The Bombay High Court on Friday accepted that the health condition of Nationalist Congress Party leader Nawab Malik, arrested in an alleged money laundering case, was serious and agreed to hear his bail application on merits from the next week.

Malik was arrested on February 23, 2022, under the Prevention of Money Laundering Act (PMLA) by the Enforcement Directorate (ED) in connection with property transactions allegedly linked to fugitive gangster Dawood Ibrahim and his aides.