New Delhi, Jan 9 (IANS): A court here on Tuesday granted bail to Capacite Structures Managing Director Sanjay Kulkarni who was arrested in a case related to alleged irregularities in the India Trade Promotion Organisation (ITPO) redevelopment contract.

Special Judge Arvind Kumar granted bail to Kulkarni asking him to furnish a personal bond and a surety bond of Rs one lakh each.

The court on Monday granted bail to Ghaziabad-based middleman Rishabh Agrawal, another accused in the Rs 2,149.93 crore contract case.

The Central Bureau of Investigation (CBI) last month has registered a corruption and bribery case against NBCC CMD Anoop Kumar Mittal for ensuring that a portion of a Rs 2,149.93 crore contract awarded to Mumbai-based Shapoorji Pallonji and Co (P) Ltd. for redeveloping the ITPO Complex in the Pragati Maidan here be sub-contracted to another firm.

The FIR said that NBCC had awarded the Rs 2,149.93 crore contract to Shapoorji Pallonji for redevelopment of the ITPO complex into an integrated exhibition-cum-convention centre.

Mittal is accused of "strongly directing" his junior to ensure that a portion of the contract awarded to Shapoorji Pallonji by NBCC, a government enterprise under the Ministry of Urban Development, be given to another Mumbai-based firm, Capacite Structures Ltd.

Apart from Mittal, public servant Pradeep Kumar Mishra and mediator Aakash Deep Chouhan have also been booked under charges of bribery, criminal conspiracy.

The FIR said that Kulkarni approached Mishra through mediator Agrawal to get the deal in his favour.