ROHIT GAGERNA vs STATE OF NCT OF DELHI

Judgment text excerpt

$~1 * IN THE HIGH COURT OF DELHI AT NEW DELHI % Date of Decision: 09.02.2026 + BAIL APPLN. 49/2026 ROHIT GAGERNA .....Petitioner Through: Mr. Utkarsh Kumar, Advocate. versus STATE OF NCT OF DELHI .....Respondent Through: Mr. Amit Ahlawat, APP for State with Inspector Ashish Dubey, Inspector Anand Prakash and SI Ranvijay Singh, PS Cyber Central. CORAM: JUSTICE GIRISH KATHPALIA J U D G M E N T (ORAL) 1. The applicant/accused seeks regular bail in case FIR No. 11/2025 of Police Station Cyber Central for the offence under Section 318(4)/3(5) BNS 2023. 2. Broadly speaking, the allegation against the accused/applicant is as follows. On the complaint lodged by one Manish Tandon regarding a financial fraud of Rs. 23,75,437/- in the name of investment in stock market BAIL APPLN. 49/2026 Page 1 of 5 pages Digitally signed by GIRISH KATHPALIA DN: c=IN, o=HIGH COURT OF DELHI, GIRISH 2.5.4.20=8401dd889b27a77b2f65ffffe4af ec45569af3962c6fb4835d435f97626cac ca, ou=HIGH COURT OF DELHI,CID - Signature Not Verified KATHPALIA 7047638, postalCode=110003, st=Delhi, serialNumber=d3e86796451ec45c07b5 d15570996b40f80cbd2eee60402c48796 5ff801e26fa, cn=GIRISH KATHPALIA Date: 2026.02.09 17:51:38 -08'00' Digitally Signed By:NEETU N NAIR Signing Date:09.02.2026 17:57:41 through fake trading application, the FIR was registered. In the course of investigation, 58 fraudulent transactions amounting to the total tune of Rs. 23,75,437/- were discovered. The trail of money led the investigators to find influx of Rs. 12,100/- in the HDFC Bank Account maintained by M/s Storeroom Solution Pvt. Ltd., which is the company registered in the names of Nitin Gagerna (brother of the accused/applicant) and Chetan Rana (friend of the accused/applicant). From that account the amount was transferred to CSB Account in t