2020 (9) TMI 77

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....406, 409 and 34 of Indian Penal Code, 1860. The prosecution The prosecution story in short was that the complainant had lodged a report against Ravi Tiwari and the present applicant - Neeraj that these two persons, purporting to be the Directors of AUBY Satellite Communication Private Limited Company, told the complainant that they are having tie-up with two very big Companies namely; INTELSAT and EUTELSAT for the purposes of providing mobile data which is made affordable to the customers for a fee. The complainant was shown the photocopy of agreement and was told that on investing 32.00 lakh dollars, returns are as much high as 38.00 lakh dollars and, thus, the profit margin would be up-to 8.00 lakh dollars. The applicant thereby all....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t it had been given by other Director and the complainant would be entitled to receive his money back only after the submission of Audit report which has not been submitted so far. On these grounds, anticipatory bail has been sought. Learned counsel on behalf of complainant/objector has submitted that the complainant was told that there was a tie-up between the applicant Company and other two Companies but no such agreement was shown to him. In response, learned counsel for the applicant has invited the Court's attention to the document which are placed on record and which is purportedly agreement between INTELSAT Company and the Company of applicant. Further, such agreement has also been shown to be executed between TECTEL Infowa....