Vipin Sanghi, J.

1. The applicant Dr. Rajesh Aeren has preferred the present application u/s 438 Cr PC for grant of anticipatory bail apprehending arrest in case FIR No.0006/2015 registered on the complaint of Deepak Kumar and Bharat Bhushan Kumar at PS EOW, Mandir Marg, New Delhi under section 406/420 read with section 120B IPC. The said complaint pertained to the investment made by the complainant in a real estate development company of the applicant, viz. Aeren Entertainment Zone Pvt. Ltd. (AEZPL). AESPL was undertaking development of an integrated mall in the name “Festival City Mall” on the outskirts of Ludhiana City in the State of Punjab (hereinafter referred to as the project). The complainants entered into 23 agreements to sell on 30.07.2008 for purchase of 13 shops on the ground floor and 10 shops on the first floor. The bail application preferred by the applicant was dismissed by the learned ASJ on 30.05.2015.

2. The applicant states that he is the Vice Chairman of a group company, namely, M/s Aeren R Enterprises Pvt. Ltd. He claims that the said company has a reputation in the real estate field, and that the applicant belongs to a respectable family of Delhi. He