ORDER :

1. Heard the learned Counsel for the parties.

2. The legality, propriety and correctness of an order dated 11 May 2023 passed by the learned Additional Sessions Judge, Vasai in Criminal Misc. Application No.123 of 2022 preferred by the Respondent No.2 whereby the pre-arrest bail granted to the applicant by an order dated 10 August 2021 passed in ABA No.552 of 2021 came to be cancelled and a non-bailable warrant issued against the applicant – accused, is assailed in this application.

3. Shorn of superfluities, the background facts can be stated as under :

3.1 Santosh V. Soans - first informant, lodged a report with Manikpur Police Station with the allegations that he was induced by the applicant and the co-accused Amit Jain and Yogesh Bhalerao to invest an amount of Rs.10 Lakhs in the scheme floated by Aaj Edu Plus Consultancy Pvt. Ltd. (the financial establishment), of which Amit Jain and Yogesh Bhalerao were the directors, by making a false representation of lucrative returns. Later, the Respondent No.2 and other investors were also defrauded in similar fashion to the tune of Rs. 8 Crores approximately. The applicant was working as a Sales Manager at the said company and had m