Common order in 18 bail applications by persons in control of a non-banking housing finance company accused of cheating under section 420 IPC for failing to repay deposits. The court found indications of diversion of funds and held that the manner of utilisation required detailed investigation, and dismissed all bail applications.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR. JUSTICE SUNIL THOMAS
FRIDAY ,THE 15TH DAY OF FEBRUARY 2019 / 26TH MAGHA, 1940
Bail Appl..No. 7441 of 2018
CRIME NO. 1758/2018 OF Ernakulam Central Police Station , Ernakulam
PETITIONERS/ACCUSED 1 & 2:
1 G. UNNIKRISHNAN NAIR, AGED 54 YEARS S/O GOVINDA PILLAI, CHAIRMAN AND MANAGING DIRECTOR, KERALA HOUSING FINANCE LTD, PAN AFRICAN PLAZA, 2ND FLOOR, M.G.ROAD, THIRUVANANTHAPURAM 695 001 NOW RESIDING AT MULLASSERIL HOUSE, CHATHANNOPUZHA, CHOORAKODU POST, ADOOR, PATHANAMTHITTA DISTRICT, PIN- 691 559.
2 KRISHNAN NAIR N, AGED 60 YEARS S/O.LATE NARAYANA PILLA, VADAKKEKARA HOUSE, DIRECTOR CUM GENERAL MANAGER, KERALA HOUSING FINANCE LTD., PAN AFRICAN PLAZA, 2ND FLOOR, M.G.ROAD, THIRUVANANTHAPURAM-695001, VAZHOTTUKONAM, VATTIYURKAVU, THIRUVANANTHAPURAM, PIN695013.
BY ADVS. DR.SEBASTIAN CHAMPAPPILLY DR.ABRAHAM P.MEACHINKARA SRI.GEORGE CLEETUS SRI.M.V.LALU MATHEWS SRI.P.A.SAINUDEEN
RESPONDENTS:
BY PUBLIC PROSECUTOR : ADV.S.SAJJU
THIS BAIL APPLICATION HAVING BEEN FINALLY HEARD ON 06.02.2019, ALONG WITH Bail Appl..40/2019, Bail Appl..41/2019, Bail Appl..42/2019, Bail Appl..43/2019, Bail Appl..44/2019, Bail Appl..7152/2018, Bail Appl..7434/2018, Bail Appl..7435/2018, Bail Appl..7645/2018, Bail Appl..7788/2018, Bail Appl..8316/2018, Bail Appl..8319/2018, Bail Appl..8320/2018, Bail Appl..8325/2018, Bail Appl..8843/2018, Bail Appl..8852/2018, Bail Appl..8866/2018, THE COURT ON 15.02.2019 PASSED THE FOLLOWING:
B.A.7441, 7434, 7435, 7152, 7788, 7645, 8316, 8319, 8320, 8325, 40, 41, 42, 43, 44, 8843, 8852 and 8866 of 2018 2
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR. JUSTICE SUNIL THOMAS
FRIDAY ,THE 15TH DAY OF FEBRUARY 2019 / 26TH MAGHA, 1940
Bail Appl..No. 40 of 2019
CRIME NO. 2305/2018 OF Ernakulam Central Police Station , Ernakulam
PETITIONERS/1st ACCUSED:
G. UNNIKRISHNAN NAIR, AGED 54 YEARS S/O GOVINDA PILLAI, MULLASSERIL HOUSE, CHATHUNNAPUZHA, CHOORAKOODU P.O., PATHANAMTHITTA DISTRICT-691.
BY ADVS. SRI.RASHEED C.NOORANAD SMT.M.N.ANITHA SRI.R.AJAYGHOSH
RESPONDENT/COMPLAINANT/STATE:
STATE OF KERALA,, REPRESENTED BY PUBLIC PROSECUTOR, HIGH COURT OF KERALA, ERNAKULAM-682031.
BY PUBLIC PROSECUTOR : ADV.S.SAJJU
THIS BAIL APPLICATION HAVING BEEN FINALLY HEARD ON 06.02.2019, ALONG WITH Bail Appl..7152/2018, Bail Appl..44/2019, Bail Appl..43/2019, Bail Appl..42/2019, Bail Appl..41/2019, Bail Appl..8843/2018, Bail Appl..8866/2018, Bail Appl..8852/2018, Bail Appl..8325/2018, Bail Appl..8320/2018, Bail Appl..8319/2018, Bail Appl..8316/2018, Bail Appl..7788/2018, Bail Appl..7645/2018, Bail Appl..7441/2018, Bail Appl..7435/2018, Bail Appl..7434/2018, THE COURT ON 15.02.2019 PASSED THE FOLLOWING:
B.A.7441, 7434, 7435, 7152, 7788, 7645, 8316, 8319, 8320, 8325, 40, 41, 42, 43, 44, 8843, 8852 and 8866 of 2018 3
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR. JUSTICE SUNIL THOMAS
FRIDAY ,THE 15TH DAY OF FEBRUARY 2019 / 26TH MAGHA, 1940
Bail Appl..No. 41 of 2019
CRIME NO. 2683/2018 OF Ernakulam Central Police Station , Ernakulam
PETITIONERS/1st ACCUSED:
G.UNNIKRISHNAN NAIR AGED 54 YEARS S/O GOVINDA PILLAI, MULLASSERIL HOUSE, CHATHUNNAPUZHA, CHOORAKOODU P.O., PATHANAMTHITTA DISTRICT.
BY ADVS. SRI.RASHEED C.NOORANAD SMT.ANITHA M.N. (EKM) SRI.R.AJAYGHOSH
RESPONDENT/COMPLAINANT/STATE:
STATE OF KERALA REPRESENTED BY PUBLIC PROSECUTOR, HIGH COURT OF KERALA, ERNAKULAM.
BY PUBLIC PROSECUTOR : ADV.S.SAJJU
THIS BAIL APPLICATION HAVING BEEN FINALLY HEARD ON 06.02.2019, ALONG WITH Bail Appl..7152/2018, Bail Appl..40/2019, Bail Appl..44/2019, Bail Appl..43/2019, Bail Appl..42/2019, Bail Appl..8843/2018, Bail Appl..8866/2018, Bail Appl..8852/2018, Bail Appl..8325/2018, Bail Appl..8320/2018, Bail Appl..8319/2018, Bail Appl..8316/2018, Bail Appl..7788/2018, Bail Appl..7645/2018, Bail Appl..7441/2018, Bail Appl..7435/2018, Bail Appl..7434/2018, THE COURT ON 15.02.2019 PASSED THE FOLLOWING:
B.A.7441, 7434, 7435, 7152, 7788, 7645, 8316, 8319, 8320, 8325, 40, 41, 42, 43, 44, 8843, 8852 and 8866 of 2018 4
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR. JUSTICE SUNIL THOMAS
FRIDAY ,THE 15TH DAY OF FEBRUARY 2019 / 26TH MAGHA, 1940
Bail Appl..No. 42 of 2019
CRIME NO. 2436/2018 OF Ernakulam Central Police Station , Ernakulam
PETITIONER/1st ACCUSED:
G. UNNIKRISHNAN NAIR, AGED 54 YEARS S/O GOVINDA PILLAI, MULLASSERIL HOUSE, CHATHUNNAPUZHA, CHOORAKOODU P.O., PATHANAMTHITTA DISTRICT-691.
BY ADVS. SRI.RASHEED C.NOORANAD SMT.M.N.ANITHA SRI.R.AJAYGHOSH
RESPONDENT/COMPLAINANT/STATE:
STATE OF KERALA, REPRESENTED BY PUBLIC PROSECUTOR, HIGH COURT OF KERALA, ERNAKULAM-682031.
BY PUBLIC PROSECUTOR : ADV.S.SAJJU
THIS BAIL APPLICATION HAVING BEEN FINALLY HEARD ON 06.02.2019, ALONG WITH Bail Appl..7152/2018, Bail Appl..40/2019, Bail Appl..44/2019, Bail Appl..43/2019, Bail Appl..41/2019, Bail Appl..8843/2018, Bail Appl..8866/2018, Bail Appl..8852/2018, Bail Appl..8325/2018, Bail Appl..8320/2018, Bail Appl..8319/2018, Bail Appl..8316/2018, Bail Appl..7788/2018, Bail Appl..7645/2018, Bail Appl..7441/2018, Bail Appl..7435/2018, Bail Appl..7434/2018, THE COURT ON 15.02.2019 PASSED THE FOLLOWING:
B.A.7441, 7434, 7435, 7152, 7788, 7645, 8316, 8319, 8320, 8325, 40, 41, 42, 43, 44, 8843, 8852 and 8866 of 2018 5
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR. JUSTICE SUNIL THOMAS
FRIDAY ,THE 15TH DAY OF FEBRUARY 2019 / 26TH MAGHA, 1940
Bail Appl..No. 43 of 2019
CRIME NO. 2687/2018 OF Ernakulam Central Police Station , Ernakulam
PETITIONERS/1st ACCUSED:
G. UNNIKRISHNAN NAIR AGED 54 YEARS S/O GOVINDA PILLAI, MULLASSERIL HOUSE, CHATHUNNAPUZHA, CHOORAKOODU P.O., PATHANAMTHITTA DISTRICT.
BY ADVS. SRI.RASHEED C.NOORANAD SMT.M.N.ANITHA SRI.R.AJAYGHOSH
RESPONDENT/COMPLAINANT/STATE:
STATE OF KERALA REPRESENTED BY PUBLIC PROSECUTOR, HIGH COURT OF KERALA, ERNAKULAM.
BY PUBLIC PROSECUTOR : ADV.S.SAJJU
THIS BAIL APPLICATION HAVING BEEN FINALLY HEARD ON 06.02.2019, ALONG WITH Bail Appl..7152/2018, Bail Appl..40/2019, Bail Appl..44/2019, Bail Appl..42/2019, Bail Appl..41/2019, Bail Appl..8843/2018, Bail Appl..8866/2018, Bail Appl..8852/2018, Bail Appl..8325/2018, Bail Appl..8320/2018, Bail Appl..8319/2018, Bail Appl..8316/2018, Bail Appl..7788/2018, Bail Appl..7645/2018, Bail Appl..7441/2018, Bail Appl..7435/2018, Bail Appl..7434/2018, THE COURT ON 15.02.2019 PASSED THE FOLLOWING:
B.A.7441, 7434, 7435, 7152, 7788, 7645, 8316, 8319, 8320, 8325, 40, 41, 42, 43, 44, 8843, 8852 and 8866 of 2018 6
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR. JUSTICE SUNIL THOMAS
FRIDAY ,THE 15TH DAY OF FEBRUARY 2019 / 26TH MAGHA, 1940
Bail Appl..No. 44 of 2019
CRIME NO. 2725/2018 OF Ernakulam Central Police Station , Ernakulam
PETITIONERS/1st ACCUSED:
G.UNNIKRISHNAN NAIR, AGED 54 YEARS S/O.GOVINDA PILLAI, MULLASSERIL HOUSE, CHATHUNNAPUZHA, CHOORAKOODU P.O., PATHANAMTHITTA DISTRICT.
BY ADVS. SRI.RASHEED C.NOORANAD SMT.ANITHA M.N. (EKM) SRI.R.AJAYGHOSH
RESPONDENT/COMPLAINANT/STATE:
STATE OF KERALA REPRESENTED BY PUBLIC PROSECUTOR, HIGH COURT OF KERALA, ERNAKULAM.
BY PUBLIC PROSECUTOR : ADV.S.SAJJU
THIS BAIL APPLICATION HAVING BEEN FINALLY HEARD ON 06.02.2019, ALONG WITH Bail Appl..7152/2018, Bail Appl..40/2019, Bail Appl..43/2019, Bail Appl..42/2019, Bail Appl..41/2019, Bail Appl..8843/2018, Bail Appl..8866/2018, Bail Appl..8852/2018, Bail Appl..8325/2018, Bail Appl..8320/2018, Bail Appl..8319/2018, Bail Appl..8316/2018, Bail Appl..7788/2018, Bail Appl..7645/2018, Bail Appl..7441/2018, Bail Appl..7435/2018, Bail Appl..7434/2018, THE COURT ON 15.02.2019 PASSED THE FOLLOWING:
B.A.7441, 7434, 7435, 7152, 7788, 7645, 8316, 8319, 8320, 8325, 40, 41, 42, 43, 44, 8843, 8852 and 8866 of 2018 7
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR. JUSTICE SUNIL THOMAS
FRIDAY ,THE 15TH DAY OF FEBRUARY 2019 / 26TH MAGHA, 1940
Bail Appl..No. 7152 of 2018
PETITIONERS:
1 G. UNNIKRISHNAN NAIR S/O. GOVINDA PILLAI, AGED 54 YEARS, CHAIRMAN AND MANAGING DIRECTOR, KERALA HOUSING FINANCE LTD, PAN AFRICAN PLAZA, 2ND FLOOR, M.G ROAD, THIRUVANANTHAPURAM 695001, NOW RESIDING AT MULLASSERIL HOUSE, CHATHANNOPUZHA, CHOORAKODU POST, ADOOR, PATHANAMTHITTA DISTRICT, PIN 691559. 2 KRISHNAN NAIR.M. AGED 60 YEARS S/O.LATE NARAYANA PILLA, VADAKKEKARA HOUSE, DIRECTOR CUM GENERAL MANAGER, KERALA HOUSING FINANCE LTD., PAN AFRICAN PLAZA, 2ND FLOOR, M.G.ROAD, THIRUVANANTHAPURAM - 695 001, VAZHOTTUKONAM, VATTIYURKAVU, THIRUVANANTHAPURAM, PIN - 695 013. BY ADVS. DR.SEBASTIAN CHAMPAPPILLY SRI.M.V.LALU MATHEWS P.A.SAINUDEEN
RESPONDENTS:
1 STATE OF KERALA REPRESENTED BY THE STATE PUBLIC PROSECUTOR, HIGH COURT OF KERALA-682031. 2 THE SUB INSPECTOR OF POLICE ERNAKULAM CENTRAL POLICE STATION, ERNAKULAM, PIN - 682 018.
OTHER PRESENT:
PP S SAJJU
THIS BAIL APPLICATION HAVING BEEN FINALLY HEARD ON 06.02.2019, ALONG WITH Bail Appl..40/2019, Bail Appl..44/2019, Bail Appl..43/2019, Bail Appl..42/2019, Bail Appl..41/2019, Bail Appl..8843/2018, Bail Appl..8866/2018, Bail Appl..8852/2018, Bail Appl..8325/2018, Bail Appl..8320/2018, Bail Appl..8319/2018, Bail Appl..8316/2018, Bail Appl..7788/2018, Bail Appl..7645/2018, Bail Appl..7441/2018, Bail Appl..7435/2018, Bail Appl..7434/2018, THE COURT ON 15.02.2019 PASSED THE FOLLOWING:
B.A.7441, 7434, 7435, 7152, 7788, 7645, 8316, 8319, 8320, 8325, 40, 41, 42, 43, 44, 8843, 8852 and 8866 of 2018 8
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR. JUSTICE SUNIL THOMAS
FRIDAY ,THE 15TH DAY OF FEBRUARY 2019 / 26TH MAGHA, 1940
Bail Appl..No. 7434 of 2018
CRIME NO. 714/2018 OF Ernakulam Central Police Station , Ernakulam
PETITIONERS/ACCUSED 1 AND 2:
1 G. UNNIKRISHNAN NAIR AGED 54 YEARS S/O.GOVINDA PILLAI, CHAIRMAN AND MANAGING DIRECTOR, KERALA HOUSING FINANCE LTD., PAN AFRICAN PLAZA, 2ND FLOOR, MG ROAD, THIRUVANANTHAPURAM, 695001, NOW RESIDING AT MULLASSERIL HOUSE, CHATHANNOOPUZHA, CHOORAKODU POST, ADOOR, PATHANAMTHITTA DISTRICT, PIN 691559.
2 KRISHNAN NAIR.N. AGED 60 YEARS S/O.LATE NARAYANA PILLA, VADAKKEKARA HOUSE, DIRECTOR CUM GENERAL MANAGER, KERALA HOUSING FINANCE LTD., PAN AFRICAN PLAZA, 2ND FLOOR, M.G.ROAD, THIRUVANANTHAPURAM - 695 001, VAZHOTTUKONAM, VATTIYURKAVU, THIRUVANANTHAPURAM, PIN - 695 013.
BY ADVS. DR.SEBASTIAN CHAMPAPPILLY DR.ABRAHAM P.MEACHINKARA SRI.GEORGE CLEETUS SRI.M.V.LALU MATHEWS SRI.P.A.SAINUDEEN
RESPONDENTS:
1 STATE OF KERALA REPRESENTED BY THE STATE PUBLIC PROSECUTOR, HIGH COURT OF KERALA.
3 C.G.BABU AGED 64 YEARS, S/O.GOPALAKRISHNAN NAIR, HARITHA HOUSE, NEAR ODAMPILLY TEMPLE, VEERAMANGALAM KARA, PANAVALLY P.O., PANAVALLY PANCHAYATH, PANAVALLY VILLAGE, CHERTHALA TALUK, ALAPPUZHA DISTRICT, PIN - 688 566.
B.A.7441, 7434, 7435, 7152, 7788, 7645, 8316, 8319, 8320, 8325, 40, 41, 42, 43, 44, 8843, 8852 and 8866 of 2018 9
BY ADVS. SRI.C.S.AJITH PRAKASH KUM.NEETHU SOMAN SRI.FRANKLIN ARACKAL SRI.PAUL C THOMAS SRI.T.K.DEVARAJAN
BY PUBLIC PROSECUTOR : ADV.S.SAJJU
THIS BAIL APPLICATION HAVING BEEN FINALLY HEARD ON 06.02.2019, ALONG WITH Bail Appl..7152/2018, Bail Appl..40/2019, Bail Appl..44/2019, Bail Appl..43/2019, Bail Appl..42/2019, Bail Appl..41/2019, Bail Appl..8843/2018, Bail Appl..8866/2018, Bail Appl..8852/2018, Bail Appl..8325/2018, Bail Appl..8320/2018, Bail Appl..8319/2018, Bail Appl..8316/2018, Bail Appl..7788/2018, Bail Appl..7645/2018, Bail Appl..7441/2018, Bail Appl..7435/2018, THE COURT ON 15.02.2019 PASSED THE FOLLOWING:
B.A.7441, 7434, 7435, 7152, 7788, 7645, 8316, 8319, 8320, 8325, 40, 41, 42, 43, 44, 8843, 8852 and 8866 of 2018 10
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR. JUSTICE SUNIL THOMAS
FRIDAY ,THE 15TH DAY OF FEBRUARY 2019 / 26TH MAGHA, 1940
Bail Appl..No. 7435 of 2018
CRIME NO. 1355/2018 OF Ernakulam Central Police Station , Ernakulam
PETITIONERS/ACCUSED 1 AND 2:
1 G. UNNIKRISHNAN NAIR, AGED 54 YEARS S/O GOVINDA PILLAI, CHAIRMAN AND MANAGING DIRECTOR, KERALA HOUSING FINANACE LTD., PAN AFRICAN PLAZA, 2ND FLOOR, M G ROAD, THIRUVANANTHAPURAM-695001. NOW RESIDING AT MULLASSERIL HOUSE, CHATHANNOPUZHA, CHOORAKODU POST, ADOOR, PATHANMATHITTA DISTRICT, PIN-691559.
2 KRISHNAN NAIR N., AGED 60 YEARS S/O.LATE NARAYANA PILLA, VADAKKEKARA HOUSE, DIRECTOR CUM GENERAL MANAGER, KERALA HOUSING FINANCE LTD., PAN AFRICAN PLAZA, 2ND FLOOR, M.G.ROAD, THIRUVANANTHAPURAM695001, VAZHOTTUKONAM, VATTIYURKAVU, THIRUVANANTHAPURAM, PIN-695013.
BY ADVS. DR.SEBASTIAN CHAMPAPPILLY DR.ABRAHAM P.MEACHINKARA SRI.GEORGE CLEETUS SRI.M.V.LALU MATHEWS SRI.P.A.SAINUDEEN
RESPONDENTS:
1 STATE OF KERALA, REPRESENTED BY THE STATE PUBLIC PROSECUTOR, HIGH COURT OF KERALA-682031.
2 THE SUB INSPECTOR OF POLICE, ERNAKULAM CENTRAL POLICE STATION, ERNAKULAM, PIN-682018.
B.A.7441, 7434, 7435, 7152, 7788, 7645, 8316, 8319, 8320, 8325, 40, 41, 42, 43, 44, 8843, 8852 and 8866 of 2018 11
3 SASIDHARAN ASARI, AGED 64 YEARS, S/O.GOVINDHAN, ROHINI HOUSE, KARIMUGHAL.P.O., PUTHENCRUZ VILLAGE, KANAYANOOR TALUK, ERNAKULAM DISTRICT, PIN-682303.
BY ADVS. SRI.K.P.SURESH KUMAR SRI.C.DEVANAND
BY PUBLIC PROSECUTOR : ADV.S.SAJJU
THIS BAIL APPLICATION HAVING BEEN FINALLY HEARD ON 06.02.2019, ALONG WITH Bail Appl..7152/2018, Bail Appl..40/2019, Bail Appl..44/2019, Bail Appl..43/2019, Bail Appl..42/2019, Bail Appl..41/2019, Bail Appl..8843/2018, Bail Appl..8866/2018, Bail Appl..8852/2018, Bail Appl..8325/2018, Bail Appl..8320/2018, Bail Appl..8319/2018, Bail Appl..8316/2018, Bail Appl..7788/2018, Bail Appl..7645/2018, Bail Appl..7441/2018, Bail Appl..7434/2018, THE COURT ON 15.02.2019 PASSED THE FOLLOWING:
B.A.7441, 7434, 7435, 7152, 7788, 7645, 8316, 8319, 8320, 8325, 40, 41, 42, 43, 44, 8843, 8852 and 8866 of 2018
12
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR. JUSTICE SUNIL THOMAS
FRIDAY ,THE 15TH DAY OF FEBRUARY 2019 / 26TH MAGHA, 1940
Bail Appl..No. 7645 of 2018
AGAINST THE ORDER/JUDGMENT IN CRMC 2027/2018 of DISTRICT COURT & SESSIONS COURT, ERNAKULAM
CRIME NO. 2305/2018 OF Ernakulam Central Police Station , Ernakulam
PETITIONERS/ACCUSED:
1 K. GOPALAKRISHNAN AGED 56 YEARS S/O. KUTTAPPAN NAIR, KOYATTU (H), MANGARAM, PANDALAM, ADOOR, NOW AT JAIKISHAN BUILDING, KARIKKAMURI CROSS ROAD, ERNAKULAM, PIN - 682 011.
2 G. UNNIKRISHNAN NAIR, AGED 54 YEARS S/O GOVINDA PILLAI, CHAIRMAN AND MANAGING DIRECTOR, KERALA HOUSING FINANACE LTD., PAN AFRICAN PLAZA, 2ND FLOOR, M G ROAD, THIRUVANANTHAPURAM-695001. NOW RESIDING AT MULLASSERIL HOUSE, CHATHANNOPUZHA, CHOORAKODU POST, ADOOR, PATHANMATHITTA DISTRICT, PIN-691559.
3 KRISHNAN NAIR N., AGED 60 YEARS S/O.LATE NARAYANA PILLA, VADAKKEKARA HOUSE, DIRECTOR CUM GENERAL MANAGER, KERALA HOUSING FINANCE LTD., PAN AFRICAN PLAZA, 2ND FLOOR, M.G.ROAD, THIRUVANANTHAPURAM695001, VAZHOTTUKONAM, VATTIYURKAVU, THIRUVANANTHAPURAM, PIN-695013.
BY ADVS. DR.SEBASTIAN CHAMPAPPILLY DR.ABRAHAM P.MEACHINKARA SRI.GEORGE CLEETUS SRI.M.V.LALU MATHEWS
RESPONDENTS:
1 STATE OF KERALA REPRESENTED BY THE STATE PUBLIC PROSECUTOR, HIGH COURT OF KERALA.
B.A.7441, 7434, 7435, 7152, 7788, 7645, 8316, 8319, 8320, 8325, 40, 41, 42, 43, 44, 8843, 8852 and 8866 of 2018
13
2 THE SUB INSPECTOR OF POLICE ERNAKULAM CENTRAL POLICE STATION ERNAKULAM, - 682018 3 VALSALA DHEVI .R, SOUPARNIKA HOUSE, K.P.VALLON ROAD, ELAMKULAM, NEAR MATTALIL TEMPLE ERNAKULAM, KOCHI-682 020
BY ADVS. SRI.C.S.AJITH PRAKASH DIRECTOR GENERAL OF PROSECUTION KUM.NEETHU SOMAN SRI.A.TJOSE SRI.FRANKLIN ARACKAL SRI.K.M.SALIM SRI.PAUL C THOMAS SRI.SUMAN CHAKRAVARTHY, SENIOR GOVT.PLEADER SRI.T.K.DEVARAJAN
BY PUBLIC PROSECUTOR : ADV.S.SAJJU
THIS BAIL APPLICATION HAVING BEEN FINALLY HEARD ON 06.02.2019, ALONG WITH Bail Appl..7152/2018, Bail Appl..40/2019, Bail Appl..44/2019, Bail Appl..43/2019, Bail Appl..42/2019, Bail Appl..41/2019, Bail Appl..8843/2018, Bail Appl..8866/2018, Bail Appl..8852/2018, Bail Appl..8325/2018, Bail Appl..8320/2018, Bail Appl..8319/2018, Bail Appl..8316/2018, Bail Appl..7788/2018, Bail Appl..7441/2018, Bail Appl..7435/2018, Bail Appl..7434/2018, THE COURT ON 15.02.2019 PASSED THE FOLLOWING:
B.A.7441, 7434, 7435, 7152, 7788, 7645, 8316, 8319, 8320, 8325, 40, 41, 42, 43, 44, 8843, 8852 and 8866 of 2018 14
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR. JUSTICE SUNIL THOMAS
FRIDAY ,THE 15TH DAY OF FEBRUARY 2019 / 26TH MAGHA, 1940
Bail Appl..No. 7788 of 2018
CRIME NO. 1754/2018 OF Hill Palace Police Station , Ernakulam
PETITIONER/ACCUSED NO.2:
1 KRISHNAN NAIR.N AGED 60 YEARS S/O. LATE NARAYANA PILLA, DIRECTOR CUM GENERAL MANAGER, KERALA HOUSING FINANCE LTD., PAN AFRICAN PLAZA, 2ND FLOOR, M.G ROAD, THIRUVANANTHAPURAM, 695001, RESIDING AT VADAKKEKARA HOUSE, VAZHOTTUKONAM, VATTIYURKAVU, THIRUVANANTHAPURAM, PIN 695013
2 G. UNNIKRISHNAN NAIR, AGED 54 YEARS S/O. GOVINDA PILLAI, CHAIRMAN AND MANAGING DIRECTOR, KERALA HOUSING FINANCE LTD., PAN AFRICAN PLAZA, 2ND FLOOR, M.G. ROAD, THIRUVANANTHAPURAM 695001, NOW RESIDING AT MULLASSERIL HOUSE CHATHANNOPUZHA CHOORKODU POST, ADOOR, PATHANAMTHITTA DISTRICT 691559 BY ADVS. DR.SEBASTIAN CHAMPAPPILLY DR.ABRAHAM P.MEACHINKARA SRI.GEORGE CLEETUS SRI.M.V.LALU MATHEWS SRI.P.A.SAINUDEEN
RESPONDENTS:
1 STATE OF KERALA REPRESENTED BY THE STATE PUBLIC PROSECUTOR, HIGH COURT OF KERALA 2 THE SUB INSPECTOR OF POLICE HILL PALACE POLICE STATION, TRIPUNITHURA 682301
B.A.7441, 7434, 7435, 7152, 7788, 7645, 8316, 8319, 8320, 8325, 40, 41, 42, 43, 44, 8843, 8852 and 8866 of 2018
15
3 REGHUNATHAN NAIR, AGED 65 YEARS S/O. BALAKRISHNAN NAIR, CHAITHRAM HOUSE, IRUMPANAM P.O., HILL PALACE, TRIPUNITHURA, ERNAKULAM 682309
BY ADVS. SRI.T.K.DEVARAJAN KUM.NEETHU SOMAN SRI.A.TJOSE SRI.C.S.AJITH PRAKASH SRI.FRANKLIN ARACKAL SRI.K.M.SALIM SRI.PAUL C THOMAS
BY PUBLIC PROSECUTOR : ADV.S.SAJJU
THIS BAIL APPLICATION HAVING BEEN FINALLY HEARD ON 06.02.2019, ALONG WITH Bail Appl..7152/2018, Bail Appl..40/2019, Bail Appl..44/2019, Bail Appl..43/2019, Bail Appl..42/2019, Bail Appl..41/2019, Bail Appl..8843/2018, Bail Appl..8866/2018, Bail Appl..8852/2018, Bail Appl..8325/2018, Bail Appl..8320/2018, Bail Appl..8319/2018, Bail Appl..8316/2018, Bail Appl..7645/2018, Bail Appl..7441/2018, Bail Appl..7435/2018, Bail Appl..7434/2018, THE COURT ON 15.02.2019 PASSED THE FOLLOWING:
B.A.7441, 7434, 7435, 7152, 7788, 7645, 8316, 8319, 8320, 8325, 40, 41, 42, 43, 44, 8843, 8852 and 8866 of 2018 16
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR. JUSTICE SUNIL THOMAS
FRIDAY ,THE 15TH DAY OF FEBRUARY 2019 / 26TH MAGHA, 1940
Bail Appl..No. 8316 of 2018
PETITIONER:
G. UNNIKRISHNAN NAIR AGED 54 YEARS S/O.GOVINDA PILLAI, CHAIRMAN AND MANAGING DIRECTOR, KERALA HOUSING FINANCE LIMITED, PAN AFRICAN PLAZA, 2ND FLOOR, M.G.ROAD, THIRUVANANTHAPURAM-695001, NOW RESIDING AT MULLASSERIL HOUSE, CHATHANNOPUZHA, CHOORAKODU POST, ADOOR, PATHANAMTHITTA DISTRICT-691559.
BY ADVS.
SRI.G.PRIYADARSAN THAMPI SRI.SAJESH K. SAM
RESPONDENT/COMPLAINANT:
STATE OF KERALA REPRESENTED BY PUBLIC PROSECUTOR, HIGH COURT OF KERALA, ERNAKULAM-682031. (REPRESENTING STATION HOUSE OFFICER, THIRUVALLA POLICE STATION, PATHANAMTHITTA DISTRICT)
BY PUBLIC PROSECUTOR : ADV.S.SAJJU
THIS BAIL APPLICATION HAVING BEEN FINALLY HEARD ON 06.02.2019, ALONG WITH Bail Appl..7152/2018, Bail Appl..40/2019, Bail Appl..44/2019, Bail Appl..43/2019, Bail Appl..42/2019, Bail Appl..41/2019, Bail Appl..8843/2018, Bail Appl..8866/2018, Bail Appl..8852/2018, Bail Appl..8325/2018, Bail Appl..8320/2018, Bail Appl..8319/2018, Bail Appl..7788/2018, Bail Appl..7645/2018, Bail Appl..7441/2018, Bail Appl..7435/2018, Bail Appl..7434/2018, THE COURT ON 15.02.2019 PASSED THE FOLLOWING:
B.A.7441, 7434, 7435, 7152, 7788, 7645, 8316, 8319, 8320, 8325, 40, 41, 42, 43, 44, 8843, 8852 and 8866 of 2018 17
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR. JUSTICE SUNIL THOMAS
FRIDAY ,THE 15TH DAY OF FEBRUARY 2019 / 26TH MAGHA, 1940
Bail Appl..No. 8319 of 2018
PETITIONER:
G.UNNIKRISHNAN NAIR, AGED 54 YEARS S/O. GOVINDA PILLAI, CHAIRMAN AND MANAGING DIRECTOR, KERALA HOUSING FINANCE LIMITED, PAN AFRICAN PLAZA, 2ND FLOOR, M.G. ROAD, THIRUVANANTHAPURAM-695001. NOW RESIDING AT MULLASSERIL HOUSE, CHATHANNOPUZHA, CHOORAKODU POST, ADOOR, PATHANAMTHITTA DISTRICT-691559.
BY ADVS. SRI.G.PRIYADARSAN THAMPI SRI.SAJESH K. SAM
RESPONDENT/COMPLAINANAT:
STATE OF KERALA, REPRESENTED BY THE PUBLIC PROSECUTOR, HIGH COURT OF KERALA, ERNAKULAM -682031. (REPRESENTING STATION HOUSE OFFICER, ADOOR POLICE STATION, PATHANAMTHITTA DISTRICT.
BY PUBLIC PROSECUTOR : ADV.S.SAJJU
THIS BAIL APPLICATION HAVING BEEN FINALLY HEARD ON 06.02.2019, ALONG WITH Bail Appl..7152/2018, Bail Appl..40/2019, Bail Appl..44/2019, Bail Appl..43/2019, Bail Appl..42/2019, Bail Appl..41/2019, Bail Appl..8843/2018, Bail Appl..8866/2018, Bail Appl..8852/2018, Bail Appl..8325/2018, Bail Appl..8320/2018, Bail Appl..8316/2018, Bail Appl..7788/2018, Bail Appl..7645/2018, Bail Appl..7441/2018, Bail Appl..7435/2018, Bail Appl..7434/2018, THE COURT ON 15.02.2019 PASSED THE FOLLOWING:
B.A.7441, 7434, 7435, 7152, 7788, 7645, 8316, 8319, 8320, 8325, 40, 41, 42, 43, 44, 8843, 8852 and 8866 of 2018 18
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR. JUSTICE SUNIL THOMAS
FRIDAY ,THE 15TH DAY OF FEBRUARY 2019 / 26TH MAGHA, 1940
Bail Appl..No. 8320 of 2018
PETITIONER:
G.UNNIKRISHNAN NAIR AGED 54 YEARS S/O.GOVINDA PILLAI, CHAIRMAN AND MANAGING DIRECTOR, KERALA HOUSING FINANCE LIMITED, PAN AFRICAN PLAZA, 2ND FLOOR, M.G.ROAD, THIRUVANANTHAPURAM-695001, NOW RESIDING AT MULLASSERIL HOUSE, CHATHANNOPUZHA, CHOORAKODU POST, PATHANAMTHITTA DISTRICT-691559.
BY ADVS. SRI.G.PRIYADARSAN THAMPI SRI.SAJESH K. SAM
RESPONDENT/COMPLAINANT:
STATE OF KERALA REPRESENTED BY THE PUBLIC PROSECUTOR, HIGH COURT OF KERALA, ERNAKULAM-682031. (REPRESENTING STATION HOUSE OFFICER, ARANMULA POLICE STATION, PATHANAMTHITTA DISTRICT)
BY PUBLIC PROSECUTOR : ADV.S.SAJJU
THIS BAIL APPLICATION HAVING BEEN FINALLY HEARD ON 06.02.2019, ALONG WITH Bail Appl..7152/2018, Bail Appl..40/2019, Bail Appl..44/2019, Bail Appl..43/2019, Bail Appl..42/2019, Bail Appl..41/2019, Bail Appl..8843/2018, Bail Appl..8866/2018, Bail Appl..8852/2018, Bail Appl..8325/2018, Bail Appl..8319/2018, Bail Appl..8316/2018, Bail Appl..7788/2018, Bail Appl..7645/2018, Bail Appl..7441/2018, Bail Appl..7435/2018, Bail Appl..7434/2018, THE COURT ON 15.02.2019 PASSED THE FOLLOWING:
B.A.7441, 7434, 7435, 7152, 7788, 7645, 8316, 8319, 8320, 8325, 40, 41, 42, 43, 44, 8843, 8852 and 8866 of 2018 19
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR. JUSTICE SUNIL THOMAS
FRIDAY ,THE 15TH DAY OF FEBRUARY 2019 / 26TH MAGHA, 1940
Bail Appl..No. 8325 of 2018
PETITIONER:
G. UNNIKRISHNAN NAIR AGED 54 YEARS S/O. GOVINDA PILLAI, CHAIRMAN AND MANAGING DIRECTOR, KERALA HOUSING FINANCE LIMITED, PAN AFRICAN PLAZA, 2ND FLOOR, M.G. ROAD, THIRUVANANTHAPURAM-685001, NOW RESIDING AT MULLASSERIL HOUSE, CHATHANNOPUZHA, CHOORAKODU POST, PATHANAMTHITTA, PATHANAMTHITTA DISTRICT-691559.
BY ADV. SRI.G.PRIYADARSAN THAMPI
RESPONDENT/COMPLAINANT:
STATE OF KERALA, REPRESENTED BY THE PUBLIC PROSECUTOR, HIGH COURT OF KERALA, ERNAKULAM-682031, (REPRESENTING STATION HOUSE OFFICER, PATHANAMHTITTA POLICE STATION, PATHANAMTHITTA DISTRICT).
BY PUBLIC PROSECUTOR : ADV.S.SAJJU
THIS BAIL APPLICATION HAVING BEEN FINALLY HEARD ON 06.02.2019, ALONG WITH Bail Appl..7152/2018, Bail Appl..40/2019, Bail Appl..44/2019, Bail Appl..43/2019, Bail Appl..42/2019, Bail Appl..41/2019, Bail Appl..8843/2018, Bail Appl..8866/2018, Bail Appl..8852/2018, Bail Appl..8320/2018, Bail Appl..8319/2018, Bail Appl..8316/2018, Bail Appl..7788/2018, Bail Appl..7645/2018, Bail Appl..7441/2018, Bail Appl..7435/2018, Bail Appl..7434/2018, THE COURT ON 15.02.2019 PASSED THE FOLLOWING:
B.A.7441, 7434, 7435, 7152, 7788, 7645, 8316, 8319, 8320, 8325, 40, 41, 42, 43, 44, 8843, 8852 and 8866 of 2018
20
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR. JUSTICE SUNIL THOMAS
FRIDAY ,THE 15TH DAY OF FEBRUARY 2019 / 26TH MAGHA, 1940
Bail Appl..No. 8843 of 2018
CRIME NO. 2680/2018 OF Ernakulam Central Police Station , Ernakulam
PETITIONERS/1st ACCUSED:
G.UNNIKRISHNAN NAIR AGED 54 YEARS S/O. GOVINDA PILLAI, MULLASSERIL HOUSE, CHATHUNNAPUZHA, CHOORAKOODU.P.O., PATHANAMTHITTA DISTRICT.691.
BY ADVS. SRI.RASHEED C.NOORANAD SMT.M.N.ANITHA
RESPONDENT/COMPLAINANT/STATE:
STATE OF KERALA REP.BY PUBLIC PROSECUTOR, HIGH COURT OF KERALA, ERNAKULAM-682031.
BY PUBLIC PROSECUTOR : ADV.S.SAJJU
THIS BAIL APPLICATION HAVING BEEN FINALLY HEARD ON 06.02.2019, ALONG WITH Bail Appl..7152/2018, Bail Appl..40/2019, Bail Appl..44/2019, Bail Appl..43/2019, Bail Appl..42/2019, Bail Appl..41/2019, Bail Appl..8866/2018, Bail Appl..8852/2018, Bail Appl..8325/2018, Bail Appl..8320/2018, Bail Appl..8319/2018, Bail Appl..8316/2018, Bail Appl..7788/2018, Bail Appl..7645/2018, Bail Appl..7441/2018, Bail Appl..7435/2018, Bail Appl..7434/2018, THE COURT ON 15.02.2019 PASSED THE FOLLOWING:
B.A.7441, 7434, 7435, 7152, 7788, 7645, 8316, 8319, 8320, 8325, 40, 41, 42, 43, 44, 8843, 8852 and 8866 of 2018
21
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR. JUSTICE SUNIL THOMAS
FRIDAY ,THE 15TH DAY OF FEBRUARY 2019 / 26TH MAGHA, 1940
Bail Appl..No. 8852 of 2018
CRIME NO. 2681/2018 OF Ernakulam Central Police Station , Ernakulam
PETITIONERS/1st ACCUSED:
G.UNNIKRISHNAN NAIR, AGED 54 YEARS S/O.GOVINDA PILLAI, MULLASSERIL HOUSE, CHATHUNNAPUZHA, CHOORAKOODU P.O., PATHANAMTHITTA DISTRICT.
BY ADVS. SRI.RASHEED C.NOORANAD SMT.M.N.ANITHA
RESPONDENT/COMPLAINANT/STATE:
STATE OF KERALA, REP. BY PUBLIC PROSECUTOR, HIGH COURT OF KERALA, ERNAKULAM- 682031.
BY PUBLIC PROSECUTOR : ADV.S.SAJJU
THIS BAIL APPLICATION HAVING BEEN FINALLY HEARD ON 06.02.2019, ALONG WITH Bail Appl..7152/2018, Bail Appl..40/2019, Bail Appl..44/2019, Bail Appl..43/2019, Bail Appl..42/2019, Bail Appl..41/2019, Bail Appl..8843/2018, Bail Appl..8866/2018, Bail Appl..8325/2018, Bail Appl..8320/2018, Bail Appl..8319/2018, Bail Appl..8316/2018, Bail Appl..7788/2018, Bail Appl..7645/2018, Bail Appl..7441/2018, Bail Appl..7435/2018, Bail Appl..7434/2018, THE COURT ON 15.02.2019 PASSED THE FOLLOWING:
B.A.7441, 7434, 7435, 7152, 7788, 7645, 8316, 8319, 8320, 8325, 40, 41, 42, 43, 44, 8843, 8852 and 8866 of 2018
22
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT
THE HONOURABLE MR. JUSTICE SUNIL THOMAS
FRIDAY ,THE 15TH DAY OF FEBRUARY 2019 / 26TH MAGHA, 1940
Bail Appl..No. 8866 of 2018
CRIME NO. 2556/2018 OF Thiruvalla Police Station , Pathanamthitta
PETITIONER/1st ACCUSED:
G.UNNIKRISHNAN NAIR, AGED 54 YEARS S/O.GOVINDA PILLAI, MULLASSERIL HOUSE, CHATHUNNAPUZHA, CHOORAKOODU P.O., PATHANAMTHITTA DISTRICT.
BY ADVS. SRI.RASHEED C.NOORANAD SMT.ANITHA M.N. (EKM)
RESPONDENT/COMPLAINANT/STATE:
STATE OF KERALA REP.BY PUBLIC PROSECUTOR HIGH COURT OF KERALA ERNAKULAM 682 031
BY PUBLIC PROSECUTOR : ADV.S.SAJJU
THIS BAIL APPLICATION HAVING BEEN FINALLY HEARD ON 06.02.2019, ALONG WITH Bail Appl..7152/2018, Bail Appl..40/2019, Bail Appl..44/2019, Bail Appl..43/2019, Bail Appl..42/2019, Bail Appl..41/2019, Bail Appl..8843/2018, Bail Appl..8852/2018, Bail Appl..8325/2018, Bail Appl..8320/2018, Bail Appl..8319/2018, Bail Appl..8316/2018, Bail Appl..7788/2018, Bail Appl..7645/2018, Bail Appl..7441/2018, Bail Appl..7435/2018, Bail Appl..7434/2018, THE COURT ON 15.02.2019 PASSED THE FOLLOWING:
B.A.7441, 7434, 7435, 7152, 7788, 7645, 8316, 8319, 8320, 8325, 40, 41, 42, 43, 44, 8843, 8852 and 8866 of 2018 23
COMMON ORDER
These bail applications arise from various criminal
proceedings pending before various police stations of the State.
B.A.7441, 7434, 7435, 7152, 7788, 7645, 8316, 8319, 8320, 8325, 40, 41, 42, 43, 44, 8843, 8852 and 8866 of 2018 24
down and loans became non performing assets. Moratorium was declared by the Government in relation to housing loans. In the meanwhile, the deposits became mature. These contingencies cumulatively led to a financial crunch. In the above circumstances, apprehending that the money deposited by the depositors will not be repaid, several complaints were laid in the various police stations. It was alleged that, petitioners have committed offences punishable under section 420 IPC along with other offences. Apprehending arrest, petitioners have sought for bail.
B.A.7441, 7434, 7435, 7152, 7788, 7645, 8316, 8319, 8320, 8325, 40, 41, 42, 43, 44, 8843, 8852 and 8866 of 2018 25
employees who were lured into depositing the amount on assurance to pay huge interest. It was alleged that, they had also introduced scheme by name Grihachand. It was virtually functioning under the Nidhi scheme of the Government. It was constituted as a subsidiary company as Grihachand Nidhi Limited. According to the third respondent, funds so collected by the company were diverted into the above Nidhi company, which were run as a subsidiary to the housing finance Ltd. It was contended that, Nidhi scheme was constituted in breach of the relevant scheme as envisaged by the Government. Company had its head office at Coimbatore and under the scheme, they can collect money and carry on the business in the place of registration only. However, they collected money from various parts of Kerala. It is also contended that, funds were purported to have been collected by the housing company and receipts of Grihachand Nidhi Ltd were issued. To substantiate it, third respondent produced the copies of deposit. CMD and his wife were the directors of Nidhi company which showed close proximity between two companies.
B.A.7441, 7434, 7435, 7152, 7788, 7645, 8316, 8319, 8320, 8325, 40, 41, 42, 43, 44, 8843, 8852 and 8866 of 2018 26
Rs.80 Crores. According to the petitioners calculation, the total assets of the company comes to Rs.109.13 Crores. The total refundable liability is only Rs.95.4 Crores. The loan given was for Rs.45.22 Crores and mortgage loans worth Rs.6.60 Crores were also disbursed. It was contended that the company had fixed assets of Rs.54.58 Crores. Hence, it was claimed that, they had a total share of 122.45 Crores.
B.A.7441, 7434, 7435, 7152, 7788, 7645, 8316, 8319, 8320, 8325, 40, 41, 42, 43, 44, 8843, 8852 and 8866 of 2018 27
indications that the funds of the company were used for other purposes. It also appears that, financial crunch cannot be directly attributed to demonitization and floods. The chanalization of the funds collected by the company is not discernible from the records produced by the complainants. The manner in which funds were utilized, investment, if any, made by the petitioners with the funds generated by the company, diversion of amounts, if any, are matters which require detailed investigation. Hence, I am not inclined to grant bail to the petitioners in any of the above bail applications.
Bail applications fail and are dismissed.
Sd/-
SUNIL THOMAS
JUDGE
Sbna
3 issues framed by the court
Whether the petitioners, accused of cheating for failure to repay deposits collected by a housing finance company, are entitled to bail?
Whether the financial crunch claimed to be caused by demonetisation and floods justifies grant of bail?
Whether the alleged diversion of funds and the need for detailed investigation disentitles the petitioners to bail?
1 provisions across 1 enactments
G. Unnikrishnan Nair
Krishnan Nair N
K. Gopalakrishnan
State of Kerala
C.G. Babu
Valsala Dhevi R
Sunil Thomas
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
