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2025 Supreme(Ori) 750

IN THE HIGH COURT OF ORISSA AT CUTTACK
G. SATAPATHY
Khirod Kumar Nayak – Appellant
Versus
State of Odisha – Respondent


Advocates Appeared:
For the Appellant : A.K. Das
For the Respondent: T.K. Acharya

Table of Content
1. bail application details and allegations. (Para 1)
2. arguments for and against the bail application. (Para 2)
3. assessment of allegations against the petitioner. (Para 3)
4. analysis of default bail provisions and interpretations. (Para 4 , 5 , 6 , 7 , 8 , 9)
5. court's conclusion rejecting bail. (Para 10)

JUDGMENT :

1. 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. 2.5 Crores 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.

2.1. On the other hand, Mr. T.K. Acharya,

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