Lawstreet Journal

Dilip Chhabria granted bail in Avanti Scam Case by Mumbai Court [READ ORDER]

Lawstreet Journal 9 Apr 2021 4:19pm

Image courtesy: Lawstreet Journal Business Dilip Chhabria granted bail in Avanti Scam Case by Mumbai Court [READ ORDER]

Dilip Chabbria was granted bail on April 3, 2021 in the Avanti Scam Case by the Esplanade Magistrate Court in Mumbai.

When it comes to customised cars, Dilip Chhabria is a well-known name, and his signature 'DC' style has been highly sought after, with many celebrities among his customers.

Dilip Chhabria was arrested by Milind Bharambe, Joint Commissioner of Police (Crime), who said on Tuesday that approximately 90 DC Avanti vehicles made by Dilip Chhabria Designs Pvt Ltd (DDCPL) were used for fraudulent financing. DDCPL took out several loans totalling Rs 42 lakhs on these vehicles. The corporation will impersonate clients for their own vehicles and obtain loans from non-banking financial companies (NBFCs) that were never paid back. Such cars were then sold to other buyers after illegal funding was obtained without the consent of the buyer. 

This also included a registration scam where the “majority of the 90 vehicles were registered with two or three RTOs from different states, according to the police”. The petitioner, in this case, is a Tamil Nadu resident whose DC Avanti system and frame number were registered with both the Tamil Nadu and Haryana RTOs. The cops suspect they'll use these multiple identification numbers to get more loans that they won't be able to pay back.

“In the Avanti case, Dilip Chhabria is being represented by Arguing Counsel Akhilesh Dubey along with Amit Dubey”.

The whole prosecution case seems to be suspicious. Surprisingly, the first informant is a Chennai native. The driver, however, was intercepted by the CIU unit… Continue Reading...

Tagged: Kapil Sharma   Dilip Chhabria  
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