JUDGMENT

Amit Sharma, J.

1. The present application under Section 439 of the Code of Criminal Procedure, 1973 (`CrPC') read with Section 212(6) of the Companies Act, 2013 seeks grant of regular bail in Complaint Case No. 374/2022 titled Serious Fraud Investigation Office v. Bhushan Airways Services Pvt. Ltd. & Ors., registered under Section 120B read with Sections 417 and 420 of Indian Penal Code (`IPC'), Section 36(c) read with Section 447 of the Companies Act, 2013 (`Companies Act'); Sections 129 and 448 read with Section 447, and Sections 211 and 628 of the Companies Act, 1956, pending before the Court of the learned Additional Sessions Judge-03/Special Judge (Companies Act), Dwarka Courts, New Delhi.

Background

2. The Ministry of Corporate Affairs, Government of India (`MCA'), in exercise of its powers conferred under Section 212(1)(c) of the Companies Act, assigned the investigation into the affairs of Bhushan Power and Steel Ltd. (`BPSL'), its ten group companies and Bhushan Steel Limited (`BSL') with its two group companies to Serious Fraud Investigation Office (`SFIO'), vide order F. No. 5/5/2016/CL-II dated 03.05.2016.

3. The Director, SFIO, appointed officers of the SFIO