9911796707
TMI Blog2021 (11) TMI 161X X X X Extracts X X X X X X X X Extracts X X X X ..... checked, but no clues were found. The allegations are apprehending his arrest the petitioner too had shifted his residence at various locations and ultimately was arrested from a hotel at Faridabad, Haryana. Even one of the co-accused A.K. Sirohi, a joint managing director was granted interim bail to perform last rites of his mother, but did not surrender, rather is declared a proclaimed offender. The allegations are the accused company has been giving undertakings to various Courts from time to time to settle or pay the amount to victims, but all such undertakings have been violated and if the petitioner is granted bail, the possibility of his again absconding from justice, as shown by his previous conduct, cannot be ruled out. A chart ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h Mr. Raghavendra Mohan Bajaj, Mr. Agnish Aditya, Ms. Rudrali Patil, Ms. Arshiya Ghose, Advocates for complainants-Ashish Dhawan and Kumar Sambhav Sultania. Mr. Vikram Singh Jakhar, Mr. Akash Jha, Advocates for complainant-Ms. Mamta Bahl. YOGESH KHANNA, J. 1. This petition is filed under Section 439 Criminal Procedure Code (hereinafter referred as Cr P C) for regular bail to petitioner in case FIR No.103/2019 registered under Section 420/406/120B IPC at police station Economic Offence Wing. 2. This order be read in continuation of earlier order dated 27.09.2021. The learned senior counsel for the petitioner argued an inquiry was initiated on a complaint dated 05.02.2019 against the petitioner. On 11.06.2019 the present FIR was ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... evidence. 6. The State filed its status report stating inter-alia the petitioner herein was a director of the company and an authorised signatory of its bank accounts wherein the amounts received from the investors were deposited. Many more complaints have been received with same allegations against the petitioner and his company and it is alleged all accused persons used the funds of complainant and other investors to develop their personal Real Estate Projects, other than the one offered. It is alleged by adopting this modus operandi, the petitioner siphoned off the funds of complainants in his other companies. 7. The petitioner is involved in five cases of NI Act and three other FIRs of similar nature are still pending investigati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... residence at various locations and ultimately was arrested from a hotel at Faridabad, Haryana. Even one of the co-accused A.K. Sirohi, a joint managing director was granted interim bail to perform last rites of his mother, but did not surrender, rather is declared a proclaimed offender. The allegations are the accused company has been giving undertakings to various Courts from time to time to settle or pay the amount to victims, but all such undertakings have been violated and if the petitioner is granted bail, the possibility of his again absconding from justice, as shown by his previous conduct, cannot be ruled out. 11. A chart presented by petitioner before this Court is though to the effect he has spent more than the amount received ..... X X X X Extracts X X X X X X X X Extracts X X X X
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