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2026 Supreme(Ori) 786

IN THE HIGH COURT OF ORISSA AT CUTTACK
G.SATAPATHY
Jharana Sahoo – Appellant
Versus
State of Orissa(OPID) – Respondent


Advocates Appeared:
For the Petitioner:Ms. D. Mahapatra, Advocate
For the Opposite Party : Mr. A.K.Nayak, Adv., Mr.Sk. Attibullah, Adv.

Table of Content
1. details of the bail application and allegations made. (Para 1 , 2)
2. arguments presented by both sides regarding the bail application. (Para 3)
3. court’s observations regarding the petitioner’s role and circumstances. (Para 4)
4. court's rationale for granting bail. (Para 5)
5. conclusion of the bail application. (Para 6 , 7)

JUDGMENT :

G. Satapathy, J.

1. This is the bail application U/S.483 of the BNSS by the petitioner for grant of bail in connection with EOW, CID CD, Bhubaneswar PS Case No.18 of 2025 corresponding to C.T. Case No.22 of 2025 pending in the Court of learned Presiding Officer, Designated Court under OPID Act, Cuttack, for offence punishable U/Ss. 406/420/467/468/471/120B of IPC r/w Sec. 4, 5 & 6 of PCMCS(Banning) Act 1978 & Sec. 21(1)(2)(3)/23/25 of BUDS ACT .

2. The case against the petitioner arise out of an FIR lodged by one Jayant Mishra by stating therein that one Chandra Sekhar Sahoo, Managing Director of M/s. Evoreach Ventures Pvt. Ltd. was known to him and the said company has two Directors namely petitioner-Jharana Sahoo and Kabita Rana and in the month of February, 2022, said Chandra Sekhar Sahoo convinced/allured him to invest money in the

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