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*

IN THE HIGH COURT OF DELHI AT NEW DELHI

Date of Decision: February 27^th, 2017

+

BAIL APPLN. 197/2017

PARVESH JAIN

..... Petitioner

Through

Mr.Sidharth Luthra, Sr. Adv. with

Mr.Ajay

Jain,

Adv.

with

Mr.Pranay Jain, Adv. & Mr.Aastha

Chopra, Adv.

versus

CBI (STATE)

..... Respondent

Through

Mr.Sanjeev Bhandari, Spl. P.P. for

CBI with Mr.Girraj, Investigating

Officer.

CORAM:

HON'BLE MR. JUSTICE P.S.TEJI

ORDER

P.S. TEJI, J

1.

The present bail application has been filed under Section 439

of the Code of Criminal Procedure by the petitioner for the grant of

regular bail in FIR No.RC 04(A)/2015/CBI/AC-III/ND, under

Sections 120B read with 420/467/468/471 IPC and Sections 13(2)

read with 13(1)(d) of the Prevention of Corruption Act.

2.

The facts, as emerging from the record, are that the FIR of

the instant case was registered by the CBI on 04.11.2015 on the

basis of a written complaint made by Mr.Rajender Singh, Dy.

General Manager of IDBI Bank Limited against the accused

Parvesh Jain, proprietor of M/s Jain Tex & Fab, Smt. Ruchi Jain,

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wife of Parvesh Jain and unknown persons for causing a loss of

Rs.10 crores to IDBI Bank Limited by way of criminal conspiracy,

imper