearing on Thursday itself.</p>.<p>The court agreed to consider it on Thursday as soon as the petition gets filed in the registry and numbered.</p>.<p>In his plea, Mehta said there was a defalcation of public money. The HC directed for the disposal of the properties of the accused in judicial custody and for the purpose </p>.<p>This is a scam of Rs 7,000 crore and the accused can't be granted virtual bail in this manner, he said.</p>.<p>The HC had on Wednesday also appointed a committee headed by a former judge, Justice S Radhakrishnan, for speedy disposal of properties of the Housing Development and Infrastructure Ltd, a borrower to the crisis-hit Punjab and Maharashtra Cooperative Bank.</p>.<p>The HDIL directors Rakesh and Sarang Wadhawan were directed to cooperate in this process.</p>.<p>The PIL in the HC claimed the real estate developer owed Rs 4,635 crore to the PMC.</p>
<p>The Supreme Court on Thursday stayed the Bombay High Court order of January 15 which allowed two accused of the Rs 7,000-crore PMC Bank scam to be taken out of jail for disposal of their assets.</p>.<p>The two accused, HDIL directors Rakesh and Sarang Wadhawan, reportedly owed Rs 4,635 crore to PMC Bank.</p>.<p>A bench of Chief Justice S A Bobde and Justices B R Gavai and Surya Kant granted a stay on the particular paragraph of the order, directing the Arthur Road jail authorities to take the accused to their residence with two guards.</p>.<p>The Centre on Thursday moved the top court challenging validity of the "unusual" order by the High Court, saying it granted virtual bail to the two accused in Rs 7,000-crore PMC Bank scam, acting on a PIL for recovering due from them.</p>.<p>Solicitor General Tushar Mehta mentioned the matter, seeking urgent hearing on Thursday itself.</p>.<p>The court agreed to consider it on Thursday as soon as the petition gets filed in the registry and numbered.</p>.<p>In his plea, Mehta said there was a defalcation of public money. The HC directed for the disposal of the properties of the accused in judicial custody and for the purpose </p>.<p>This is a scam of Rs 7,000 crore and the accused can't be granted virtual bail in this manner, he said.</p>.<p>The HC had on Wednesday also appointed a committee headed by a former judge, Justice S Radhakrishnan, for speedy disposal of properties of the Housing Development and Infrastructure Ltd, a borrower to the crisis-hit Punjab and Maharashtra Cooperative Bank.</p>.<p>The HDIL directors Rakesh and Sarang Wadhawan were directed to cooperate in this process.</p>.<p>The PIL in the HC claimed the real estate developer owed Rs 4,635 crore to the PMC.</p>
