ORDER

1. Both the matters are taken up through hybrid mode.

2. Heard learned counsel for the Petitioner and learned counsel for the State.

BLAPL No.2023 of 2020

3. The Petitioner being in custody in connection with Sahadevkhunta Police Station Case No.144 of 2013 corresponding to C.T. Case No.1041 of 2013 pending before the court of learned S.D.J.M., Balasore registered for the alleged commission of offences under Sections 420, 406, 409 and 34 of the I.P.C. read with Sections 4 and 5 of the Prize Chits and Money Circulation Schemes (Banning) Act, 1978, has filed this petition under Section 439 of the Cr.P.C. for his release on bail.

4.The prosecution story, in brief, is that the informant and others had invested their hard earned money in the Artha Tatwa Group of Company under different schemes. Thereafter, the office of the finance company was closed and vanished from the locality due to which they are unable to get back their deposits for the last 10 months. Having found no other alternative, the informant and others went to the head office in Bhubaneshwar, but the said Head office was also closed. It has also been alleged therein that the petitioner along with other Directors assault