CBI court junks Choksi's plea against summons issued in Canara Bank loan fraud case

Legal actions against Mehul Choksi continue to develop over a significant loan fraud involving Canara Bank and a group of lenders. The case, which involves a sum of 55 crore rupees, has seen various court decisions over recent months. In April 2025, authorities at the Esplanade Magistrate Court in Mumbai issued a non-bailable warrant against Mehul Choksi. This warrant was issued as part of an investigation into the loan fraud case. A non-bailable warrant means that Choksi could be detained by the police and cannot secure bail unless the court decides otherwise. Following this, in July 2025, a special court set up by the Central Bureau of Investigation in Mumbai took a different step. The court decided to stay, or pause, the proceedings related to the case. The reason for this pause was that the court found the earlier court's order, which issued the warrant, lacked detailed reasoning. This means the special CBI court questioned whether the earlier decision was sufficiently clear and justified. As of February 2026, there has been no official confirmation from authorities about whether the CBI court rejected Mehul Choksi's plea. A plea is a formal request made by a defendant to change or challenge a legal decision. In this case, Choksi likely challenged the summons or the ongoing proceedings, but no definitive statement has been issued confirming the outcome. These events show a complex legal situation. The issuance of the warrant indicates serious concerns and steps to bring Choksi in for questioning or trial. However, the subsequent pause in proceedings suggests that the case is encountering legal processes that require further clarification and review. Why these developments matter is because they highlight the ongoing legal efforts to address the loan fraud case. The case involves a significant amount of money and multiple parties, including Canara Bank and other lenders. The outcome could influence future legal proceedings and recovery efforts related to the case. Important dates to keep in mind include the issuance of the warrant in April 2025 and the court pause in July 2025. Since then, there has been no official update on how the case will proceed. The official position remains that legal processes are ongoing, and no final decision has been publicly announced regarding the case or Choksi's current status in the legal proceedings. Authorities continue to follow established legal standards and procedures as they work through this case. In summary, the legal situation involving Mehul Choksi in the ₹55 crore loan fraud case is actively ongoing. Court actions have shown both steps to enforce the law and pauses to review legal grounds. The case remains a focus of attention as legal authorities work to resolve it within the framework of the law.