MAHESH CHUGH vs STATE OF NCT OF DELHI

Judgment text excerpt

$~3 * IN THE HIGH COURT OF DELHI AT NEW DELHI % Date of Decision: December 02, 2025 + BAIL APPLN. 3554/2025 & CRL.M.A. 27954/2025, CRL.M.A. 27955/2025 MAHESH CHUGH .....Applicant Through: Mr. Pavan Narang, Senior Advocate with Mr. Anirudh D., Mr. Samarth K. Luthra, Mr. Shubh Kapoor, Ms. Aishwarya Chhabra and Mr. Manoviraj, Advs. versus STATE OF NCT OF DELHI .....Respondent Through: Mr. Sunil Kumar Gautam, APP for the State with SI Manjeet, PS Kishangarh. Mr. Ajay Chaudhary and Mr. Madhav Chaudhary, Advs. for the complainant. CORAM: HON'BLE MR. JUSTICE AMIT MAHAJAN AMIT MAHAJAN, J. (Oral) 1. By the present bail application, the applicant seeks pre- arrest bail in FIR No. 377/2024 dated 25.12.2024, registered at Police Station Kishan Garh, for offences under Sections 420/467/468/471/120B of the Indian Penal Code, 1860. 2. Succinctly stated, M/s Rama Auto Cars was constituted on 04.04.2001 as a partnership firm, with M/s Kalu Ram Builders Limited holding 80% share and Complainant/Sh. Dharam Pal Signature Not Verified Signed By:SHIKHA BAIL APPLN. 3554/2025 Page 1 of 12 SEHGAL Signing Date:02.12.2025 20:27:20 Singh holding 20% share. The co-directors of M/s Kalu Ram Builders included Applicant/Mr. Mahesh Kumar Chugh and one Mr. Naresh Kumar. 3. The aforementioned FIR was registered on a complaint given by the complainant/Sh. Dharam Pal Singh, alleging that during the arbitral proceedings initiated by M/s Kalu Ram Builders through it’s Directors i.e. the Applicant and Sh. Naresh Kumar in February 2024, the complainant discovered that his shareholding had been illegally diluted by the Applicant and Naresh Kumar, without proper approval of other partners/directors in the year 2010 and 2011. 4. It is alleged that Mahesh Kumar Chugh and Naresh Kumar, unilaterally on 31.03.2010 ha