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2026 Supreme(Online)(Ker) 14851

IN THE HIGH COURT OF KERALA AT ERNAKULAM
A. BADHARUDEEN, J
BALAKRISHNAN NAIR – Appellant
Versus
STATE OF KERALA – Respondent


Advocates:
For the Appellants/Petitioners: SRI.S.RAJEEV, SRI.V.VINAY, SRI.M.S.ANEER, SRI.SARATH K.P, SRI.ANILKUMAR C.R, SRI.AZAD SUNIL, SRI.K.S.KIRAN KRISHNAN, SRI.T.P.ARAVIND, SRI.MAHESWAR PADICKAL, SMT.AKSHARA S., SMT.NIVEDITA RAJEEV, SMT.DIPA V.
For the Respondents: PUBLIC PROSECUTOR, HIGH COURT OF KERALA

Table of Content
1. bail applications and conditions (Para 1 , 2 , 13 , 14)
2. arguments from both parties leading to bail decision (Para 3 , 15 , 20)
3. allegations and misappropriations summarized (Para 4 , 5 , 6 , 7 , 8 , 9 , 10 , 11 , 12 , 16 , 19)

COMMON ORDER

These bail applications have been filed by one Balakrishnan Nair, seeking regular bail.

2. Bail Application Numbers, Crl.M.P Numbers, FIR details and his date of arrest in each crime are extracted hereunder:

“Offences alleged: u/Ss 406,409,420 r/w sec 34 of  IPC and sec 13(1)(a) r/w sec 13(2) of Prevention of Corruption Act and sections 21 r/w 3, 22 r/w 4, 23 r/w 5 of BUDS Act .

3. Heard the learned counsel for Balakrishnan Nair as well as the learned Public Prosecutor appearing for VACB in detail. Perused the orders impugned and the case diaries along with the report submitted by the Investigating Officer.

4. The prosecution case is that the 1st accused, who held the post of Secretary and the 2nd accused, who held the post of President of the Kollam Co-operative Building Society (`Society’ for short hereafter), bearing Registration No.Q157, had misappropriated huge sum from the Society on various heads and on this premise the pr

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