# NIRMAL BHANWARLAL JAIN & ORS. vs STATE OF NCT OF DELHI & ANR.

Court: Delhi High Court
Date: 2026-05-18
Citation: CRL.M.C.-9407/2023 2026:DHC:4510
Petitioner: NIRMAL BHANWARLAL JAIN & ORS.
Respondent: STATE OF NCT OF DELHI & ANR.

[Official PDF on Delhi High Court website](https://delhihighcourt.nic.in/app/showFileJudgment/60918052026CRLMM94072023_115446.pdf)

## Judgment text (excerpt)

$~68, 69, 96, 97, 98 & 99 * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision: 18th May, 2026 CRL.M.C. 9407/2023 NIRMAL BHANWARLAL JAIN & ORS. .....Petitioner Through: Mr. Ratnil Chauhan, Mr. Vedant Sharma, Advocates along with Ms. Mamta Singh and Mr. Harsh Vardhan Pathak, AR of petitioners versus STATE OF NCT OF DELHI & ANR. .....Respondents Through: Mr. Sunil Kumar Gautam, APP for State/R-1 Mr. Ravi Krishan Chandna, Ms. Shruti A. Chandna and Mr. Udbhav K. Garg, Advocates for R-2 along with Mr. Ranjan Tiwari, AR of R-2 CRL.M.C. 9535/2023 IIFL SECURITIES LIMITED .....Petitioner Through: Mr. Ratnil Chauhan, Mr. Vedant Sharma, Advocates along with Ms. Mamta Singh and Mr. Harsh Vardhan Pathak, AR of petitioners versus STATE OF NCT OF DELHI & ANR. .....Respondents Through: Mr. Sunil Kumar Gautam, APP for State/R-1 Mr. Ravi Krishan Chandna, Ms. Shruti A. Chandna and Mr. Udbhav K. Garg, Advocates for R-2 along with Mr. Ranjan Tiwari, AR of R-2 1. Three different complaints were filed by complainant GHCL Employees Stock Option Trust. These were registered as Complaint Nos. 40882/2016, 42868/2016 and 42830/2016 and when all such complaints were taken up by the concerned Magisterial 

https://niyam.ai/judgements/high-court/2026/may/nirmal-bhanwarlal-jain-ors-vs-state-of-nct-of-delhi-anr