The Bombay high court on August 18 began hearing submissions on behalf of Raj Kumar Bansal, managing director and CEO of Edelweiss Asset Reconstruction Company Ltd., Rashesh Shah, its chairman, and three others accused of abetment to suicide by Bollywood art director Nitin Desai. The five accused have filed quashing petitions against the FIR lodged on August 4 by Desai’s widow over his August 2 suicide.
It was argued on behalf of the defendants that a lender is allowed to take all steps legally available for recovery of dues and such a process cannot be construed as abetment to suicide. The lawyer said, “These cases where facts don’t support the allegations ought not to be permitted.”