Khirod Kumar Nayak VS State of Odisha

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

G. SATAPATHY
Khirod Kumar Nayak – Appellant
Versus
State of Odisha – Respondent

Advocates:
Counsel for the Parties:
For the Petitioner:Mr. A.K. Das, Advocate
For the Opp. Party: Mr. T.K. Acharya, Addl. PP

JUDGMENT (ORAL)

G. Satapathy, J.—This is a bail application U/S.483 of the BNSS by the petitioner for grant of bail in connection with CID(CB) Cyber Crime PS Case No. 58 of 2024 corresponding to GR Case No.903 of 2024 pending in the Court of learned 2nd Addl. Sessions Judge, Cuttack for commission of offences punishable U/Ss. 409/419/420/467/468/471/120-B/34 of IPC r/w Sections 66/66C/66(B) of the IT Act, on the main allegation of securing an overdraft loan of Rs. 2.25 Crores fraudulently against the fixed deposit of Rs. 2.5Crores made by the Informant and transferring the said amount to bank account of his sister and thereafter, transferring it to different accounts through multiple transactions by obtaining the signatures of the Informant surreptitiously on different documents and in the process, cheating her by committing online fraud.

2. In the course of hearing, Mr. Alok Kumar Das, learned counsel for the petitioner, very politely submits that the petitioner is renewing his prayer for bail since investigation is not complete and it has been kept open and thereby, the petitioner having been detained in custody for more than the statutory period 120 days as contemplated U/S.167(

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