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2026 Supreme(Online)(Ker) 11

IN THE HIGH COURT OF KERALA AT ERNAKULAM
G.GIRISH, J
CHERIAN PHILIP – Appellant
Versus
STATE OF KERALA – Respondent


Advocates:
For the Appellants/Petitioners: SRI.D.KISHORE, SMT.MINI GOPINATH, SRI.R.MURALEEKRISHNAN
For the Respondents: SRI.C.R.SIVAKUMAR, SRI RENJIT GEORGE, SR PP

O R D E R

The accused Nos.7, 8, 9, 10, 16, 17, 19, 21 & 22 in C.C.No.459/2015 on the files of the Judicial First Class Magistrate Court-I, Mavelikkara, have filed Crl.R.P. No.721/2017, aggrieved by the dismissal of C.M.P.No.3303/2016 filed before the learned Magistrate seeking their discharge from the criminal proceedings in the aforesaid case. Crl.R.P.No.765/2017 is fled by the 12th accused in the said case aggrieved by the dismissal of C.M.P.No.4515/2016, in respect of the same relief for discharge from the criminal prosecution in C.C.No.459/2015 on the files of the Judicial First Class Magistrate Court-I, Mavelikkara.

2. The final report in the said case was filed by the CBCID, Economic Offences Wing, alleging the commission of offences under Sections 406 & 420 read with Section 3 4 of the Indian Penal Code , 1860, and Sections 58 (b), 4A & 58(c) of the Reserve Bank of India Act , 1934, and Section 3 of the Kerala Chitties Act , 1977. The allegation against the accused is that they collected huge amounts of money extending up to Rs.14,00,73,847/- from various depositors without licence and conducted chitties, and thereafter failed to repay the amount with interest, as assured

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