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StarAgri Warehouse Case: MP High Court Rejects Anticipatory Bail Pleas Of Nilesh, Chetna Khandelwal

Sendhwa (Madhya Pradesh): The Indore Bench of Madhya Pradesh High Court rejected the anticipatory bail applications of Nilesh Khandelwal and Chetna Khandelwal in the Sendhwa StarAgri warehouse FIR case, on Saturday. The court noted that the applicants were required for custodial interrogation and necessary seizures, according to a statement issued by StarAgri Warehousing and Collateral Management…

StarAgri Warehouse Case: MP High Court Rejects Anticipatory Bail Pleas Of Nilesh, Chetna Khandelwal

The Madhya Pradesh High Court in Indore has dismissed the anticipatory bail requests of Nilesh Khandelwal and Chetna Khandelwal in the case of the StarAgri warehouse FIR. The court suggested that the applicants were required for custodial interrogation and necessary investigations, as per a statement from StarAgri Warehousing and Collateral Management Limited.

The probe and subsequent legal proceedings will clarify the facts and responsibilities of all parties involved. The controversy originated from a complaint filed by StarAgri against Sendhwa Rural Police regarding an alleged fraud of ₹19.76 crore. The company alleged discrepancies in the pledged agricultural stock at its warehouses in Baniyahar, Madhya Pradesh.

Upon inspection on July 24, the stock at the premises was found to be significantly different from the records. The case involves allegations of unauthorized removal of pledged produce and the use of forged documents. Five individuals, including Chetna Khandelwal and Nilesh Khandelwal, have been arrested under Sections 316(4), 318(4), 61(2) and 3(5) of the Bharatiya Nagrik Sanhita.

StarAgri has stated that it will pursue the matter through the proper legal channels, present evidence, and continue cooperation with the investigating authorities. The company also intends to seek appropriate legal remedies, including recovery of losses. The firm expressed confidence in the investigating agency and the judiciary.

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