Special CBI Judge Bharat Parashar granted bail to HEPL's two Directors, Ujjal Kumar Upadhaya and Bikash Mukherjee, and its senior official N C Chakraborty, on a personal bond of Rs one lakh each and one surety of like amount.
The court has now fixed the matter for April 4 for the scrutiny of documents.
After taking cognisance of CBI's charge sheet in the case on February 5, the court had summoned four accused, including the company, for alleged offences under sections 120-B (criminal conspiracy) and 420 (cheating) of IPC.
CBI has chargesheeted HEPL, Upadhaya and Mukherjee in the case but the judge had said "though CBI has not chargesheeted N C Chakraborty in the present case but I do not find myself in agreement with the said conclusion drawn by CBI".
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Ltd (EMTA) had entered into a joint venture (JV) with Himachal Power Corporation Ltd to establish a power project in West Bengal and the company was named M/s Himachal EMTA Power Ltd.
It has said HEPL, through its January 10, 2007 application, had applied for allotment of Gourangdih ABC coal block.
It has alleged that regarding project status, it was stated by the firm that out of the total land of 160 hectares required for establishing the power project, 80 hectares was already acquired and it had applied for the remaining land.
It has said the West Bengal government had not recommended HEPL's name to MoC for the coal block and instead recommended West Bengal Mineral Development Trading Corporation.
It has alleged that after the West Bengal government had sought information about the status of certain aspects from applicant companies, Chakraborty had submitted the present status of the firm and the proposed end-use project.
CBI has said that the screening committee, in its September 13, 2007 meeting, chose to recommend allocation of Gourangdih ABC coal block jointly in favour of M/s HEPL and M/s JSW Steel Ltd.
The court had then directed that Chakraborty's name be deleted from the list of witnesses filed by CBI.