CELEBRATIONS vs MILI SINGH

Judgment text excerpt

* IN THE HIGH COURT OF DELHI AT NEW DELHI % Pronounced on: 28th June, 2025 + CRL.APPEAL 490/2025 M/s CELEBRATIONS Through its Proprietor Sh. Sumit Batra R/o Shop no. 2, Mini Central Market DDA Flats, Kalkaji New Delhi – 110019 .....Petitioner Through: Mr. Ruchir Batra and Mr. Uttam Verma, Advocates. versus MILI SINGH D/o Sh. Inder Neel Singh R/o B-18, First Floor DDA Flats, Kalkaji New Delhi - 110019 .....Respondent Through: Mr. Hem C. Vashisht, Advocate. CORAM: HON'BLE MS. JUSTICE NEENA BANSAL KRISHNA J U D G M E N T NEENA BANSAL KRISHNA, J. 1. Criminal Appeal under Section 378(4) read with Section 482 Cr.P.C. has been filed by the Appellant challenging the impugned Judgment dated 29.07.2020 vide which the learned MM, N.I. Act has acquitted the Respondent for an offence under Section 138 NI Act. 2. Briefly stated, the Petitioner/M/s Celebrations through its proprietor Mr. Sumit Batra filed a Complaint under Sections 138/142 NI Act. It is submitted that Mr. Sumit Batra was running its business from Shop No.2, Signature Not Verified Signed By:RITA CRL.APPEAL 490/2025 Page 1 of 14 SHARMA Signing Date:02.07.2025 14:33:58 Mini Central Market, DDA Flats, Kalkaji, New Delhi. The Respondent/Accused informed the Complainant that she was running Portfolio Management Scheme for which she collects money from small investors and after conducting thorough research, invests the money in shares of Blue Chip Companies through Stock Market. She assured minimum return of 10% per month on sum invested. He, induced and deceived by such representations of the Respondent, gave Rs.7,50,000/- from 22.08.2017 till 04.09.2017 to the Respondent for investing in stock market under Portfolio Management Scheme. On 21.09.2017, Respondent credited a sum of Rs.75,000/- in his account for the month of S