Final Order 4

Order Details: COPY OF JUDICIAL PROCEEDINGS
Pdf Text: IN THE COURT OF SH.AMIT BANSAL
ASJ-02, PATIALA HOUSE COURT, NEW DELHI
Bail Matter Nos. 1026/2026 and 1101/2026
1. State Vs. Vishal Durgadas Bachal
2. State vs. Pranav Jalinder Guldagad
e-FIR No. 24/2025
P. S : Cyber South West, Delhi
U/s : 318(4)/112(2)/61(2) BNS
O R D E R
21.05.2026
1. This common order shall dispose of two applications under Section
u/s 483 BNSS filed on behalf of applicants/accused persons, namely,
Vishal Durgadas Bachal and Pranav Jalinder Juldagad for grant of regular
bail. Both the said applications are being taken up together for disposal
vide this common order as they pertain to the same case.
2. Replies to the bail applications have already been filed.
3. I have already heard the arguments and perused the record
including the trial court record.
4. Ld. Counsel for the applicants/accused persons has submitted that
applicants are in judicial custody in this case since 29.01.2026, they have
have been falsely implicated in the present matter, they are not the main
Bail Matter Nos. 1026/2026 and 1101/2026
1. State Vs. Vishal Durgadas Bachal
2. State vs. Pranav Jalinder Guldagad
e-FIR No. 24/2025
P. S : Cyber South West, Delhi
U/s : 318(4)/112(2)/61(2) BNS
Page No.6 of 6
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beneficiaries of the alleged amount in question rather they are the victim
in the present matter and that applicants are not required for further
investigation as the charge sheet has already been filed. It was stated that
the applicants are not a flight risk and there is no apprehension of
influencing or threatening the witnesses. He submitted that any condition
may be imposed and that the applicants/accused persons may be admitted
to bail in this case.
5. Ld. Addl. PP for State has submitted that the accused persons
were close associates of of co-accused Shridhar Dilip Ingle and collected
mule accounts from different account holders and further provided these
accounts to the said co-accused. He submitted that the applicants also
provided their respective Bank of Maharashtra bank account and other
bank accounts to fraudsters wherein total 4 NCRP complaints were found
recorded against the alleged bank accounts with respect to applicant
Jalinder Guldagad and 3 NCRP complaints were found recorded against
the bank accounts with respect to applicant Vishal Durgadas Bachal.
6. The case of the prosecution in nutshell is that the present
FIR was registered on the complaint of Sh. Novin Rai made on NCRP
portal on 04.09.2025 alleging that on 07.07.2025, he had opened an OTC
account in the name of Nextbillion Technology Private Limited (which is
the former name of Groww Invest Tech Private Limited) for the purpose
of investing in the stock market. After opening the account, he was
Bail Matter Nos. 1026/2026 and 1101/2026
1. State Vs. Vishal Durgadas Bachal
2. State vs. Pranav Jalinder Guldagad
e-FIR No. 24/2025
P. S : Cyber South West, Delhi
U/s : 318(4)/112(2)/61(2) BNS
Page No.6 of 6
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contacted by an assistant, namely, Parineeti Jain, whose contact number is
8348452495 and the phone numbers mentioned below were active in their
group 8596917586, 8763310338, 8513973607, 8437081033,
9775870562, 9647112589, 9434891985, 9134205825, 9647272585,
8300381458, 8609878552, 8897590857 and 8436905719. He stated that
after two months, he came to know that the company is not a legal entity
and it has been misleading him and committing fraud. He stated that he
had paid a total amount of Rs.12,22,670/- for investment purposes.
7. The role of applicant/accused Vishal Durgadas Bachal is to
the effect that he is close associate of accused Shridhar Ingale and
collected mule accounts from different account holders and further
provided these accounts to accused. He also provided his bank account
No.7722021902 maintained with Bank of Maharashtra and other bank
account to fraudsters and in total 3 NCRP complaints were found
recorded against the alleged bank accounts.
7.1 The role of applicant/accused Pranav Jalinder Guldagad is
to the effect that he worked for accused Shridhar and withdrew the
cheated amounts from mule accounts and further settled that amount to
sale/purchase of USDT as directed by Shridhar on commission basis and
help the accused to run the cyber syndicate smoothly. He also provided
his Bank of Maharashtra bank account no. 60530821562 and his other
Bail Matter Nos. 1026/2026 and 1101/2026
1. State Vs. Vishal Durgadas Bachal
2. State vs. Pranav Jalinder Guldagad
e-FIR No. 24/2025
P. S : Cyber South West, Delhi
U/s : 318(4)/112(2)/61(2) BNS
Page No.6 of 6
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bank accounts to fraudsters and total 4 NCRP complaints were recorded
against the said bank accounts.
8. It has been submitted that that both the applicants/accused
persons are in custody in this case since 29.01.2026. Ld. Counsel for the
applicants has stated that applicants have no criminal antecedents and the
applicants are also not a flight risk. IO upon enquiry has submitted that
the accused Vishal Durgadas Bachal used to provide mule accounts to co-
accused Shridhar on commission basis for operating cyber syndicate
while accused Pranav Jalinder Guldagad withdrew the cheated amount
from mule accounts and further settled that amount to sale/purchase of
USDT as directed by co-accused Shridhar on commission basis. He
stated that cheated amount with respect to the present case was not
credited in the accounts of the applicants/accused persons. He further
stated that both the applicants are not required for any further
investigation.
9. It is an admitted position by the IO that the cheated amount
was not credited in the accounts of the applicants/accused persons. The
applicants/accused persons are in custody in this case since 29.01.2026
i.e. they have suffered a custody of about 3 months and 22 days. The
charge sheet has already been filed and it seems that they are not required
for any further investigation. The applicants are stated to have clean
antecedents. The prosecution has also not raised any serious
Bail Matter Nos. 1026/2026 and 1101/2026
1. State Vs. Vishal Durgadas Bachal
2. State vs. Pranav Jalinder Guldagad
e-FIR No. 24/2025
P. S : Cyber South West, Delhi
U/s : 318(4)/112(2)/61(2) BNS
Page No.6 of 6
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apprehension that if applicants are admitted to bail then they are flight
risk or they may tamper with the evidence. In view of the above said
discussion, totality of the facts and circumstances of the case and period
of custody of applicants, no fruitful purpose would be served by keeping
the above said applicants in further custody. The applicants/accused, 1)
Vishal Durgadas Bachal and 2) Pranav Jalinder Juldagad are thus
admitted to bail on furnishing a personal bond in the sum of Rs.40,000/-
each with one surety of the like amount each subject to the satisfaction of
Ld. CJM/Ld.Trial Court/Ld.Duty JMFC subject to the following
conditions:
a) The applicants/accused persons shall be regular to appear before
ld.Trial Court during the trial of the case.
b) The applicants/accused persons shall not commit any similar
offence or any offence while on bail.
c) The applicants/accused persons shall not make any inducement,
threat or promise to any witness or person acquainted with the facts
of the present case and shall not try to tamper with any evidence.
d) The applicants/accused persons shall not misuse the liberty of bail
in any manner and shall not flee from justice.
e) The applicants/accused persons shall not leave India without the
prior permission of the ld. Trial Court.
10. It is clarified that if the applicants/accused persons would
violate any of the above said conditions of bail then the prosecution or the
Bail Matter Nos. 1026/2026 and 1101/2026
1. State Vs. Vishal Durgadas Bachal
2. State vs. Pranav Jalinder Guldagad
e-FIR No. 24/2025
P. S : Cyber South West, Delhi
U/s : 318(4)/112(2)/61(2) BNS
Page No.6 of 6
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investigating agency shall be at liberty to move an application for
cancellation of bail of the accused persons.
11. The observations as made in this order are only for the
disposal of the present bail applications and these shall not be any
reflection on the merits of the case.
12. The present bail applications are disposed of accordingly.
13.
Copy of this order be given dasti and be also sent to the
concerned Jail Superintendent for necessary information.
14. Signed copy of this order be placed in both the files.
15. Trial court record be sent back along with copy of the order.
(Amit Bansal)
Roster Judge, ASJ-02
NDD/PHC/New Delhi
21.05.2026
Bail Matter Nos. 1026/2026 and 1101/2026
1. State Vs. Vishal Durgadas Bachal
2. State vs. Pranav Jalinder Guldagad
e-FIR No. 24/2025
P. S : Cyber South West, Delhi
U/s : 318(4)/112(2)/61(2) BNS
Page No.6 of 6
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