2018 (8) TMI 1912

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....r contends that the petitioner has been in custody for nearly ten months now since 29th September, 2017 and is no more required for investigation. Co-accused Subhash Jindal has already been granted bail. The prime accused Narinder Jain is absconding till date and has not joined the investigation, thus trial is likely to take some time. In any case the main role is of Narinder Jain and Jitender Kumar and the petitioner has been deliberately roped therein. No complaint has been lodged by the bank that M/s Arihant Traders defrauded or cheated the bank. The loan secured by the bank was by lawful means. The petitioner is a professional being a Chartered Accountant, there is no other criminal involvement and no likelihood of his fleeing away from....

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....inder Jain approached him in his office at H-236, New Rajinder Nagar, New Delhi for selling the property in question i.e. Plot No.752, Udyog Vihar, Phase V, Gurugram, Haryana. When the complainant demanded the chain of original documents for the purpose of verification from Narinder Jain, he told him that there was a dispute between Manju Sehjpal and him in respect of the above stated property, that he was in dire need of money and he had applied for a loan from one mediator Pradeep Aggarwal from Punjab National Bank, Connaught Place Branch, New Delhi and the same was rejected on the ground of a letter given by Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) regarding rejection of permission to mortgage as the p....