ANITA vs STATE (NCT OF DELHI)

Judgment text excerpt

$~82 * IN THE HIGH COURT OF DELHI AT NEW DELHI % Date of Decision: 20.01.2025 + BAIL APPLN. 194/2025 ANITA .....Petitioner Through: Counsel (appearance not given) versus STATE (NCT OF DELHI) .....Respondent Through: Mr. Manoj Pant, APP for the State. CORAM: HON'BLE MS. JUSTICE SWARANA KANTA SHARMA JUDGMENT SWARANA KANTA SHARMA, J (ORAL) 1. The present bail application has been filed under Section 482 of the Bharatiya Nagarik Suraksha Sanhita, 2023 (hereafter ‘BNSS’) on behalf of the applicant, seeking grant of anticipatory bail in case arising out of FIR bearing no. 63/2024, registered at Police Station Economic Offences Wing, New Delhi, for offences punishable under Sections 406/420/467/471/120B of the Indian Penal Code, 1860 (hereafter ‘IPC’). 2. Issue notice. The learned APP accepts notice on behalf of the State 3. Briefly stated, the facts of the case are that a complaint was lodged by Sh. Natansh Kumar Pal, Authorized Signatory of Deutsche Signature Not Verified BAIL APPLN. 194/2025 Page 1 of 7 Digitally Signed By:AANCHAL TAGGAR Signing Date:24.01.2025 11:28:12 Bank AG, against M/s Satsai International Designer Private Limited (‘Borrower’) and its directors, Mr. Sumit Kumar, Mr. Satish Kumar, Ms. Asha Devi, and Ms. Anita (present applicant). The complaint revolves around a working capital loan extended to the Borrower by Deutsche Bank AG (‘Complainant Bank’). In January 2019, the Borrower had sought a cash credit loan of Rs. 1,30,00,000/-. The loan was secured by mortgaging the 2nd floor of property No. 95, D-Block, Sector-8, Dwarka Residential Scheme (‘Property No. 1’), owned by Ms. Asha Devi, who provided the security in her capacity as a director of the Borrower. The loan granted by the Complainant Bank was in the nature of a takeover, as it was used to repay an