$~3 * IN THE HIGH COURT OF DELHI AT NEW DELHI % Date of Decision: 10.03.2026 + BAIL APPLN. 549/2025 RAVI .....Petitioner Through: Mr. Anuj Chauhan, Mr. Sunil Yadav and Ms. Geetika Verma, Advocates.

versus STATE OF NCT OF DELHI .....Respondent Through: Mr. Amit Ahlawat, APP for State with Inspector Vishal Choudhary, PS EOW.

CORAM: JUSTICE GIRISH KATHPALIA J U D G M E N T (ORAL)

1. The accused/applicant seeks regular bail in case FIR No. 273/2019 of Police Station EOW for offence under Section 406/409/420/120B IPC.

2. This bail application for the first time was listed before the predecessor bench on 10.02.2025 and thereafter, remained pending before different benches. Today, the application has come up before me for the first time. I have heard learned counsel for accused/applicant and learned APP for State assisted by IO/Inspector Vishal Choudhary.

3. Broadly speaking, the prosecution case is that the accused/applicant along with four others were running a company namely Star Global Star Limited and they induced 156 individuals to invest in the said company BAIL APPLN. 549/2025 Page 1 of 4 pages D Si i g gi n ta a l t l u y r S e i g N n o ed t Verified G KA IR T I H SH P ALIA DD25ops0cD e n .6 9 uo iN a 5 r g = 9 9 =s t i .:4 a i e t a 6G t H c al . : f a b 2 N = I 3 lI 2R l CG 4 0I 9 u 0 y I N 0 o = H S 6 m 2 f s, d H 82 6 8 i C o be g 4c . 0K = 0 O=e 06 n cA3 H r 1f 1U e b= b .T d 1 1 Id d R G 4 d H 0 d 0 2 T b 8 3 H 0 P 8 e 1 3 y O e0 A 8 e 7 C 5 83 G F 9 eL: O d 6 1 , b I6 I D A 4 7 R s 5 U2 0 tE3 9 I : R = 7 4 4 S L5 6 H a 0 T 2 DHf 4 7 2 9 O - e5 I K 7 c 0 7,lC 1 AF 4 h b 7 6 e I 8 T i ' 22D D 0 ,c 7 H f6 4 E 0 6 - 9 c P 5 L ' 5 7 6 a AH c f 0c 50 LI c4 f , 7 I a A 7 e 8b ,6 4 05 3 a 1d f 8 e e 1 , 2 c 56 4 5f 5 7a, involved in business of fisheries, floriculture and plantation of medicinal trees, assuring them high returns. The accused persons including the accused/applicant collected almost Rs. 13.4 Crores from innocent investors and after siphoning off the funds, all the accused persons fled away. Adopting the same modus operandi, the accused persons cheated various individuals, which led to registration of five more cases of similar nature across the country.

4. Learned counsel for accused/applicant submits that he is innocent and has been falsely implicated in this case. It is submitted by learned counsel that the accused/applicant is in jail for past four and a half years and trial will take a long time to conclude. It is also submitted by learned counsel that there is no evidence to show that the accused/applicant personally contacted any of the victims of the fraud or collected any money from anyone. Learned counsel for accused/applicant also contends that co-accused Rajesh Kumar Laura has already been granted bail by a coordinate bench on

07.11.2024, so the accused/applicant deserves the same relief by parity.

5. Learned APP for State strongly opposes the bail application, taking me through the record and contends that there can be no parity between Rajesh Kumar Laura and the present accused/applicant because against the present accused/applicant there is a charge of offence under Section 409 IPC, which was not against Rajesh Kumar Laura. It is further submitted by learned APP that the present accused/applicant was a Director as well as authorized signatory of the said company and for the criminal breach of trust, he has been charged for offence under Section 409 IPC which is BAIL APPLN. 549/2025 Page 2 of 4 pages Digitaly signed by GIRISH KATHPALIA GIRISH D 2. N 5. : 4 c .2 = 0 IN = , 8 o 4 = 0 H 1d IG d H 8 8 C 9 O b U 2 R 7a T 7 O 7 F b 2 D f E 6 L 5 H f I, e4afe Signature Not Verified c o 4 u 5 = 5 H 6 I 9 G a H f3 C 9 O 62 U c R 6 T f b O 4 F 8 D 35 E d L 4 H 3 I, 5 C f I 9 D 7 - 6 7 2 0 6 4 ca 7 c 6 c 3 a 8 , , KATHPALIAp se o r s ia ta lN lC u o m d b e= er 1 = 1 d 0 3 0 e 0 8 3 6 , 7 st 9 = 6 D 4 e 5 l 1 h e i, c 45c07b5d1 Digitally Signed 5 0 5 1 7 e2 0 6 9 f 9 a 6 , b c 4 n 0 = f G 80 IR c I b SH d2 K e A e T