The MyFledge case has entered a major legal phase after alleged fraudster Bishwajit Badal Ghosh, director of MyFledge Private Limited, was arrested pursuant to proceedings before the Girgaon Court. Court records indicate the matter concerns 32 cheque dishonour complaints amounting to nearly ₹4.44 crore. The complaints were filed by Aayush Shah and Mausam Shah, represented by Advocate K.P. Dubey, alleging financial misconduct and statutory violations. Judicial records show that conditional bail was later granted upon furnishing bond and surety. Allegations of cheating, forgery, and criminal breach of trust remain subject to judicial determination and ongoing proceedings.
MyFledge Case latest Update: Alleged Fraudster Bishwajit Badal Ghosh Arrested in Mumbai Cheque Bounce Proceedings
Court proceedings in Mumbai mark a decisive development in the MyFledge case, involving multiple cheque dishonour complaints and serious allegations of financial misconduct, now under intensified judicial scrutiny.
The MyFledge case has entered a critical phase following the arrest of alleged fraudster Bishwajit Badal Ghosh, director of MyFledge Private Limited, pursuant to proceedings before the Girgaon Court, Mumbai, on April 29, 2026.
The accused appeared before the court after being granted a final opportunity, whereupon the learned court, upon perusal of records and non-compliance history, directed custodial action under applicable legal provisions.
Judicial Action Intensifies in MyFledge Cheque Bounce Proceedings
As per court records, the learned magistrate invoked statutory provisions governing cheque dishonour and ordered the arrest of alleged fraudster Bishwajit Badal Ghosh in connection with multiple pending complaints.
The proceedings arise out of 32 cheque bounce cases, cumulatively amounting to approximately ₹4,44,48,000, thereby indicating substantial financial exposure and alleged systemic default.
Subsequently, the accused was granted conditional bail, subject to furnishing a personal bond of ₹10,000 along with cash surety, as mandated under judicial directions.
Complainants Aayush Shah and Mausam Shah Press Financial Misconduct Claims
The complaints have been instituted by Aayush Shah and Mausam Shah, who have levelled allegations of financial impropriety and statutory violations against the directors of MyFledge Private Limited.
The complainants are represented by Advocate K.P. Dubey, who is pursuing remedies under the Negotiable Instruments Act and allied penal provisions governing financial misconduct.
It has been categorically averred that directors, including alleged fraudster Bishwajit Badal Chandra Ghosh and Piyalee Shyamlendu Chatterjee, issued cheques which were dishonoured upon presentation, indicating alleged financial liability.
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Allegations of Cheating, Forgery, and Criminal Breach of Trust
Beyond cheque dishonour, the complainants have raised serious allegations of cheating, forgery, and criminal breach of trust, which, if substantiated, may attract penal consequences under the Bharatiya Nyaya Sanhita (BNS).
It is alleged that financial documentation may have been manipulated or misrepresented to secure loans, induce investments, and project financial credibility, although these assertions remain subject to judicial adjudication.
The matter is also reportedly linked to broader allegations connected with LUCC-related financial irregularities, with references to multiple FIRs across jurisdictions, thereby widening the scope of investigation.
Bhopal Student Complaints Strengthen Alleged Pattern
Parallel complaints have emerged from a police station in Bhopal, where students have alleged misrepresentation by MyFledge and its associates, adding a distinct dimension to the case.
Individuals named include Barnali Singh Ghosh and Honey Mahalwar, who are alleged to have been associated with representations made to enrolled students.
Complainants have alleged that assurances of guaranteed placements, structured training modules, and certification outcomes were extended, which allegedly remained unfulfilled despite the collection of substantial consideration amounts.
Legal Trajectory and Expanding Judicial Scrutiny
The MyFledge case is presently undergoing rigorous judicial examination, with proceedings expected to assess both civil liability and potential criminal culpability of the accused parties.
The arrest and subsequent bail of alleged fraudster Bishwajit Badal Ghosh mark a procedural escalation, potentially paving the way for further coercive and investigative action by competent authorities.
Sprouts News will continue to monitor developments closely, including any official response from Bishwajit Badal Ghosh, Piyalee Shyamlendu Chatterjee, and other associated entities named in the proceedings.
Legal Implications and Regulatory Concerns
The case raises critical questions regarding corporate governance, investor protection frameworks, and accountability in emerging education-linked business models operating across jurisdictions.
As judicial scrutiny progresses, the outcome may have far-reaching implications for regulatory oversight, enforcement mechanisms, and safeguarding stakeholder interests in similar financial and service-based enterprises.
Readers’ Appeal
Unmesh Gujarathi, senior investigative journalist, continues to examine this case closely. If you possess verified documents, agreements, financial records, or evidence related to MyFledge Private Limited or associated individuals, you may confidentially share information with the Sprouts News team at 9322755098. Your identity will remain strictly protected.
Editorial Note:
This article is based on publicly available FIR records, court case references, and reports published by multiple media organisations. The information is presented in the context of ongoing investigations and public interest reporting. Sprouts News does not make any judicial determination regarding the individuals mentioned and does not intend to defame any person or organisation. Any individual seeking clarification or wishing to provide an official response may contact the editorial team with verifiable documentation. The information is presented for journalistic and informational purposes.
