Bombay High Court Denies Anticipatory Bail to Ecstasy Realty Directors in Debenture Diversion Case

The Bombay High Court denied anticipatory bail to three directors of Ecstasy Realty Private Limited—Shobhit Rajan, Pulin Bole, and Shivani Varma—in a case involving alleged diversion of over Rs 480 crore raised through debentures for a residential project. The Economic Offences Wing is investigating claims that funds were diverted to personal accounts and shell companies instead of the intended project. The court emphasized the need for custodial interrogation and extended interim protection to allow the accused to seek relief from the Supreme Court.