SHRI NAR SINGH SHAH vs STATE

Judgment text excerpt

$~1 * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of decision: 19.02.2025 + BAIL APPLN. 398/2022, CRL.M.A. 20544/2024, CRL.M.A. 30267/2024 & CRL.M.A. 30268/2024 SHRI NAR SINGH SHAH .....Petitioner Through: Mr. Ashvin Vaish and Mr. Rajat Pahwa, Advocates. versus STATE .....Respondent Through: Mr. Laksh Khanna, APP for the State. SI Mukesh Kumar, P.S. AGS/Crime Branch. % CORAM: HON'BLE MS. JUSTICE MANMEET PRITAM SINGH ARORA ORDER MANMEET PRITAM SINGH ARORA, J (ORAL): 1. The present application has been filed under Section 439 of the Criminal Procedure Code, 1973 (Cr.P.C.) seeking grant of regular bail in FIR No. 119/2021, registered at Police Station (P.S.) Crime Branch under Sections 420/406/506/467/468/471 and 201 of Indian Pena Code, 1860 (IPC). Brief facts forming subject matter of FIR No. 119/2021 2. It is stated that one Mr. Ankur Bajoria, took a loan from Union Bank for his business. It is stated that the said loan account was declared as Non- performing Asset (NPA) in 2019. It is stated that the said Mr. Ankur Bajoria was trying to settle the NPA account with the bank but was unable to do so. Signature Not Verified Signed By:HEMANT PRATAP SINGH BAIL APPLN. 398/2022 Page 1 of 15 Signing Date:20.02.2025 11:55:36 It is stated that the Applicant herein, who was known to the father-in-law of Mr. Ankur Bajoria i.e., Dr. Alok Aggarwal/complainant, got to know about the said NPA account and offered to help in repaying the loan. It is stated that the Applicant represented to Dr. Alok Aggarwal that he has contacts in the concerned bank and he can persuade the said bank to enter into a settlement for repayment of half or one-third of the principal and interest amount due under the NPA loan account. 2.1. It is stated that the Applicant in October, 2019 informed to Dr. Alok A