AMIT BHANDARI vs STATE OF NCT OF DELHI

Judgment text excerpt

* I N T H E H I G H CO U RT O F DE L H I AT NE W DE L H I Reserved on: February 10, 2026 % Pronounced on: March 10, 2026 + BAIL APPLN. 4622/2025 AMIT BHANDARI ....Applicant Through: Ms. Pallavi Bhatt & Mr. Akhilesh K. Singh, Advocates. Versus STATE OF NCT OF DELHI .....Respondent Through: Ms. Meenakshi Dahiya, APP for the State with Mr. Bhuman Bansal, Advocate Ms. Rachna Maheshwari and Ms. Mannu Bansal Advocates for complainant. Insp. Jaiveer Singh, PS: EOW. CORAM: HON’BLE MR. JUSTICE SAURABH BANERJEE JUDGMENT 1. By virtue of the present application under Section 483 read with Section 528 of the Bharatiya Nagarik Suraksha Sanhita, 20231, the applicant, namely Amit Bhandari seeks grant of regular bail in proceeding arising out of FIR No.129/2024 dated 01.11.2024 registered at Police Station Economic Offences Wing under Sections 316(5)/318(4)/336(3)/340(2) of the Bharatiya Nyaya Sanhita and Sections 65/66 of the IT Act. 1 Hereinafter referred to as ‘BNSS’ BAIL APPLN. 4622/2025 Page 1 of 6 Signature Not Verified Digitally Signed By:BABLOO SHAH Signing Date:10.03.2026 01:56:49 2. Succinctly put, an FIR was registered against the applicant and co- accused Vinay Negi2 on a complaint of Shri Jackie Varma, authorised representative of M/s. KNAB Finance Advisors Pvt. Ltd3, a fintech based digital lending platform. During internal examination of the company, it was discovered that though the company’s records showed successful disbursement of loans to its Clients, the actual borrowers had not received the sanctioned amounts, allegedly as the co-accused, who had joined the company as Assistant Manager (operations) and was entrusted with full access to the company’s Loan Management System, misused his access to forge disbursement-related emails, manipulated beneficiaries’ bank acco