Film producer Shrikant Mohta was granted bail by the Supreme Court on Monday, almost two years after he had been arrested from his office in Calcutta in connection with a Rose Valley default case.

The court granted the bail on medical grounds, considering that Mohta had suffered two strokes for which he was being treated initially at the SCB Medical College and Hospital in Cuttack and later at AIIMS, Bhubaneswar.

Mohta had been lodged in Bhubaneswar jail since his arrest by the CBI in January 2019. His bail petitions had been rejected several times until Monday.

Co-owner of the Shree Venkatesh Films, Mohta is expected to reach Calcutta either on Tuesday or Wednesday.

“We had complete faith in India’s judicial system and hoped for the best. We did not lose hope and always worked towards it. Finally, we got the good news. We, his family, friends and employees are elated on this news,” co-founder and director of SVF Mahendra Soni told The Telegraph sometime after Mohta was granted bail on Monday.