The Mumbai Sessions MPID Court rejected the bail application of Nareshkumar Barad, the absconding proprietor of Vidya Marketing, involved in the Nutan Dal Mill investment fraud case.

Barad is accused of trading in oil and receiving money from Ketan Rambhia, the proprietor of Nutan Dal Mill Stores, who collected it from various investors. Barad would then transfer the received funds back to Rambhia in cash, leading to a conspiracy that siphoned off Rs 13,62,81,799 crore from numerous investors.