Saroj Kumar Panda v. State of Odisha
Case brief
What is this about?
BLAPL No. 9032 of 2023; High Court of Orissa at Cuttack; bail application allowed; bail with conditions; OPID Act Section 6; Sections 420/467/468/120-B IPC; EOW Bhubaneswar P.S. Case No.14 of 2022; C.T. Case No. 08 of 2022; Designated Court under OPID Act Cuttack; interim bail order dated 12.04.2024; interim bail order dated 12.11.2024; deposit Rs.2 lakhs; deposit Rs.50,000/- within three months; cancellation of bail; deposit to informants by end of December 2025; affidavit paragraph-8 undertaking; co-accused Directors released on bail; mortgaged property seized for auction by bank; investigation complete; continued detention unnecessary; Justice Sashikanta Mishra; petitioner Saroj Kumar Panda; Opp. Party State of Odisha; OPID counsel J. Patra; petitioner's counsel R.K. Das; proposed intervenor counsel Dipankar Acharya.
What did the court decide?
Petitioner released on bail on terms and conditions to be imposed by the court below, including: (i) deposit of Rs.50,000/- within three months, failing which prosecution may seek cancellation before the trial court; and (ii) endeavour to deposit the remaining amount to each informant by end of December, 2025 as undertaken in paragraph-8 of his affidavit. The BLAPL is accordingly disposed of.