9911796707
TMI Blog2000 (7) TMI 1007X X X X Extracts X X X X X X X X Extracts X X X X ..... eged that after maturity of deposits, repayments have not been made despite persistent demands, though he was given categoric assurance that the money would be refunded after the maturity of deposits. It is also alleged that like the complainant hundreds of other investors had deposited their life time savings with the Hoffland Group of Companies. In most cases neither the principal nor the interest amount has been refunded despite all kind of assurances. A number of FIRs have been lodged against the petitioner, against B.B. Sharma (Chairman Managing Director) and others and they are pending in various courts all over the country. 3. In the petition, it is stated that the petitioner is a highly qualified young man of 28 years and is a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... titioner can't be kept in custody without trial indefinitely. 6. Learned counsel for the petitioner stated that when the co-accused, K.C. Aggarwal has been granted bail then there seems to be no justification in detaining the petitioner. Learned counsel for the petitioner has drawn my attention to the orders passed by the Supreme Court in Crl. Writ. Petition No. 256/99 tilted V.K. Sharma Vs. Union of India, decided on 28.3.2000 and some other cases of similarly placed accused. The Lordships of the Supreme Court released accused V.K. Sharma who had collected hundreds of crores from thousands of investors and hundred of FIRS and complaints are pending against him in various parts of the country, on the ground that the accused is in cus ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ady deposited. iii. The petitioner shall not leave the National Capital Territory of Delhi without prior permission of the court unless he is required by any other court to remain present in any case. iv. The petitioner shall not interfere with the investigation and trial of this case in any manner. v. The petitioner shall not directly or indirectly intimidate, allure or influence the prosecution witnesses in any manner whatsoever. 9. It is however, abundantly made clear that in case the indulgence granted to the petitioner by this court is misused in any manner then the respondent would be at liberty to move this court for cancellation of the bail granted to the petitioner. This petition is accordingly disposed of. 10. Da ..... X X X X Extracts X X X X X X X X Extracts X X X X
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