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SURYA PARTAP SINGH, J.

This petition for bail is the first petition, filed by the petitioner under Section 483 of ‘the Bharatiya Nagarik Suraksha Sanhita, 2023’. It has been filed with regard to a case arising out of FIR No.02 dated 01.01.2026, for the commission of offence punishable under Sections 318(4), 336(3), 338, 340(2) and 61(2) of Bharatiya Nyaya Sanhita, 2023, Police Station Sector-50, District Gurugram.

2. The abovementioned FIR came into being at the instance of Mr. Ashok Kumar, Managing Director, RAH Infotech Pvt. Ltd., hereinafter being referred to as ‘complainant’ only. It was alleged by the complainant that the representative of ‘Goel Group’, through the sale representative of complainant, had approached the complainant for supply of semiconductor and solar panel components. The ‘Goel Group’ represented that the material was urgently required and assured to make the payment of price of abovementioned goods within a period of 90 days. It was further represented that the material would be procured from ‘GH2 Solar Ltd.’, as the abovementioned Company only, used to work on ‘Letter of Credit’ (LC). It was also represented that the companies of ‘Goel Group’ were unable to issue ‘Letter of Credit’ due to financial constraints, and ensured timely payment of money to the complainant.

3. As per complainant, based upon the abovementioned representation, purchase orders were placed with the complainant by the Company of ‘Goel Group’, namely ‘HQ Lamps Manufacturing Co. Pvt. Ltd.’ and ‘M/s Goel Lightings’, both entities controlled by ‘Mr. Rakesh Goel’ (the father of petitioner). In furtherance of abovementioned inducement, the representatives of ‘Goel Group’ personally visited the complainant’s Gurugram Office and finalized the deal. According to complainant, during such meetings, the representatives of ‘Goel Group’ projected that they were established OEM/manufacturers with 20 years of experience and financially sound, but later on, the abovementioned claims were found to be false.

4. According to complainant, it was expressly represented that physical material would be supplied and delivered in ordinary course of business, however, upon detailed verification it had been conclusively established that no physical shipment of material had ever taken place, and that ‘GH2 Solar Ltd.’ never delivered any goods to ‘HQ Lamps Manufacturing Co. Pvt. Ltd.’. It was further revealed that ‘GH2 Solar Ltd.’ raised its material invoices with ‘Bill To’ as ‘RAH Infotech Pvt. Ltd.’ and the corresponding ‘Ship To’ as ‘HQ Lamps Manufacturing Co. Pvt. Ltd.’ (the Goel controlled entities), but actual transactions of goods never took place. As per complainant, by preparing the documents in the abovementioned fashion, the complainant was deliberately positioned as a financial intermediary, whereas there was no physical receipt/delivery/ movement of goods at the end of entities of Goel Group.

5. The complainant further alleged that on deeper scrutiny, it had been revealed that the entire transaction was originated and pre-structured by Goel-controlled entities, beginning from ‘VG Electronics Ltd.’, a company controlled by ‘Gaurav Goel’ S/o ‘Rakesh Goel’ (the petitioner herein), and that ‘GH2 Solar Ltd.’ acted in active connivance and conspiracy with the ‘Goel Group’. As per complainant, although the delivery-challans, transporter-bills, and e-way bills were produced to show movement of goods, but on independent verification of details by the complainant, it was found that the bills of transporter were forged and fabricated, because the transporters, named in the documents, either denied having transported any such material, or did not possess any corresponding record.

6. According to complainant, relying upon the abovementioned representation, ‘RAH Infotech Pvt. Ltd.’ paid Rs.55.55 crores to ‘GH2 Solar Ltd.’ through a 90-day ‘Letter of Credit’ and that towards partial discharge of their liability, ‘M/s Goel Lightings’, issued cheques amounting