The Kathmandu District Court has ordered the release of businessmen Deepak Bhatt and Sulabh Agrawal on bail in three separate cases related to insurance and securities violations. However, the two will not be released immediately as they remain in judicial custody under a money laundering case.

A bench led by Judge Shiva Prasad Acharya ordered Sulabh Agrawal to furnish a bail of Rs 20 million and Deepak Bhatt Rs 15 million in the insurance-related case.

In another securities-related case, the court sought Rs 15 million in bail from Agrawal and Rs 10 million from Bhatt. In a separate securities case, Agrawal has been ordered to deposit an additional Rs 23 million as bail.

Despite the bail orders, both individuals will remain in custody because the Special Court had previously ordered their detention for trial in a money laundering case.

As a result, the detention order issued in the money laundering proceedings remains effective, preventing their immediate release even if the required bail amounts are deposited in the other cases.