Justice Swarn Kanta Sharma sought a status report from the ED on the case and scheduled the hearing for July 9.

Jain's plea challenges the trial court's May 15 order, which had rejected his bail request.

He argues that the ED failed to complete its investigation within the statutory period and refused to grant him default bail under Section 167 (2) of the Code of Criminal Procedure (CrPC) before the trial court on July 27, 2022. Filed an incomplete prosecution complaint. ,

Jain argues that filing an incomplete charge sheet while the investigation is ongoing is a violation of his fundamental right under Article 21 of the Constitution, which undermines his right to default bail under Section 167(2) of the CrPC.

The ED case against Jain arises from an FIR filed by the Central Bureau of Investigation (CBI) under sections 13(2) and 13(E) of the Prevention of Corruption Act, 1988, alleging that he committed bribery between 2017 and 2017. Acquired disproportionate wealth.

Additionally, the ED alleges that companies beneficially owned and controlled by Jain received Rs 4.81 crore through accommodation entries from shell companies through the hawala route.