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2026 Supreme(Ori) 260

IN THE HIGH COURT OF ORISSA AT CUTTACK
G.SATAPATHY
Subharun Das – Appellant
Versus
State Of Odisha – Respondent


Advocates Appeared:
For the Petitioner:Mr. S.C. Mohapatra, Sr. Advocate along with Mr. S. Mohapatra, Advocate
For the Respondent: Mr. T.K. Acharya, Addl. Pp

Table of Content
1. allegations of online investment fraud. (Para 1)
2. conditions for bail under section 480(6) of bnss. (Para 3 , 4)
3. balance of personal liberty and justice. (Para 6)
4. insufficient grounds for bail due to mother's illness. (Para 7)
5. bail application rejected; trial urgency. (Para 8 , 9)

JUDGMENT :

G. Satapathy, J.

1. This is a bail application U/S.483 of BNSS by the petitioner for grant of bail in connection with CID CB Cyber PS Case No.21 of 2024 corresponding to GR Case No.395 of 2024 pending in the file of learned JMFC (UTP), Cuttack, for commission of offences punishable U/Ss.419/420/465/467/468/471/120-B/34 of IPC r/w Sections 66 (C)/66(D) of IT Act, on the main allegation of cheating the gullible investors by alluring them to invest online in the fictitious company like TECHSTARS PRO with the advice of a WhatsApp group created by him & others in the name of “Ram Investment Academy” and in the process, cheating the informant for a sum of Rs.2,58,60,000/-.

2. Heard, Mr. Soura Chandra Mohapatra, learned Senior Counsel, who is being assisted by Mr. S. Mohapatra, learned counsel for the petitioners and Mr. T.K. Acharya, learned Additional Public Prosecutor in the

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