Guntupalli Srinivas Rao VS State of Telangana

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

JUVVADI SRIDEVI
Guntupalli Srinivas Rao – Appellant
Versus
State of Telangana – Respondent

Advocates:
Counsel for the Parties:
For the Petitioner:Yemmiganur Soma Srinath Reddy, Advocate
For the Respondent: Public Prosecutor

ORDER

Petitioners/Accused Nos.1 and 2 have filed this petition under Section 438 of Cr.P.C., seeking anticipatory bail in Cr.No.145 of 2024 of P.S. INSP ADMIN (DD), registered for the offences under Sections 406 and 420 of IPC and Section 5 of the Telangana State Protection of Depositors of Financial Establishments Act, 1999 (for short “the TSPDFE Act”).

2. Heard Sri Y. Soma Srinath Reddy, learned counsel for petitioners and the learned Additional Public Prosecutor appearing for the State.

3. The case of the prosecution is that the petitioners herein are wife and husband and are running a real estate Company under the name and style of “M/s.EV Projects Pvt. Ltd.” The complainant/Mr.Raghavendar and another person by name Mr.T.Anil Kumar have approached the petitioners for purchase of two villas called “EVK Shri Shilpa” at Shankerpally, at the rate of Rs.70 Lakhs each and entered into a Memorandum of Understanding on 27.10.2021. Thereafter, the petitioners informed the complainant that they lost the site and would refund money within six months as per the agreement dated 27.10.2022, but they did not refund the amount as agreed, and thus, cheated them.

4. The learned counsel for petit

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