HC grants interim anticipatory bail in alleged financial fraud case
30/06/2026
Srinagar, Jun 29: The High Court of Jammu and Kashmir and Ladakh has granted interim anticipatory bail to a man accused in a case registered at Police Station Tangmarg under provisions of the Bharatiya Nyaya Sanhita (BNS), observing that an interim case for protection from arrest was made out.
Justice Mohd Yousuf Wani passed the order in Bail Application No. 107/2026 filed by Firdous Ahmad under Section 482 of the Bharatiya Nagarik Suraksha Sanhita (BNSS), corresponding to Section 438 of the Code of Criminal Procedure, seeking pre-arrest bail in FIR No. 31/2026 registered under Sections 318(4) and 304(2) of the BNS.
Appearing for the applicant, advocates Naveed Bukhtiyar and Abrar Hussain Khan submitted that their client had been falsely implicated in a complaint arising out of a pre-existing business and financial transaction. They contended that the dispute was essentially civil in nature and had been given a criminal colour to exert pressure on the applicant.
The defence further argued that the allegations were based on documentary, electronic and banking records already available with the investigating agency and that no recovery was required from the applicant. It was also submitted that custodial interrogation was not necessary and that the applicant had no criminal antecedents, had deep roots in society, and was willing to cooperate with the investigation. The counsel also pointed out that co-accused persons had already been granted bail.
After hearing the submissions, the court observed that a case for grant of interim anticipatory bail was made out, subject to conditions. The court also referred to the Supreme Court decisions in Siddharam Satlingappa Mhetrevs State of Maharashtra and Sushila Aggarwalvs State (NCT of Delhi) relating to the principles governing anticipatory bail and protection of personal liberty. The court directed that in the event of his arrest, the applicant shall be released on furnishing a personal bond and surety of Rs. 50,000 each.
The applicant has been directed to cooperate with the investigation, refrain from influencing witnesses, remain present during trial proceedings, not leave the country without prior permission of the court, and not commit any similar offence during the pendency of the case. The matter has been listed for further hearing on July 22, 2026.
Share This Story |
|
Comment On This Story |
|
|
|
|