100 crore Bizongo Investment Fraud Case – Punjab and Haryana High Court Gants Bail to Accused
In a significant legal development, the Hon’ble Punjab and Haryana High Court, presided over by Mr. Justice Jasjit Singh Bedi has granted regular bail to Mr. Souvik Sengupta, former Non-Executive Additional Director of Smartpaddle Technology Private Limited (Bizongo). The case stems from registration of multiple FIRs alleging a massive investment fraud of nearly ₹100 crore, perpetrated against several investors in the company.
The Accused was represented by Karanjawala & Co. Advocates, led by Mr. Sandeep Kapur, Senior Partner, Mr. Irfan Muzamil and Mr. Rishabh Munjal, who had briefed Mr. R.S. Cheema, Senior Advocate.
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The State was represented by Ms. Diya Sodhi, Sr. DAG, Haryana.
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