Chennai, April 5, 2025: 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 and submit required sureties in a cybercrime case linked to the company.
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The NBW was issued in Case No. CC 1344/2024 after Joshi did not comply with the court’s 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 set for April 1, 2025. While other accused—CEO Ankit Mehta, Director & Vice President Rahul Singh, and General Manager Somil Gautam—appeared before the court, their submission of sureties led to further controversy. The court rebuked the trio for allegedly attempting to mislead the judiciary by presenting unconnected and unauthorised individuals as sureties, calling the act “fraudulent.” “The attempt to present unrelated persons as sureties is not only a violation of the court’s trust but also a deliberate attempt to subvert the legal process,” the court observed, issuing a strong reprimand to the company’s top executives.
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The warrant against Joshi mandates his immediate arrest and production before the court. Legal experts believe this development could significantly impact the ongoing investigation and court proceedings surrounding the cybercrime case.
ideaForge Technology Limited, known for its drone manufacturing capabilities and serving various government agencies, has yet to issue an official statement on the court’s latest actions. Further proceedings in the matter are expected in the coming weeks.