Summary: Vikas Garg and another person tried to get rid of charges related to a large loan scam. The charges included planning and making fake documents, connected to a fake loan of Rs. 600 lakhs. The Delhi High Court, led by Judge Saurabh Banerjee, decided to keep the charges, stressing the need for a trial to look into the alleged crimes.
In June 2017, a police report was filed based on a complaint from S.K. Mehta of Corporation Bank in Delhi. The complaint said that Sumit Mittal lied about being the owner of a company and got a Rs. 600 lakh loan from the bank using fake papers. This loan was given on April 26, 2013, by the Vasant Kunj branch.
The investigation found that Mittal, with some senior bank officials and others, including Vikas Garg, planned to get the loan using fake papers. Vikas Garg and the other person were supposed to check the details but allegedly didn't verify the truth of the documents and the borrower's identity.
Vikas Garg's lawyer argued that: - They checked over 1100 cases for the bank without problems. - There was no direct evidence of planning against them. - They depended on papers provided by the bank and borrower. - They weren't responsible for checking all details, like tax returns.
Judge Saurabh Banerjee noted that: - Vikas Garg and the other person were responsible for checking the borrower's identity and financial status. - The report on their checks contained false claims, like site visits that never happened. - There were inconsistencies in the report, especially about checking tax returns.
On February 17, 2026, the court rejected the request to cancel the charges. Judge Banerjee stressed the need for a trial to investigate Vikas Garg and the other person's role in the alleged fraud. The court found enough reason to continue with the charges, pointing out the serious nature of the accusations.
The court decided that the charges against Vikas Garg and the other person should not be dropped and that a trial is necessary to fully understand their involvement in the alleged loan fraud.
