Surat: The Supreme Court of India has granted two weeks’ relief to members of the Gajera family in connection with a cheating case registered by the Surat Crime Branch against Vasant Gajera and others. The court has directed that no coercive action be taken by the police during this period. After two weeks, the investigating agency will be at liberty to proceed in accordance with law.

The case, filed by Pravin Agrawal, pertains to the sale of 598 shops in Millennium 2 and Millennium 4 textile markets. Agrawal alleged that although his family held a 43% stake in Shanti Residency Pvt. Ltd., they were denied their share of profits.

According to the FIR, the shops were sold for ₹2,085.98 crore, but only ₹157.58 crore was received through cheques, while ₹1,928.39 crore was allegedly taken in cash and kept off the books. The funds were allegedly used to purchase land and launch the Millennium 3 project.

The complaint also alleges that fake digital signatures were created to dilute the Agrawal family’s stake from 43% to 4.2%, and that money was routed to Hong Kong through hawala channels before being brought back into the firm.

Earlier, the Gujarat High Court had directed the registration of an FIR against Vasant Gajera, Bakul Gajera, Ashok Gajera, Chuni Gajera and other accused, after which the Surat Crime Branch issued a lookout circular against them. Challenging this order, the Gajera brothers approached the Supreme Court through their advocates.

After hearing both sides, the apex court granted two weeks’ time to the accused to pursue appropriate legal remedies. During this interim period, the police have been restrained from taking further action, including arrest. DeshGujarat