The Delhi High Court has granted bail to former CMD of the Amrapali Group of Companies Anil Kumar Sharma, who was arrested in a case of allegedly cheating homebuyers.
The High Court said a perusal of the charge sheet revealed that 50 witnesses have been cited by the prosecution and evidently, it is going to be a protracted trial and no useful purpose will be served by keeping him in custody.
“Keeping the law laid down by the Supreme Court in perspective and considering the fact that the petitioner [Sharma] has already undergone one-half of the maximum period of imprisonment specified for the offence under Section 420 [cheating] of the Indian Penal Code [IPC], I am of the view that the petitioner is entitled to the benefit of Section 436A CrPC which has been held to be a mandatory provision by the Supreme Court,” Justice Vikas Mahajan said.
