IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH
Surya Partap Singh, J
Raju Bansal – Appellant
Versus
Serious Fraud Investigation Office – Respondent
CRM-M-33022-2025
| Table of Content |
|---|
| 1. petitioner sought anticipatory bail based on cooperation during investigation. (Para 1 , 2 , 3 , 4 , 5 , 6 , 7) |
| 2. respondent argued against bail, citing proclaimed offender status and aditya sarda ratio. (Para 8 , 9 , 10 , 11) |
| 3. factual background confirms no arrest occurred but proclamation was issued later. (Para 12 , 13 , 14 , 15 , 16 , 17) |
| 4. supreme court guidelines on non-custodial treatment of cooperating accused. (Para 18 , 19 , 20) |
| 5. evaluation of parity and factors favoring non-custodial trial participation. (Para 21 , 22 , 23 , 24 , 25) |
| 6. denial of anticipatory bail but providing liberty to surrender and seek recall of non-bailable warrants. (Para 26 , 27 , 28 , 29 , 30) |
SURYA PARTAP SINGH, J.
1. This petition under Section 482 of ‘the Bharatiya Nagarik Suraksha Sanhita, 2023’, hereinafter being referred to as “BNSS” only, has been filed by the petitioner for grant of anticipatory bail. The anticipatory bail, by virtue of present petition, has been sought with regard to a complaint case, bearing No. COMA/17/2021 dated 11.06.2021, titled as “Serious Fraud Investigation Office v. SRS Limited Etc.”, pending in the Court of learned Additional Sessions Judge-cum-Special Judge (designated under the Companies Act, 2013), Gurugram, hereinafter being referred to as “the trial Court” only. The above-mentioned complaint has been filed for the commission of offence punishable under Section(s) 439(2) read with Section 436(1)(a) and (d) read with proviso to Section 212(6) read with Section 212(14) of the Companies Act, 2013 read with Section 621(1) of the Companies Act, 1956.
2. Heard.
3. At the very threshold, it has been contended by learned counsel for the petitioner that the petitioner is a person who was never arrested by the Investigating Agency, i.e. the respondent, during the course of investigation despite the fact that during the course of investigation the petitioner had appeared before the authorities as and when called by them and participated in the investigation. According to learned counsel for the petitioner, since during the course of investigation the petitioner was never arrested, and on completion of investigation the complaint has already been filed, now the detention of petitioner in judicial lock-up is not likely to serve any purpose.
4. It has also been contended by learned counsel for the petitioner that otherwise also the role attributed to the petitioner in the commission of crime is not prominent role, and that on the basis of vague allegations only a trivial role has been attributed to him. According to learned counsel for the petitioner, the entire evidence, which has been collected by the Investigating Agency, is documentary in nature and therefore, the detention of petitioner in judicial lock-up is not likely to produce any fruitful result.
5. The learned counsel for the petitioner has further contended that otherwise also, in view of the fact that during the course of investigation, despite participation by the petitioner, he was not arrested by the Investigating Agency, in view of the mandate of the Hon’ble Supreme Court of India, in the case of “ Tarsem Lal Vs. Directorate of Enforcement Jalandhar Zonal Office” 2024 SCC OnLine SC 971, the petitioner has got a right to furnish bail bonds. According to learned counsel for the petitioner in the case of “Tarsem Lal” (supra) the Hon’ble Supreme Court of India, while dealing with a similar situation, has observed that once the investigation is complete and the cognizance on the complaint has been taken by the Court, the only purpose of seeking bail bonds, to be furnished by the accused, is to ensure his presence during the course of trial.
6. It has been further contended by learned counsel for the petitioner that there is no apprehension that if released on anticipatory bail, the petitioner will not participate in the trial to be conducted by learned Special Court (designated under the Companies Act, 2013). According to learned cou
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