Dismissing the plea, the court said there was no apprehension of their arrest in India as they were presently in Australia where a court has prohibited them from leaving that country.
Pankaj Oswal and his wife Radhika Oswal had approached the court seeking anticipatory bail in an FIR filed by an official of Oswal Agro Mills Ltd on April 4 against them and some of their associates.
Additional Sessions Judge Rakesh Pandit termed the bail plea as "dismissed as withdrawn" after observing that anticipatory bail could not be granted on technical grounds as "departure prohibitory orders" have been issued by Australian courts against the accused and hence, there was no apprehension of their arrest here.
Abhay Kumar Oswal, father of Pankaj, was a director and chairperson of board of directors of the company till his death in March this year. Later, Pankaj allegedly entered the premises of the firm, the FIR said.
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They later went away with several of the company's confidential and other documents, the FIR said.
The FIR was filed under the sections of 323 (voluntarily causing hurt), 380 (theft) and 452 (house trespass) of IPC.
The company was represented by senior advocate Mohit Mathur and lawyer Bharat Arora, who opposed the bail plea.