Chennai: A Metropolitan Magistrate Court in Chennai has issued a non-bailable warrant (NBW) against Vipul Joshi, Chief Financial Officer of ideaForge Technology Limited, for failing to appear before the court in a cybercrime case linked to the company. The warrant was issued in Case No. CC 1344/2024 after Joshi failed to comply with a directive to execute a personal bond of Rs 25,000 along with two sureties of the same amount under Section 91 of the Bharatiya Nagarik Suraksha Sanhita (BNSS). The deadline for compliance was April 1, 2025.
Top Executives Face Court Rebuke for Fraudulent Sureties
While other accused—CEO Ankit Mehta, Director & Vice President Rahul Singh, and General Manager Somil Gautam—appeared before the court, they faced strong rebuke for attempting to mislead the judiciary. The court criticized their attempt to present unconnected and unauthorized individuals as sureties, labeling the act “fraudulent.” The court emphasized that such actions not only violate judicial trust but also attempt to subvert the legal process.
The NBW mandates Joshi’s immediate arrest and production before the court. Legal experts believe this could significantly impact the ongoing investigation and court proceedings related to the cybercrime case.
Further Developments Expected
ideaForge Technology Limited, a drone manufacturer serving various government agencies, has yet to issue an official statement regarding the court’s actions. Further proceedings are expected in the coming weeks.
