VIVEK PRATAP SINGH Vs. CENTRAL BUREAU OF INVESTIGATION

JUDGEMENT

(1.) The petitioner is apprehending his arrest in connection with CBI/EOW/Ranchi P.S. Case No. R.C. 10(S)/ 2014-EOW-R for the offence initially registered under sections 120 (B), r/w 420, 468 & 471 of the Indian Penal Code on the basis of complaint lodged by Shri Neeraj Raja Singh, Chief Manager, State Bank of India, SME Branch, City Centre, Sector-IV, Bokaro Steel City 827004 addressed to one S.K. Khare, Superintendent of Police/ C.B.I, EOW, Ranchi alleging therein that:

(2.) Learned counsel for the petitioner has submitted that that the petitioner is innocent and he has committed no offence. Further, it has been submitted that it is not in dispute that the loan had been sanctioned to the company after the opinion of its advocate and the valuation done by the government approved valuer had been chosen by the bank itself.

(3.) Further, it has been submitted that the petitioner is an honest and sincere business. Reunka Group of companies has altogether 5 companies namely; (I) Renuka Polysacks Pvt. Ltd (ii) Renuka Industries Pvt. Ltd. (iii) Balaji Laminator Pvt. Ltd (iv) Shirdi Sai Technopack Pvt. Ltd (v) Balaji Food and Masala Co.