The court held that "a prima facie case for commission of cognisable offences is made out."
Mr Aggarwal had alleged that his wife and his friend Mr Sethi had conspired together and fabricated several documents to gain control over the company.
"They took his signatures on wrong papers and committed forgery to usurp the company," Mr Aggarwal's lawyer Vijay Aggarwal said.
Mr Aggarwal claimed that while he was facing charges of insider trading in a separate case in the US, Ms Aggarwal and Mr Sethi conspired along with others to oust him from his own firm. According to the FIR, the US Department of Justice and the Federal Bureau of Investigation (FBI) had charged Mr Aggarwal with insider trading in July 2013, for which he had to remain in that country.
Mr Aggarwal said he had handed over the reins of the company to his wife in 2013 because of the case. Taking the opportunity, the Mr Sethi and Ms Aggarwal tried to take over the company.
Mr Aggarwal has accused the two of criminal conspiracy, breach of trust, forgery and cheating.