{"id":235823,"date":"2021-12-03T14:53:17","date_gmt":"2021-12-03T09:23:17","guid":{"rendered":"https:\/\/www.indialegallive.com\/?p=235823"},"modified":"2021-12-04T13:04:22","modified_gmt":"2021-12-04T07:34:22","slug":"allahabad-hc-grants-bail-to-man-accused-of-cheating-embezzling-investors-of-rs-3-8-crore-through-fake-company","status":"publish","type":"post","link":"https:\/\/www.indialegallive.com\/constitutional-law-news\/courts-news\/allahabad-hc-grants-bail-to-man-accused-of-cheating-embezzling-investors-of-rs-3-8-crore-through-fake-company\/","title":{"rendered":"Allahabad HC grants bail to man accused of cheating, embezzling investors of Rs 3.8 crore through fake company"},"content":{"rendered":"\n
The Allahabad High Court<\/a> has granted conditional bail to Sumit Awasthi, accused of cheating and embezzling Rs 3.8 crore from investors through a fake company. The accused\/applicant was an employee in Biomass Research and Technical Solution Private Limited, which manufactures of food supplements for poultry farms, since 2005.<\/p>\n\n\n\n The single-judge bench of Justice Shekhar Kumar Yadav noted, <\/p>\n\n\n\n “If an accused in another FIR leveling similar allegations had been enlarged on bail by Supreme Court and details in this regard are given about the alleged bail orders mentioning the date of the orders, the bail application number, then, of course, it could be argued that there is the likelihood of the applicant being released on bail because it is the normal practice of most Courts that if an accused had already been granted bail in other similar matters having similar contents of FIRs, then the applicant should ordinarily be granted bail.”<\/span><\/p><\/blockquote>\n\n\n\n Counsel appearing on behalf of the applicant submitted that the applicant is innocent and has been falsely implicated in the case due to ulterior motives. In another similar matter, against the bail rejection order dated November 27, 2018 passed in Criminal Misc Bail Application (Sumit Awasthi vs. State of UP), in respect of applicant, arising out of Case under Sections 408, 420, 467, 468, 471 IPC and 63 Copyright Act and 68\/69 of Trade Mark Act at Police Station Kotwali District Kanpur Nagar, the applicant Sumit Awasthi approached before Supreme Court by filing Special Leave Petition (Criminal), which was disposed of order dated August 17, 2021 granting bail to him. <\/p>\n\n\n\n