The case stems its origin from a written complaint lodged by 1) Ms. Sanna Gandogra D/o Mr. Sanjay Gandotra R/o H. No. 259, sector No. 1/A South Ext. Trikuta Nagar, Jammu and 2) Mr. Sanjay Kumar Gupta S/O Chaman Lal Gupta R/O Lane No. 01 near KC Public School Paloura Jammu alleging that accused posing themselves to be the silent partners/directors of Armada Bazar Private Limited Co. approached them to make a refundable investment of Rs 3.00 crores for business of authorized products & Services having grocery and daily utility items in terms of an agreement that the accused persons would pay Rs.12.00 lacs per month for 36 months to the complainants and also 4% of the net monthly billing of the Mart but the accused persons paid only an amount of Rs. 12.00 lacs for two months and stopped paying the rest of the amount so agreed, thus putting the complainants to huge loss and later openly refused to pay back the aforesaid amount and threatened to eliminate them if they filed any case against the accused persons they would eliminate the complainants or their family members.
On receipt of the complaint a Preliminary Verification was conducted and during the course of enquiry the allegations made were prima-facie substantiated leading to the registration of formal case under the relevant sections of law for in-depth probe. During the course of investigation all material evidence in the form of documentary record was collected from concerned quarters besides statements of complainants & witnesses were recorded and the offences U/S 420, 120-B IPC are established against the accused Parshuram Rajnetbhai Pal for cheating the complainants. However, the investigation in the case FIR continuous to investigate role of others involved in the case.