Shyam Sharma v. State Of NCT Of Delhi
$~2-4(Appellate Side) * IN THE HIGH COURT OF DELHI AT NEW DELHI + BAIL APPLN. 2492/2025 SHYAM SHARMA ....Petitioner Through:
(Appearance not given) versus STATE OF NCT OF DELHI .....Respondent Through:
Mr. Manoj Pant, APP, SI Ashish Mr. Yashvir Singh Kadian, Adv. for Complainants + BAIL APPLN. 2502/2025 SHYAM SHARMA ....Petitioner Through:
(Appearance not given) versus STATE OF NCT OF DELHI .....Respondent Through:
Mr. Manoj Pant, APP, SI Ashish Mr. Yashvir Singh Kadian, Adv. for Complainants + BAIL APPLN. 2503/2025 SHYAM SHARMA ....Petitioner Through:
(Appearance not given) versus STATE OF NCT OF DELHI .....Respondent Through:
Mr. Manoj Pant, APP, SI Ashish Mr. Yashvir Singh Kadian, Adv. for Complainants
CORAM:
HON'BLE MR. JUSTICE JASMEET SINGH
O R D E R
% 21.11.2025 1.
These are second bail applications filed under Section 483 read with Section 528 of BNSS for grant of regular bail in FIRs Nos. 458/2017, 456/2017 and 457/2017.
2.
This Court vide order dated 20.12.2024 was pleased to allow the bail applications of the petitioner.
3.
Subsequently, the Complainant(s) moved a Criminal M.C. No. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.
423/2025, 424/2025 and 458/2025 seeking cancellation of the said bail on the ground that there was a material concealment by the petitioner of an MoU dated 27.01.2021. These petitions were allowed and the Order dated 20.12.2024 was recalled and the bail was cancelled. 4.
The allegations as per the FIRs is that the petitioner along with other directors of M/s Supras Homz floated a project namely, Paras city PH-I, later renamed as Suparas City PH-I, situated at Sector 39, Bhiwadi. The complainant(s)/investors had booked residential plots in the said project and in this regard, certain payments were made by them. However neither the petitioner delivered the said plots to the complainants nor any amount was returned by the petitioner. Hence the FIRs all dated 23.10.2017 came to be registered under Sections 420, 406 and 34 of the IPC, 1860. 5.
Mr. Yadav, learned counsel for the petitioner states that the out of the principal amount involved in the 5 FIRs being FIRs No. 456/2017, 457/2017, 458/2017, 459/2017 and 333/2018, which is approximately Rs. 70 lakhs, an amount of about Rs. 14.2 lakhs has already been handed over to the Complainant(s) and Rs. 20 lakhs is lying deposited with the Registrar General, Delhi High Court.
6.
The petitioner undertakes to give a road map to clear the amounts due and payable to the Complainant(s), within 6 months from the date of his release.
7.
Another factor which weighs with me is that the petitioner has already been in custody for about 30 months. The rights of the petitioner under Article 21 of the Constitution of India of expeditious trial are paramount. 8.
The Chargesheet has already been filed and the charges have yet not been framed. There is no likelihood of the trial ending in the near future. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.
9.
In view of the aforesaid, since the Chargesheet has already been filed, the petitioner has been in custody for more than 30 months and the petitioner has already paid/ deposited about 50% of the principal amount and is inclined to give a roadmap to clear the amounts outstanding, I am inclined to allow the present petitions.
10.
Hence, the present petitions are allowed and the petitioner is directed to be released on bail in FIRs Nos. 458/2017, 456/2017 and 457/2017. subject to the following terms and conditions:- a) The petitioner shall furnish a personal bond and a surety bond in the sum of Rs. 10,000/- each, to the satisfaction of the Jail Superintendent;
b) The petitioner will furnish his permanent address to the IO and in case he changes his address, he will inform the IO concerned; c) The petitioner shall not leave the country without permission from the competent Court and if the petitioner has a passport, he shall surrender the same to the Jail Superintendent; d) The petitioner shall not indulge in any act or omission that is unlawful or that would prejudice the proceedings in pending cases, if any; e) The petitioner will regularly participate in the proceedings before the Trial Court.
11.
Accordingly, the present petitions are disposed of. Copy of the order shall be sent to the concerned Jail Superintendent. 12.
Dasti.
JASMEET SINGH, J NOVEMBER 21, 2025/AS The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.