IN THE HIGH COURT OF ORISSA AT CUTTACK

Sudhanshu Kumar Das @ … Petitioners

Sudhanshu Sekhar Das @

Sudhansu Kumar Das

(In BLAPL No. 7892 of 2025)

Lalit Ranjan Das

(In BLAPL No. 11068 of 2025)

Mr. M. Kanungo, Sr. Advocate along

with Mr. D. Acharya, Advocate

(In BLAPL No. 7892 of 2025)

Mr. S.C. Mohapatra, Sr. Advocate

along with Mr. S. Mohapatra, Advocate

(In BLAPL No. 11068 of 2025)

-versus-

State of Odisha (EOW) … Opposite Party

Mr. P. Satpathy, Addl. PP

CORAM:

JUSTICE G. SATAPATHY

ORDER(ORAL)

08.01.2026

Order No

08. 1. This matter is taken up through Hybrid

Arrangement (Virtual/Physical Mode).

2. Since these two bail applications arise out of one and same case record, the same are heard together and disposed of by this common order with

the consent of the learned counsel for the parties.

3. These are the bail applications U/S.483 of BNSS by the petitioners for grant of bail in connection with EOW CID CB, Bhubaneswar P.S. Case No.02 of 2025 corresponding to C.T. Case No.02 of 2025 pending in the file of learned PO, Designated Court under OPID Act, Cuttack, for commission of offences punishable U/Ss.420/467/468/471/120-B of IPC r/w.

Sec.21(1)/21(3) and 23 of le BUDs Act, on the main allegation of persuading the investors to deposit money in the account of the company M/s. Mutual Alliance Global Pvt. Ltd. to get double profit amount in 10 months, but subsequently receiving a sum of Rs.9,37,186/- & Rs.7,86,244/- from the company as its employee-cum-Director and in the process, cheating the innocent investors of their legitimate due.

4. Heard, Mr. Milan Kanungo, learned Senior Counsel, who is being assisted by Mr. Dipankar Acharya, learned counsel for the petitioner in BLAPL No.7892 of 2025; Mr. Soura Chandra Mohapatra, learned Senior Counsel, who is being assisted by Mr. S. Mohapatra, learned counsel for the petitioner in BLAPL No. 11068 of 2025 and Mr. P. Satpathy, learned Addl. PP in these matters and perused the record together with the written instruction received from the Investigating Officer, EOW, CID CB, Bhubaneswar.

5. After having considered the rival submissions and taking into consideration the nature and gravity of the offences as alleged against the petitioners vis-à-vis the accusations sought to be brought against them and regard being had to the pre-trial detention of the petitioners in custody since 17.07.2025 & 21.08.2025 with submission of charge sheet in the meantime and keeping in view the role as alleged against the petitioners for persuading the investors to invest money in the company, but they having not directly taken investment from any investors and taking into account the other circumstances on record in entirety including the inherent right of the accused to be presumed innocent until proven guilty at the trial, which is unlikely to commence in near future and taking into consideration the monetary trail to the account of the present petitioners, this Court without expressing any view on merit, admits each of the petitioners to bail.

6. Hence, these two bail applications of the petitioners namely Sudhanshu Kumar Das @ Sudhanshu Sekhar Das @ Sudhansu Kumar Das (BLAPL No. 7892 of 2025) and Lalit Ranjan Das (BLAPL No. 11068 of 2025) are allowed and each of the petitioners is allowed to go on bail on furnishing bail bonds of Rs.1,00,000/- (Rupees One Lakh) each with two solvent sureties for the like amount to the satisfaction of the learned Court in seisin of the case on such terms and conditions as deem fit and proper by it with following conditions:-

(i) the petitioners in the course of trial shall attend the trial Court on each date of posting without fail unless their attendance is dispensed with and shall cooperate with the trial. In case the Petitioners fails without sufficient cause to appear in the Court in accordance with the terms of the bail, the learned trial Court may proceed against the Petitioners for offence U/S.269 of BNSS in accordance with law, (ii) the petitioners shall appear before the IO as and when required