K.C.Bhanu
Gowri Shanker Gupta – Appellant
Versus
State of Andhra Pradesh – Respondent
These criminal petitions are preferred challenging the common order dated 26.11.2012 in Crl. MP Nos.2722 of 2012, 2723 of 2012, 2809 of 2012 and 2810 of 2012, on the file of the IV Additional Metropolitan Sessions Judge, Hyderabad whereunder and whereby two petitions filed by the State and two petitions filed by the de facto complainant for cancellation of bail granted to the petitioners herein, in Crime Nos.23 of 2012 and 26 of 2012 of Central Crime Station (CCS), Detective Department (DD), Hyderabad are allowed.
2. Crime No.23 of 2012 of CCS, DD, Hyderabad is registered for the offences under Sections 406, 420 and 120B IPC alleging that M/s. Sweety Builders Private Limited represented by the petitioners/accused entered into a Memorandum of Understanding with second respondent/DLF Universal Limited in the year 2006 and received eleven crores of rupees for development of certain property and gave certain properties to DLF as security by way of mortgage, and it was found that the property given as security was not owned and possessed by the accused and yet, with a view to cheat, they showed such property as security and obtained money from DLF and used it for purposes other than
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