Rakesh Jain vs State - 2026 Supreme(SC) 105

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2026 Supreme(SC) 105

MANOJ MISRA, MANMOHAN
Rakesh Jain – Appellant
Versus
State – Respondent

Advocates appeared:
For the Appellant(s) : Mr Rauf Rahim, Sr. Adv. Mr Rajesh Kundani, Adv. Mr Ali Rahim, Adv. Mr Mohsin Rahim, Adv. Mr. Vikrant Singh Bais, AOR
For the Respondent(s): Mr. Anil Kaushik, A.S.G. Mr. Mukesh Kumar Maroria, AOR Mr. Gaurang Bhushan, Adv. Mr. Arkaj Kumar, Adv. Mr. Bhuvan Kapoor, Adv. Mr. Diwakar Sharma, Adv.

ORDER

1. Leave granted.

2. Heard learned counsel for the parties.

3. This appeal arises from an order of the Delhi High Court dated 21.07.2025 which rejects the prayer of the appellant for extension of interim bail in connection with FIR No. 200/2019, registered at P.S. Economic Offences Wing, District EOW, inter alia, under Section 409/ 120B IPC.

4. It appears that in respect of diversion of subsidy amount of about Rs.4.10 crore provided to a Company, namely, M/s Pragat Akshay Urja Limited, a First Information Report (FIR) was lodged implicating the Company and its Directors. The appellant is stated to be one of the Directors. Pursuant to the FIR, the appellant was taken into custody on 12.12.2019. Part of the subsidy amount i.e., Rs. 2,17,92,500 was deposited by the Company on 26.12.2019. Noticing the same and recording the statement made on instructions by the learned counsel for the appellant that remaining amount would also be deposited, the High Court granted interim bail to the appellant on 22.04.2020 on certain conditions. It appears that the main bail prayer of the appellant remained pending before the High Court, and the appellant continued to be on interim bail. However, ins

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