New Delhi

A Delhi court has observed that the power to grant anticipatory bail is an extraordinary remedy and must be exercised sparingly, while rejecting a pre-arrest bail plea in an alleged investment fraud case.

Vacation Judge Sugandha Aggarwal was hearing the anticipatory bail application of accused Anand Tiwari, against whom the Special Cell of the Delhi Police had registered an FIR in connection with an alleged investment scam.

In an order dated June 18, the court said, “The power to grant anticipatory bail is an extraordinary remedy and is to be exercised sparingly.”

The court noted that the allegations in the case relate to an investment fraud involving a large sum of money, in which the complainant was allegedly induced to part with ₹50 lakh of hard-earned funds.

According to the investigation, the bank account of M/s Bullsera Private Limited was identified as one of the beneficiaries, having received part of the allegedly cheated amount. The accused was stated to be one of the directors of the said company.

The court further observed that despite being served notices twice, the applicant had not joined the investigation, which reflected non-cooperation with the investigating agency.

“The said conduct of the applicant reflects that he has not joined the investigation nor cooperated with the investigating agency,” the order stated.

Delhi Police informed the court that the investigation is at a preliminary stage and that custodial interrogation of the accused was necessary to uncover the full conspiracy and recover the remaining cheated amount.

The court also noted that the anticipatory bail plea of another director in the case had already been dismissed earlier.

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Finding no grounds to grant relief, the court rejected the application, stating that protection under anticipatory bail could not be extended to the accused at this stage.