Manish Kumar Vs the State NCT of Delhi

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IN THE HIGH COURT OF DELHI AT NEW DELHI

- BAIL APPLN. 522/2026

MANISH KUMAR .....Petitioner Through: Mr. Kumar Vaibhav, Mr. Yatharth Kansal, Mr. Dhananjay Yadav and Mr. Isaan Ojha, Advocates

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versus

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THE STATE NCT OF DELHI .....Respondent Through: Ms. Priyanka Dalal, APP for State Mr. Medhanshu Tripathi, Mr. Tushar Tokas, Ms. Arvinder Kaur and Ms. Aditi Singh, Advocates for complainant

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CORAM:

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HON'BLE MR. JUSTICE MANOJ JAIN

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CRL.M.A. 3926/2026 (for exemption)

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Exemption allowed, subject to all just exceptions.

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BAIL APPLN. 522/2026 & CRL.M.A. 6126/2026

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Applicant seeks regular bail in case FIR No. 120/2025 dated 03.11.2025, registered at Police Station Special Cell for commission of offences under Sections 308/318(4)/319/340 of Bharatiya Nyaya Sanhita, 2023 (corresponding Sections 415/420/416/470 IPC).

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Applicant is in custody since 17.11.2025. For some period in the interregnum, he was released on interim bail, primarily, on his own health grounds and medical condition of his son.

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Charge-sheet has, reportedly, been filed and one co-accused Tarun

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BAIL APPLN. 522/2026 1

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This is a digitally signed order.

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The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 20/04/2026 at 14:29:21

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Giri is already on bail.

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Status report has been filed by the prosecution, which has been perused.

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The complaint in question was made by one V.D. Nand Kumar, who claimed that in August 2025, he was contacted by unknown WhatsApp user. Eventually, he had videoconferencing with one person, who posed himself as Senior Research Analyst and shared some introductory note on future working . On the basis of various representations and assurances made to the complainant guaranteeing substantial returns, the complainant invested Rs. 4.65 crores. Accused persons had used a trading application known as MH Alpha Terminal which was designed to simulate fake trades and to deceive any such investor. The purpose of such fake platform was to create a false sense of security about the investment and according to complainant, the alleged profits were demonstrated to the tune of Rs. 43 crores and it was, later on only, that he realized that no trade whatsoever had taken place and said application was a complete fabrication, designed to immobilize his funds and block withdrawals.

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The aforesaid amount of Rs. 4.65 crores was transferred into 16 different bank accounts within a short span of two months.

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A sum of Rs. 20 lacs landed in one account of Nainital Bank, Agra.

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The account holder was M/s R.K. Enterprises and it was found registered in the name of Tarun Giri (co-accused herein).

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Said Tarun Giri as well as applicant Manish were arrested on 17.11.2025.

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Admittedly, accused Tarun Giri has already been enlarged on bail, who volunteered to deposit a sum of Rs. 10 lacs.

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BAIL APPLN. 522/2026 2

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This is a digitally signed order.

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The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 20/04/2026 at 14:29:21

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As per prosecution, accused Tarun Giri disclosed that it was applicant Manish Kumar, who had come up with the idea to earn money by selling bank accounts and that is how, he (Taun Giri) was added in a telegram group in which there were 10 members, including the applicant herein. Rest of the members were handlers who were instructing them regarding operation of bank accounts for the purposes of commission of offences.

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As per investigation, on 03.09.2025, applicant Manish Kumar had sent a URL of an application on Whatsapp to his co-accused Tarun Giri with direction to download the application. Once such application was downloaded, the applicant was able to take control of mobile device of Tarun Giri and started forwarding OTPs to the handlers.

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Clearly, applicant is found to be an active participant in the cyber fraud in question and several chats on Telegram and WhatsApp also indicate his active participation and complicity in the matter. He cannot seek any parity, with his co-accused.

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Though charge-sheet qua the applicant has already been filed but fact remains that investigation qua other accused is going on and his release on bail may hamper the ongoing investigation.

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Charges have yet not been framed either and, therefore, this Court does not find any reason to grant bail to the applicant, at this juncture. 16. Application is accordingly dismissed.

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MANOJ JAIN, J

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APRIL 16, 2026 /dr/sy

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BAIL APPLN. 522/2026 3

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This is a digitally signed order.

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The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 20/04/2026 at 14:29:21

Manish Kumar v. the State NCT of Delhi

Case brief

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Manish Kumar v. the State NCT of Delhi

Case brief

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What did the court decide?

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