​Yes Bank co-founder Rana Kapoor has been granted bail in a significant loan fraud case involving Ezeego One Tours and Travels Ltd (EOTTL), a subsidiary of the now-defunct travel company Cox & Kings. A special CBI court in Mumbai approved his bail on April 23, 2025, noting that the Central Bureau of Investigation (CBI) had not arrested Kapoor before filing the charge sheet and had not demonstrated the necessity of his custody during the trial .​Moneylife+4

The case revolves around allegations that Kapoor, during his tenure as CEO and MD of Yes Bank, colluded with EOTTL executives to extend credit facilities totaling ₹946.44 crore despite the company’s weak financial position. The funds were allegedly diverted to discharge liabilities of the parent company, Cox & Kings .​

Kapoor and several senior executives of Cox & Kings, including Anil Khandelwal, Naresh Jain, Manisha Amarapurkar, Subramanyam Ganesh, and Hardik Valia, were granted bail. The court observed that the prosecution had not provided evidence to suggest that their release would hinder the progress of the trial .​

This development marks a notable point in the ongoing legal proceedings related to the financial irregularities at Yes Bank and its associated entities.

Sources