NEWDELHI: The Delhi High Court is likely to pronounce its verdict on Monday on a plea of Switzerland-based firm Swiss Timing, an accused in a Commonwealth Games-related graft case, seeking a stay on possible coercive measures against it by a lower court.
A Bench of Justice Mukta Gupta will deliver the verdict at 10.30 a.m. The court had reserved its decision on February 7 after counsel for the firm and the CBI concluded its arguments.
Sacked CWG Organising Committee chief Suresh Kalmadi and other co-accused are charged with illegally granting the contract to Swiss Timing, causing a loss of over `90 crore to the state exchequer.
The MNC told Justice Gupta that it had not been served with the summons as per the law dealing with offshore companies. The CBI misled the court below on the issue. Any consequential coercive measures such as arrest warrant and attachment of properties would be contrary to law as the service of summonses have not been served (on the accused) as per the CrPC and international treaties, senior advocate Amit Desai, appearing for the firm, had said.