SHAMSHAD AHMAD vs STATE NCT OF DELHI

Judgment text excerpt

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI % Reserved on: 06th November, 2025 Pronounced on: 14th November, 2025 + BAIL APPLN. 1879/2025 SHAMSHAD AHMAD .....Petitioner Through: Mr. Aman Mehta, Advocate. versus STATE NCT OF DELHI .....Respondent Through: Mr. Utkarsh, APP for the State with IO. Dr. Alok, Aanchal Budhraja, Mr. Dhananjay Mittal, Ms. Smriti Walia, Mr. Mayank Deswal, Mr. Aryan Verma, Shivam, Advocates for victim. CORAM: HON'BLE MS. JUSTICE NEENA BANSAL KRISHNA J U D G M E N T NEENA BANSAL KRISHNA, J. 1. First Bail Application under Section 483 Bharatiya Nagarik Suraksha Sanhita, 2023 (hereinafter referred to as ‘BNSS’), seeking Regular Bail in FIR No. 57/2023 under Section 409, 420 and 120B Indian Penal Code, 1860 (hereinafter referred to as ‘IPC’), PS Economic Offence Wing, Delhi has been filed on behalf of the Applicant. 2. Briefly stated, a joint Complaint was filed by Mrs. Rakhi Anand, w/o Mr. Mukesh Kumar Anand, r/o SE-256 Shastri Nagar, Ghaziabad, Uttar Signature Not Verified BAIL APPLN. 1879/2025 Page 1 of 18 Signed By:VIKAS ARORA Signing Date:14.11.2025 18:14:30 Pradesh and other complainants. Pursuant thereto, FIR No. 57/2023 was registered Section 409, 420 and 120B IPC at PS Economic Offence Wing, Delhi. 3. As per the Complaint, it was alleged that agents/ business leaders of M/s Axis E-Corp Solutions Pvt. Ltd. (hereinafter ‘M/s Axis’) approached and induced Complainants to invest in Grocery Stores under the brand name “E- Store India” promising that the Company would provide material for the stores and assured lucrative returns and commissions. 4. It was further alleged that M/s Axis was operated through several sister concerns, including M/s Vedic Ayurcure Pvt. Ltd. The Applicant, Shamshad Ahmad, alleged to be a Director and shareholder in M/s V