Delhi High Court Vls Finance Ltd vs State Nct Of Delhi And Ors on 24 May, 2024 * Reserved on: 19.03.2024 Pronounced on: 24.05.2024 + CRL.M.C. 8758/2023 & CRL.M.A. 7381/2024 VLS FINANCE LTD ..... Petitioner Through: Mr.Bharat Chugh, Mr.Jai Allagh, Mr.Maanish M. Choudhary, Mr.Ashok Kr. Sharma, Advs. versus STATE NCT OF DELHI AND ORS ..... Respondents Through: Mr.Aman Usman, APP for R1/State. Mr.Vijay Agarwal, Mr.Gurpreet Singh, Mr.Jatin S.Sethi, Advs. for R2. HON'BLE MR. JUSTICE NAVIN CHAWLA JUDGMENT 1. This petition has been filed under Section 482 of the Code of Criminal Procedure, 1973 (in short, 'Cr.P.C.'), challenging the Order dated 26.10.2023 (hereinafter referred to as the 'Impugned Order') passed by the learned Additional Sessions Judge05, Central District, Tis Hazari Courts, Delhi (hereinafter referred to as the 'ASJ') in Criminal Revision Petitions being Cr.Rev. 173/2022, 174/2022, 175/2022, 176/2022, 182/2022, 183/2022, 184/2022, 202/2022, 208/2022, 209/2022, 380/2022, 381/2022, 382/2022, and 383/2022 (hereinafter collectively referred to as the 'Revision Petitions'), Signature Not Verified Digitally Signed CRL.M.C. 8758/2023 Page 1 of 49 By:SUNIL Signing Date:24.05.2024 19:11:59 dismissing the application(s) filed by the petitioner herein seeking impleadment and to be heard in all the Revision Petitions pending before the learned ASJ. 2. The above Revision Petitions have been filed by the respondent nos. 2 to 10 herein against the Orders dated 07.03.2022 and 10.12.2021 passed by the learned Additional Chief Metropolitan Magistrate01, Central District, Tis Hazari Courts, Delhi (hereinafter referred to as the 'Trial Court') in Cr.No. 292282/2016 emanating from the FIR No.90/2000 registered at Police Station: Connaught Place, New Delhi under Sections 406/409/420/467/468/471/477A of the Indian Penal Code, 1860 (in short, 'IPC'); Cr.No. 291854/2016 emanating from FIR No.99/2002 registered at Police Station: Connaught Place, New Delhi under Sections 406/409/420/424/467/469 of the IPC and in Cr.No. 291292/16 emanating from FIR No.315/2005 registered at Police Station: Naraina, SouthWest District, Delhi under Sections 380/411 of the IPC, all titled State v. S.P. Gupta & Ors., whereby the learned Trial Court has framed charges against the revisionists/accused persons. Factual Matrix: 3. For the sake of convenience, the allegations in the FIR No.90/2000 are being referred herein, as the allegations in the other FIRs are almost similar, and in any case, for answering the question of law raised in the present petition, allegations in the FIR(s) are not really relevant. Signature Not Verified Digitally Signed CRL.M.C. 8758/2023 Page 2 of 49 By:SUNIL Signing Date:24.05.2024 19:11:59 4. The said FIR No.90/2000 has been registered on a complaint by the petitioner herein, alleging that around December, 1994, the accused persons approached the petitioner company with the proposal to finance a hotel project likely to be set up around Connaught Place, New Delhi. It is alleged that the accused represented to the petitioner company that they would invest Rs.21 crores towards equity share capital in the respondent no.2 company in case the petitioner compa