Sohin had been declared absconding by the Economic Offences Wing since the shoe scam came to light, and was reported to be in London. He had been accused in 7 cases.

Advocate S L Deshpande, appearing for Sohin Daya, told the court his client had been out of India for a long time and wasn't aware of his prosecution in the case. Once he came to know he was wanted, he decided to surrender. Deshpande also contended that his client should be given bail since all chargesheets in the case had been filed and investigations completed. Sohin had come back to India to face trial in the case and clear his name, he said. According to information available with police, the shop Big Deal owned by Sadruddin Daya is in the name of Sohin, who's alleged to have signed on someguarantee papers. Counsel for Mumbai police P R Namjoshi, opposing the bail plea, argued that Sohin was a wanted accused and needed to be in police custody, so that his role in the scam could be determined.

Sohin was released on the grounds that he would not leave the city without the court's permission and would report to the police for enquiry as and when required. Daya of Dawood Shoes, Rafique Tejani of Metro Shoes, and Kishore Signapurkar of Milano Shoes had been arrested and been in police custody for 78 days. The accused, along with their associates, had fraudulently formed several leather co-operative societies and used the same for availing loans worth crores and other benefits.