Case Details

  • Case Name: Amardeep Kumar vs. State of Delhi NCT & Ors.
  • Petition No.: Writ Petition(s) (Criminal) No. 193/2026.
  • IA No.: 153433/2026 (Exemption from filing O.T.).
  • Court: Supreme Court of India.
  • Coram: Hon'ble Chief Justice, Hon'ble Justice Joymalya Bagchi, Hon'ble Justice Vipul M. Pancholi.
  • Hearing Date: 25-05-2026.
  • Order Date: 25-05-2026 (order issued on the same day).
  • Period of Alleged Violation: Platform commenced operations in 2020 and allegedly functioned across multiple states thereafter.

Parties Involved

  • Petitioner: Amardeep Kumar – Managing Director of M/s. Capital Protection Force Pvt. Ltd.
  • Respondents: The State of Delhi NCT & Others (unspecified).
  • Regulatory/Investigative Body Mentioned: Central Bureau of Investigation (CBI).
  • Victims (Investors): Public investors who invested via the online platform (not individually named).

Issues / Allegations / Violations

  • The petitioner operated an online invoice discounting platform named "Falcon Invoice Discounting" from 2020, inviting public investments and promising returns based on discounting trade receivables and invoices.
  • Allegations state that the platform functioned as an unregulated deposit scheme, collecting money from the public without adhering to applicable regulatory frameworks.
  • Investors were allegedly duped of their investments.
  • The petitioner sought exemption from filing O.T. and requested that the investigation be transferred to the CBI under Section 30 of the Banning of Unregulated Deposit Schemes Act, 2019.

Findings & Observations

  • The Court observed that no case existed to entertain the writ petition or to direct the investigation to the CBI under the cited provision.
  • The Court clarified that Section 30 of the 2019 Act does not grant the accused an enforceable right to seek transfer of FIR to the CBI; such a recourse may be available only to the victims of the alleged crime.

Penalties / Settlements / Directions

  • No monetary penalties, settlements, or bans were imposed on the petitioner or the company.
  • The petition was dismissed in its entirety.

Corrective Actions & Future Obligations

  • The Court ordered that any pending applications, if any, shall stand closed.
  • No specific compliance measures or corrective actions were directed at the petitioner or the company.

Final Ruling & Enforcement

  • The writ petition (Criminal) No. 193/2026 is dismissed.
  • All pending applications related to the petition are ordered to stand closed.
  • No further relief is granted to the petitioner.