Chhattisgarh High CourtCriminal Procedure and EvidenceCriminal Law

Anticipatory bail granted in multi-crore investment fraud case on grounds of parity with co-accused.

NIKHIL PRATAP SINGH @ DHRUWv.STATE OF CHHATTISGARH

Anticipatory bail granted in multi-crore investment fraud case on grounds of parity with co-accused.. NIKHIL PRATAP SINGH @ DHRUW vs STATE OF CHHATTISGARH. Chhattisgarh High Court. LawLens
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In brief

The question

Whether the applicant is entitled to the protection of anticipatory bail under Section 482 of the Bhartiya Nagarik Suraksha Sanhita, 2023, considering the nature of the allegations and the principle of parity with the co-accused

The court held

The High Court allowed the anticipatory bail application

It also directed

The court held that in the event of arrest, the applicant shall be released on executing a personal bond and one surety, subject to conditions including non-inducement of witnesses, regular appearance before the trial court, submission of Aadhaar verification, and a prohibition against committing similar future offences

01Facts

The applicant sought anticipatory bail regarding Crime No. 156/2025 involving allegations of a ₹7.40 crore investment fraud

¶ 1-2

The prosecution alleged that the applicant and co-accused induced approximately 120 investors into share trading via a firm called "Sarvoham Academy," misappropriated funds, and issued dishonoured cheques

¶ 2

The applicant contended he was merely a relative of the co-accused, ran an independent car wash business, and had no involvement in the financial firm or DEMAT accounts

¶ 3

He further noted that the primary co-accused, Akash Singh, had already been granted regular bail by the Supreme Court

¶ 3

02Issues

i.Whether the applicant is entitled to the protection of anticipatory bail under Section 482 of the Bhartiya Nagarik Suraksha Sanhita, 2023, considering the nature of the allegations and the principle of parity with the co-accused

¶ 1, 6

03Law Applied

The court primarily applied Section 482 of the Bhartiya Nagarik Suraksha Sanhita (BNSS), 2023, which governs the directions for grant of bail to persons apprehending arrest

¶ 1

The court also applied the principle of parity, observing that the Supreme Court had granted regular bail to the co-accused, Akash Singh, in SLP(Cr.) No. 15531 of 2025

¶ 4, 6

the court considered the Sections 318(4) (Cheating), 338 (Forgery/Valuable Security), and 61(2) (Criminal Conspiracy) of the Bhartiya Nyaya Sanhita (BNS) under which the FIR was registered

¶ 1

Provisions in the judgment · 4 · Linked ones open on LawLens

Bharatiya Nagarik Suraksha Sanhita, 2023 Section 482

Bharatiya Nyaya Sanhita, 2023 Section 318Section 338Section 61

04Reasoning

The court evaluated the facts and circumstances, specifically noting the applicant's defense that he operated an independent business (A2S Workshop) unrelated to the alleged share trading fraud

¶ 3

Highlighting the materials on record and the nature of the allegations, the court placed significant weight on the fact that the co-accused had already secured bail from the Apex Court

¶ 6

The court reasoned that since the investigation and trial were likely to be protracted, and there was no immediate evidence of the applicant being a flight risk, the liberty of the individual should be preserved subject to stringent conditions to ensure cooperation with the legal process

¶ 6-7

05Holding

The High Court allowed the anticipatory bail application

¶ 7

The court held that in the event of arrest, the applicant shall be released on executing a personal bond and one surety, subject to conditions including non-inducement of witnesses, regular appearance before the trial court, submission of Aadhaar verification, and a prohibition against committing similar future offences

¶ 7
Chhattisgarh High Court

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NIKHIL PRATAP SINGH @ DHRUWvsSTATE OF CHHATTISGARH

Chhattisgarh High Court · April 27, 2026

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