[BREAKING] Delhi Court grants bail to Matrix Cellular & Gaurav Khanna, Gaurav Suri in case alleging black marketing of oxygen concentrators

The order was passed by Arun Kumar Garg, Chief Metropolitan Magistrate, Saket Court.

A Delhi Court on Wednesday granted bail to Matrix Cellular CEO Gaurav Khanna, Vice President Gaurav Suri and two others in a case registered against them after their entire stock of oxygen concentrator was seized by Delhi Police from locations in Lodhi Colony and Mehrauli last week.

Bail was granted subject to a personal bond of Rs. 50,000 and surety of the like amount. 

The order was passed by Arun Kumar Garg, Chief Metropolitan Magistrate, Saket Court. 

Order on bail plea by accused Hitesh will be pronounced tomorrow.

All five accused persons were arrested by Delhi Police last week soon after the raids. 

Why are oxygen concentrators not classified as essential commodity? Delhi HC poses question to State, Centre Visit Here.

As per the prosecution case, the accused had "hatched a conspiracy" to wrongfully make money by "inducing" the public and selling imported oxygen concentrators at a "exorbitant rate" amid a raging pandemic.

Seeking bail in the case, counsel for the five arrested persons had argued that there was no "black marketing" and in the absence of any government order capping the sale price, the MRP was being fixed after considering the various costs incurred by Matrix Celluar while importing and selling the equipment.

It was inter alia argued that the investigation was only a "fishing and roving inquiry" and the mobile app, XFactor, that was used for sale of the oxygen concentrators had been in place since 2016.

Court refuses to grant interim relief to Navneet Kalra in connection with hoarding of Oxygen Concentrators Visit Here.

It was also pointed out that the oxygen concentrators were imported not only from China but Europe as well.

While reserving the order in the bail petitions, the Court had pulled up the State for the arrest of private persons who were selling imported oxygen concentrators at an "exorbitant rate" to consumers when it had itself not regulated the sale price.