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2025 Supreme(Ori) 1161

IN THE HIGH COURT OF ORISSA AT CUTTACK
G.SATAPATHY
Biswajit Bera – Appellant
Versus
Republic of India – Respondent


Advocates Appeared:
For the Petitioner:Mr. J. Pal, Advocate
For the Opposite Party :Mr. S. Nayak, Advocate

Table of Content
1. overview of bail application and allegations. (Para 1 , 2)
2. arguments concerning the right to a speedy trial. (Para 4)
3. court's analysis on the right to a speedy trial. (Para 5 , 6 , 7 , 8 , 9)
4. consequences of delayed trials on rights and bail. (Para 10 , 11 , 12 , 14)
5. order granting bail to the petitioner. (Para 15 , 16)

Judgment :

G. Satapathy, J.

1. This is a bail application U/S.439 of CrPC by the petitioner for grant of bail in connection with SPE No.24 of 2011 arising out of TR Case No.07 of 2023 for commission of offences punishable U/Ss. 120-B/420/409 r/w Sections 4 /5/6 of Prize Chits & Money Circulation schemes (Banning) Act 1978 (In short the “PCMC Act”) pending in the Court of learned CBI-I, Bhubaneswar.

2. The allegation against the Petitioner in brief is that the Petitioner-Biswajit Bera being one of the Directors and other board of Directors along with officials of M/s. Silicon Project India Ltd, a company without having RBI registration as NBFC and not being listed with National Stock Exchange, were illegally collecting public deposits through out the state of Odisha by accepting fixed deposits, MIS, recurring deposits after alluring the deposi

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