Order 15

Order Details: COPY OF JUDICIAL PROCEEDINGS
Pdf Text: ____________________________________________________________________________________________
CBI vs. M/s ALLIED STRIPES LTD. & ORS. Page No. 1 of 4
CC No. CBI/88/2024
RC-E0003 2022
CBI vs. M/s ALLIED STRIPES LTD. & ORS.
08.04.2026
Present: Sh. Arjun Anand, Ld. PP for the CBI through VC.
IO/ASP Gulshan Mohan Rathi, CBI, EO-I, New
Delhi in person.
Accused no. 1 is M/s Allied Stripes Ltd.
[represented through counsel Sh. Guneet Sidhu
(through VC) and Sh. Aakash Deep Singh (appeared
in the court) for Jindal Steels, who had taken over
the company in IBC proceedings].
Accused no. 5 is M/s Sweta Agrochem Pvt. Ltd.
Accused no. 6 is M/s Diksha Viniyog Pvt. Ltd.
Accused no. 7 is M/s Survi Commotrade Pvt. Ltd.
Accused no. 8 is M/s Prominent Vyapaar Pvt. Ltd.
Accused no. 9 is M/s Chandramukhi Vinijya Pvt.
Ltd.
Accused no. 10 is M/s Sai Sahara Commercial Pvt.
Ltd.
Accused Supriya Roy, Sushil Purohit, Mohinder
Kumar Aggarwal @ M.K. Aggarwal, Gaurav
Aggarwal, Sunita Aggarwal, Dhruva Narayan Jha
and Ajay Goel through VC.
Accused Bikash Mohapatra @ Prashant, Aditya
Kumar Kedia and Pankaj Kumar Kedia in person.
Sh. Awanish Kumar and Ms. Garima, Ld. counsels
for accused Aditya Kumar Kedia.
Ms. Shelly Dixit, Ld. for accused A-2 to A-10.
Sh. Shekhar Kumar and Sh. Himanshu Bidhuri, Ld.
counsels for accused Pankaj Kumar Kedia.
Sh. Saurabh Pal, Ld. counsel for accused Sushil
Purohit and Dhruva Narayan Jha (Fresh
vakalatnamas filed on record).
Sh. Sharan Mehta, Ld. counsel for accused Ajay
Goyal.
Sh. Shekhar Kumar, Ld. counsel for accused Pankaj
Kumar Kedia.
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CBI vs. M/s ALLIED STRIPES LTD. & ORS. Page No. 2 of 4
Sh. Aditya Raj and Sh. Pratham Diwakar, Ld.
counsels for accused Supriya Roy.
Sh. Rakesh Rao, Ld. counsel for accused Bikash
Mohapatra @ Prashant (Fresh vakalatnama filed on
record).
Matter is listed today for furnishing of bail bonds by
accused Supriya Roy and Pankaj Kumar Kedia/filing of regular
bail applications on behalf of remaining accused persons/scrutiny
of documents.
Ld. counsels for accused Bikash Mohapatra @
Prashant and Aditya Kumar Kedia have filed applications
seeking grant of regular bail. Copy supplied.
The application is orally contested by Ld. PP for the
CBI. It is stated by Ld. PP for the CBI that he has no objection in
allowing the present regular bail applications filed by the accused
Bikash Mohapatra @ Prashant and Aditya Kumar Kedia.
Arguments on the bail applications have been heard.
Perusal of the file reveals that accused Bikash
Mohapatra @ Prashant and Aditya Kumar Kedia were not
arrested during the investigation. Charge sheet has already been
filed. No purpose will be served by detaining them in custody at
this stage. Therefore, in view of the aforesaid facts and
circumstances, accused Bikash Mohapatra @ Prashant and
Aditya Kumar Kedia are admitted to bail on furnishing of their
personal bonds in the sum of Rs. 50,000/- with one surety in the
like amount subject to the conditions that: -
(i) accused/applicants shall not indulge in the offence/s of the
same nature.
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CBI vs. M/s ALLIED STRIPES LTD. & ORS. Page No. 3 of 4
(ii) accused/applicants shall not influence the witness/s and
shall join the further investigation and appear in the court
as and when directed to do so by the authorities concerned.
(iii) accused/applicants shall not hamper with the further
investigation, if any, in any manner.
(iv) accused/applicants shall not leave India without prior
permission of this court.
Bail applications stand disposed of.
Ld. counsels for accused Pankaj Kumar Kedia and
Supriya Roy have filed applications for release of both the
accused on the personal bonds. Copy supplied.
The applications are opposed by Ld. PP for the CBI.
Submissions on the applications have been heard.
Considering the facts and circumstances of the
present case and the fact that both the accused persons are
permanent resident of the State of West Bengal and both the
accused persons are unable to arrange for a surety, the instant
applications are allowed.
Bail Bonds on behalf of accused Pankaj Kumar
Kedia and Aditya Kumar Kedia have been furnished. The same
are considered and accepted. Original FDRs be retained on
record. Concerned banks be intimated and directed to mark a lien
on the said FDRs and file a compliance report before the court.
Ld. counsel for Jindal Steels (who overtake A-1 as
his subsidiary company) has filed under Section 227 CrPC r/w
Section 32A of IBC seeking discharge. Copy supplied. Let reply
to the said application be filed on the NDOH.
All accused persons, who have not furnished bail
bonds and not filed regular bail applications till date, are directed
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CBI vs. M/s ALLIED STRIPES LTD. & ORS. Page No. 4 of 4
to appear in person on the NDOH, otherwise adverse action
would be taken against them.
Put up for furnishing of bail bonds by the accused
whose bail applications have been allowed/filing of regular bail
applications by other accused persons/scrutiny of documents/
reply/arguments on the abovesaid application on 19.05.2026.
(Mayank Goel)
ACJM-02-cum-ACJ
RADC/New Delhi/08.04.2026
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