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2021 (1) TMI 117 - HC - Companies LawSeeking grant of anticipatory bail under Section 438 Cr.P.C - increase in the price of shares on the basis of valuation certificate - Allegation that the investors were allured and induced on the basis of forged valuation certificate/report allegedly prepared by Kamini Sehgal, CA, while Kamini Sehgal has denied her signature on Annexure P-2 i.e. valuation certificate - Learned Public Prosecutor further submitted that the forged original valuation certificate has not been recovered from the petitioner so far, therefore, question of comparison of signature appearing on the said valuation certificate vis-a-vis. the admitted signatures of Kamini Sehgal, CA does not arise. HELD THAT:- Both the parties have argued the case with reference to numerous documents. While dealing with the anticipatory bail, I refrain myself from commenting upon legality and veracity of these documents, lest it may prejudice the case of the parties during trial - At this stage, I would not like to comment upon genuineness of the assertion and denial by the parties based on these documents, but in any case, keeping in view the nature of allegations surfaced in respect of forged valuation certificate, I deem it appropriate not to grant any indulgence in favour of the petitioner. Custodial interrogation of the petitioner is required. Therefore, this petition is found to devoid of merits and is accordingly dismissed.
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