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2026 Supreme(All) 315

HIGH COURT OF JUDICATURE AT ALLAHABAD LUCKNOW
SUBHASH VIDYARTHI
Ram Narain Mehrotra – Appellant
Versus
State of U.P. – Respondent


Advocates Appeared:
For the Appellant : H.D.Srivastava, Abhinav Srivastava, Abhishek Bhasin, Anurag Verma, Nadeem Murtaza, P Chakrawarti, Suresh Chandra Srivastava, Virendra K Shukla
For the Respondent:Govt. Advocate, A S Rakhra, Anurag Kumar Singh, S.B.Pandey

Table of Content
1. case background and initiation of appeal (Para 1 , 2 , 3 , 4)
2. details of banking fraud and conspiracy (Para 5 , 6 , 7 , 8 , 9 , 10)
3. arguments for leniency due to age (Para 11 , 12 , 13)
4. legal analysis on application of probation (Para 15 , 16 , 17 , 18 , 19)
5. final ruling on conviction and probation (Para 20 , 21)

JUDGMENT :

1. Heard Shri Abhinav Srivastava, the learned counsel for the appellant and Shri Anurag Kumar Singh, the learned counsel for the respondent- C.B.I.

3. The appeal was admitted by means of an order dated 12.09.1998, the appellants were ordered to be released on bail and the payment of fine was also stayed pending disposal of the appeal.

5. Briefly stated, the prosecution case arises out of alleged banking frauds committed by three firms during the year 1972 to 1975. One of the three firms- M/s Guru Prasad Ram Prasad, Kanpur, was reconstituted in the year 1965 and its partners were Ram Narain Mehrotra, Guru Prasad Mehrotra, Jageshwar Prasad Mehrotra and Nirankar Nath Mehrotra. The second firm- M/s MT and Company was constituted on 08.01.1972 and its active partners were Ram Narain Mehrotra and Anil Kumar Tandon, Onkar Nath Mehrotra was Manage

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