TaxTMI 
TaxTMI 
2022 (6) TMI 1395
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....is being treated as leading case. Heard Shri Swetashwa Agarwal, learned counsel for the applicant as well as Shri Manish Goyal, learned Additional Advocate General assisted by Shri Syed Ali Murtaza, learned A.G.A. for the State. It was submitted by the learned counsel appearing for the applicant that in this matter applicant is in jail since 20.12.2020. Applicant has no concern with the present matter. Neither applicant was named in the F.I.R. nor he was in picture till the submission of third charge sheet. To substantiate this argument, learned counsel for the applicant referred to case diary and further submitted that no active role has been assigned to the applicant. Neither applicant was the Director or signatory of the Garvit Innovat....
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....to ingredients of alleged offences, it was further submitted that if entire evidence collected by the Investigating Officer are also taken into consideration then also none of the witnesses interrogated by the Investigating Officer had made any allegation against the applicant at initial stage. Role of the applicant is distinguishable with the role of main accused. It was next contended that having identical role co-accused Sanjay Goel was granted bail by Apex Court vide Special Leave to Appeal (Cri.) No. (s) 3906 of 2021 and co-accused Satinder Singh Bhasin and Dinesh Pandey have been released on bail by this Court vide Criminal Misc. Bail Application Nos. 4012 of 2021 and 15797 of 2021. Similarly, co-accused Smt. Rekha and Vijay Kumar Sha....
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....with the liability merely on this basis that he was not named in the F.I.R.. Name of the applicant surfaced in the matter during investigation on the basis of evidence collected by the Investigating Officer. He was also involved in committing the present offence. He issued forged cheques in favour of investors which were bounced later on. It was also submitted that in the identical situation bail applications of co-accused B.N. Tiwari and some others have been rejected. Referring to paragraphs nos. 54 of the affidavit filed in support of bail application it was also submitted that applicant himself has admitted that he was the Director of the companies disclosed in this paragraph during the period when Bike Bot Scheme was launched. Averment....
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....gh, Sneh Lata Singh and Pratipal Singh invested an amount of Rs. 16,76,700/- out of which informant invested Rs. 4,34,700/-, Geeta Devi invested Rs. 4,34,700/-, Manju Lata Singh invested Rs. 1,86,300/-, Sneh Lata Singh invested Rs. 3,10,500/- and Pratipal Singh invested Rs. 3,10,500/- on 27.11.2018 in the Company Garvit Innovative Promoters Limited in its Bike Bot Scheme through Videsh Bhati and Sanjay Bhati. It was also alleged that as per the said Scheme informant was to be given an amount of Rs. 68,355/- per month with effect from 27.12.2018 but no amount was paid to him and when informant tried to contact the owner of the Company, namely, Sanjay Bhati and Videsh Bhati, he was misbehaved and was extended threat for dire consequences. Sim....