The Delhi High court has dismissed the bail plea of a man, who was accused of filing a false affidavit.
The accused posed as the director of a construction company, that allegedly declared liquidity to defeat the claims of its creditors.
Sanjay Tyagi, director of Nanda Tourism Corporation Limited, filed an application for anticipatory bail in the court of Justice Sanjiv Khanna.
In February 2009, Tyagi, in his affidavits, had asserted that he holds 70 per cent shares in the company, along with one Ram Autar Jindal.
Vijay Aggarwal and Rakesh Makhija, counsel for Arun Mehra, who is a key shareholder in Durga Builders, the parent company of Nanda Tourism said, "Tyagi and Jindal are both one person and they share the same residential address at Malviya Nagar."
The court noted that Tyagi just had a share of just 10 per cent in the said company, despite an affidavit filed, claiming 70 per cent stake in the company.
The court acknowledged the role of Mehra's counsels for producing documents, which lays bare the claims made by Tyagi.
Aggarwal told the court that owners of Durga Builders, R.K.Nanda and his wife Promila Nanda has concocted the news of winding up their operations.
"They had filed a series of false litigation in the name of Manjit Kaur in the trial court and High Court. They wanted to falsely liquidate the company to get the share of its real creditors," Aggarwal told the court.
"Sanjay Tyagi has committed various offences and is liable for his conduct of filing of false affidavit in the court," said Justice Khanna.