IN THE HIGH COURT OF ORISSA AT CUTTACK

BLAPL No.10322 of 2025

(In the matter of application under Section 483 of the

BNSS).

Kusha @ Ramesh Chandra … Petitioner

Majhi

-versus-

State of Odisha … Opposite Party For Petitioner : Mr. B. Mohapatra, Advocate

For Opposite Party : Mr. C. Mohanty, Addl. PP

Mr. S. Palit, Sr. Advocate

(informant)

CORAM:

JUSTICE G. SATAPATHY

DATE OF HEARING & DATE OF JUDGMENT:12.01.2026 (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 Special Crime Unit PS Case No.05 of 2025 corresponding to CT Case No.810 of 2025 pending in the file of learned JMFC-III, Bhubaneswar for commission of offences punishable U/Ss.420/ 465/

468/ 471/ 474/ 34 of IPC.

2. The facts relevant for disposal of this bail application are that the informant is the Managing

Director (MD) of M/S. Stairway Gold & Diamond Pvt. Ltd. and M/S. Stairway Developers Pvt. Ltd. and he came in contact with the petitioner and his wife Anisha Subudhi, who by showing forged authorization letters of RBI to deal with gold business allured the informant to invest in their business for high returns and accordingly, they managed to take investment/loan fro