TMI Blog2022 (6) TMI 1395X X X X Extracts X X X X X X X X Extracts X X X X ..... Bot Scheme launched by the GIPL. Cheques said to have been issued in the matter were issued by one Karan Pal Singh. No amount has been credited in the personal account of the applicant. Thus, keeping in view the entire facts and circumstances of the case and comparing the same with the ingredients of alleged offences, the orders granting bail to co-accused Sanjay Goel, Satinder Singh Bhasin, Smt. Rekha, Dinesh Pandey and Vijay Kumar Sharma and also taking into consideration the settled principles of law for granting bail, without expressing any opinion on the merits of the case, the Court is of the view that the applicant has made out a case for bail. Let the applicant Manoj Tyagi involved in Case Crime Nos. 385 of 2019, 873 of 2019, 697 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e sheet. To substantiate this argument, learned counsel for the applicant referred to case diary and further submitted that no active role has been assigned to the applicant. Neither applicant was the Director or signatory of the Garvit Innovative Promoters Limited (in short 'GIPL') nor he induced at any point of time to the investors to invest money in Bike Bot Scheme. It was further submitted that nothing is on record collected by the investigating agencies to connect the applicant with the Bike Bot Scheme. Nothing was recovered from the possession of the applicant to connect him with the aforesaid Scheme. Prosecution launched against the applicant is also illegal, as Companies to which applicant was Director have not been arraign ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... No. (s) 3906 of 2021 and co-accused Satinder Singh Bhasin and Dinesh Pandey have been released on bail by this Court vide Criminal Misc. Bail Application Nos. 4012 of 2021 and 15797 of 2021. Similarly, co-accused Smt. Rekha and Vijay Kumar Sharma have also been released on bail by this Court vide Criminal Misc. Bail Application Nos. 10011 of 2021 and 16113 of 2021. Since charge sheet has been filed, entire evidence has been collected, no fruitful purpose would be served by keeping the applicant behind the bar. Hence, present applicant is also entitled for bail. On the other hand, Sri Manish Goyal, learned Additional Advocate General argued that though the applicant is not named in the F.I.R. yet he has also played active role in committ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 54 of the affidavit filed in support of bail application it was also submitted that applicant himself has admitted that he was the Director of the companies disclosed in this paragraph during the period when Bike Bot Scheme was launched. Averments have been made in the affidavit that settled amount entered into between the applicant companies and the owners of GIPL were not returned to the Companies of the applicant. Pendency of the matter before the Mediation and Conciliation Centre at Delhi High Court indicates that allegations levelled against the applicant are true. Applicant has participated in day-to-day affairs of the Companies concerned. He was actually in control of administrative and financial powers of the said Companies. It was ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Rs. 68,355/- per month with effect from 27.12.2018 but no amount was paid to him and when informant tried to contact the owner of the Company, namely, Sanjay Bhati and Videsh Bhati, he was misbehaved and was extended threat for dire consequences. Similar nature of F.I.Rs. have also been lodged in connected matters. In this matter, as is evident from the record, applicant is not named in the F.I.R. He was not the Director, Office Bearer or Manager of the GIPL. He was Director of sister companies of GIPL. There is no evidence to show that the applicant at any point of time induced or propagate to invest money in the Bike Bot Scheme launched by the GIPL. Cheques said to have been issued in the matter were issued by one Karan Pal Singh. No a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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