Bombay HC reprieve for Raymond boss in cheating case filed in Lucknow, Retail News, ET Retail
Four workers of Raymond Ltd, a public constrained company, its former chief executive officer Sanjay Behl and Singhania petitioned the HC to quash the FIR in UP which they submitted was “wrong and frivolous”. Their choice plea was to transfer investigation to the Thane police commissioner in Maharashtra as “no cause of action has arisen” in UP.
The transaction of a proposed appointment of a franchisee of the company in Lucknow was terminated final September, mentioned their petition argued by counsel Shyam Dewani. It mentioned the FIR was registered against them and four others, in excess of 6 months afterwards in March, by the spouse of proposed franchisee, allegedly “with a check out to harass and humiliate”.
A bench of justices R D Dhanuka and V G Bisht also heard more public prosecutor V B Konde-Deshmukh for Maharashtra and issued a notice to the point out of Uttar Pradesh and the complainant.
The bench adjourned the subject to September 22 and mentioned, “Till up coming day, there shall be advert-interim relief in conditions of pleas to continue to be the investigation into the Lucknow FIR and to direct UP police not to choose any coercive measures against them or go after a July 7 notice summoning them to go to the police station in Lucknow.”
The petition mentioned that soon after a letter of intent was sent by a company agent from Thane, Maharashtra, to a proposed franchisee in Lucknow for ‘The Raymond Shop’, soon after neighborhood multi-brand name outlets objected to the company, the letter of intent was cancelled. The FIR alleged that the informant’s spouse had received a 5-storey shop in Lucknow on lease for Rs one.seventy five lakh for every thirty day period.
The petition refuted all allegations and contended that the lease settlement was for Rs 80,000 but an “unlawful demand from customers” was lifted when the company available to make great the charges incurred for renovating the shop.