IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH Date of decision : 22^nd December, 2025 Mukesh Modi ...Petitioner Versus Serious Fraud Investigation Officer ...Respondent CORAM: HON'BLE MRS. JUSTICE MANISHA BATRA Present: Mr. Vikram Chaudhary, Senior Advocate with Mr. Keshavam Chaudhary, Advocate for the petitioner.

Mr. Neeraj Poswal, AAG, Haryana.

Ms. Puneeta Sethi, Senior Panel Counsel for SFIO.

Mr. J. S. Lalli, Deputy Solicitor General of India with Mr. Manish Verma, Advocate for the respondent – UOI.

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MANISHA BATRA, J :-

The instant petition has been filed by the petitioner under Section

439 of Cr.P.C. for grant of regular bail in Criminal Complaint No. 3 of 18.05.2019, bearing CIS No. COMA/05/2019, titled as SFIO vs. Adarsh Build Estate Ltd. And others, filed under Sections 120-B, 417, 418, 420 and 477A of IPC, Sections 211(7), 227 and 628 of the Companies Act, 1956 and Sections 147 and 447 of the Companies Act, 2013(for short, ‘Companies Act’), pending in the Court of the Sessions Judge, Gurugram.

2. The aforementioned complaint has arisen out of order dated 20.06.2018 passed by the Central Government through Ministry of Corporate Affairs (hereinafter referred to as ‘MCA’) wher