Office Notes, reports, orders or S N L o . .

Date p d r i o re c c e t e io d n in s g a s n o d r COURT’S OR JUDGE’S ORDERS Registrar’s order with Signatures BA1 No. 492/ 2024 Hon’ble Manoj Kumar Tiwari, A.C.J.

Mr. Paritosh Dalakoti, Advocate, for the applicant.

Mr. K.S. Bora, Deputy AG, for the State.

(2) Having been arrested in connection with FIR No. 293 of 2023, registered under Section 420 IPC in PS Haldwani, District Nainital on 5.6.2023, present bail application has been moved on behalf of the accused applicant.

(3) Allegation against the accused applicant in the FIR is that he duped complainant’s friends and relatives by promising very high returns on the investment made in Vidit Akshya Vision Nidhi Ltd, which was headed him.

(4) Learned Counsel for the applicant submits that as many as seven FIRs including present one were registered against the applicant, who has been bailed out in all other FIRs except this one. Learned Counsel for the applicant submits that complainant himself did not suffer any financial loss. He further submits that co-accused Ms. Ankita Joshi has been granted bail by this Court and applicant is also entitled for bail on the ground of parity. He further submits that applicant is also entitled for bail considering long incarceration as he is in jail since 14.9.2023.

(5) Learned State Counsel, however, opposed the bail application by contending that applicant, who was the Managing Director of the aforesaid financial institution, by conspiring with other co-accused persons, duped poor gullible persons. He further submits that applicant alone had the power of withdrawal and he withdrew the entire amount from the account of the said financial institution. He further submits that after investigation, police submitted chargesheet under Section 409, 420, 120B IPC and Section 3 UPID Act against the applicant.

(6) Having heard the rival submissions and considering the facts and circumstances of the case, and without any comments on the merits of the case, the Court is of the view that applicant deserves bail at this stage.

(7) Accordingly, bail application is allowed. Let the applicant be released on bail on his executing a personal bond and furnishing two sureties, each in the like amount, to the satisfaction of the Magistrate/Court concerned, before whom, he shall also surrender his passport, if he has the one. The applicant shall also furnish his mobile number and correct address to the SHO, PS Haldwani and shall keep the same updated. He shall mark his presence in the said police station once in every fortnight.

( Manoj Kumar Tiwari, J.)

4.9.2025 Pr PRABODH KUMARDiNg:tca=2lI0y s,5o.n9edGb1CPRABTO+FHK'3UMN,ou=IGCFKND,2.540=3a89f17c6eb9d, postlC=UTARKHNDrialumb0C1E8A6B94F52739E, cn=PRODHKUM