IN THE HIGH COURT OF ORISSA AT CUTTACK BLAPL NO.10745 of 2025 (In the matter of application under Section 483 of BNSS, 2023).

Dillip Kumar Nayak … Petitioner -versus-

State of Odisha … Opposite Party For Petitioner : Mr. D. Panda, Advocate For Opposite Party : Mr. M.K. Mohanty, Addl. PP Mr. B.R. Mohanty, Advocate (Informant)

CORAM:

JUSTICE G. SATAPATHY DATE OF HEARING & JUDGMENT:22.12.2025(ORAL)

G. Satapathy, J.

1. This is a bail application U/S.483 of BNSS by the petitioner for grant of bail in connection with EOW PS Case No.13 of 2025 corresponding to CT Case No.16 of 2025 pending in the file of learned PO OPID Court, Cuttack, for commission of offences punishable U/Ss.406/420/467/468/471 of IPC, on the main allegation of deceitfully inducing the informant and his wife with false assurance to provide good returns for investment in real-estate business and in the process, managing to dupe them for Rs.12,42,00,000/- (Rupees Twelve Crores Forty Two Lakhs only) by misappropriating the investment of the informant and his wife on the pretext of purchasing land in their name, but purchasing the land in his own name and siphoning part of the amount taken from the informant. 2. In the course o