Partly allowed

Shankar Kumar v. The State of Bihar

Patna HC23 Aug 2023CR. MISC./54413/2023

Case brief

AI extract

What is this about?

The Patna High Court granted provisional bail to an accused agent of Sahara India Cooperative Society facing criminal charges for non-return of deposited funds. The court directed the lower court to make the bail absolute within two weeks if the petitioner assists the complainant in filing a refund claim on the government portal.

What did the court decide?

Provisional bail granted; lower court directed to make it absolute within two weeks upon submission of uploaded claim form.

Shankar Kumar Vs The State of Bihar — Contract and Commercial Disputes | Patna HC (2023)

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IN THE HIGH COURT OF JUDICATURE AT PATNA CRIMINAL MISCELLANEOUS No.54413 of 2023

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Arising Out of PS. Case No.-505 Year-2021 Thana- PATNA COMPLAINT CASE DistrictPatna

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======================================================

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Shankar Kumar Son of Jagirath Chaudhary Resident Of Village- Talimpur, Gopinath, Ps- Barh, Distt- Patna

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... ... Petitioner/s

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Versus

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The State of Bihar

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Sanjay Prasad Son of Late Nand Kishore Prasad, Resident of VillagePipaltal Pacca Kuan, Ward No. 20, Barh Bazar, Po And Ps- Barh, DisttPatna

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... ... Opposite Party/s

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====================================================== Appearance : For the Petitioner/s : Mr.Manish Kumar Singh, Senior Advocate Mr.Kundan Kumar, Advocate For the Opposite Party/s : M.Ajit Kumar, APP ====================================================== CORAM: HONOURABLE MR. JUSTICE PURNENDU SINGH ORAL ORDER

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2 23-08-2023 Heard Mr. Manish Kumar Singh, learned Senior

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Counsel appearing on behalf of the petitioner & assisted by Mr. Kundan Kumar, Advocate and Mr. Ajit Kumar, learned APP for the State.

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The petitioner seeks pre-arrest bail in connection with Complaint Case No.505(C) of 2021, registered for the offences punishable under Sections 323, 341, 406, 420 504 and 506 read with Section 34 of the Indian Penal Code.

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Prosecution story, in brief, is that the petitioner is the agent of Sahara Credit Co-operative Society Limited (herein after to be referred as the ‘Society’) and has not re-paid the

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Patna High Court CR. MISC. No.54413 of 2023(2) dt.23-08-2023 2/6

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matured amount of the depositors including complainants, as per the assurance given by the Society, with respect to Maturity Benefit Payment under Policy No.00050569 on the life of (Life Assured) Client (complainant) (as contained in Annexure-’3’). The detail of agent code (petitioner) is mentioned in the said Policy Bond bearing No.60002296.

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Learned counsel appearing on behalf of the petitioner submits that the petitioner admits that he was the agent of the Society at the relevant point of time when the policy was purchased by the complainant, however the entire amount of the maturity was not returned back to the complainant in terms of the policy purchased by him in time. The account of the Society was freezed by the SEBI and several litigations arosed, which delayed the re-payment of the matured amount to the depositors. The matter relating to disbursement of legitimate dues of the depositors of the Sahara Group of Cooperative Societies was considered by the Hon’ble Apex Court in Writ Petition (C) No.191 of 2022 (Pinak Pani Mohanty Vs. Union of India & Ors) and the interlocutory order has been passed by the Hon’ble Apex Court on 29.03.2023, wherein a direction has been passed that out of total amount of Rs.24,979.67 crores lying in the “Sahara-SEBI Refund

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Patna High Court CR. MISC. No.54413 of 2023(2) dt.23-08-2023 3/6

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Account”, Rs.5000 crores be transferred to the Central Registrar of Co-operative Societies, who, in turn, shall disburse the same against the legitimate dues of the depositors of the Sahara Group of Co-operative Societies, which shall be paid to the genuine depositors in the most transparent manner and on proper identification and on submitting proof of their deposits and proof of their claims and to be deposited in their respective bank accounts directly.

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Learned counsel for the petitioner further submitted that in compliance of the Hon’ble Apex Court direction, the Ministry of Co-operation vide notification dated 20^th June 2023 has directed for re-payment of the matured amount. Learned counsel has brought on record the said notification by way of Annexure ‘5’ to the bail application. He submits, in compliance thereto, the petitioner will be paid the matured amount.

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He further submitted that so far allegation of assault and ill-treatment against the petitioner is concerned, the same has been alleged to pressurize the petitioner.

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It has been informed by the learned counsel for the petitioner that the Zonal Chief, Sahara India, Bihar has directed to all the Managers and the functionaries of different Branches in the State to facilitate the payment process by extending all

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Patna High Court CR. MISC. No.54413 of 2023(2) dt.23-08-2023 4/6

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help in getting their matured amount to the bona fide depositors in the light of judgment of the Hon’ble Apex Court as well as the Central Government notification as contained in Annexure - ‘5’.

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Learned counsel submits that in the present case, the net payable amount is Rs.51,875/- and the petitioner has undertaken to provide proper assistance to the complainant in uploading the requisite documents and papers as required on the Portal. Learned counsel has given helpline number of the Society as well as the process required in return of the matured amount to the depositors. The same is re-produced hereinafter for the purpose of all the general public as follows : -

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“Sahara India Cooperative Refund Process

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Open the Portal: https//mocrefund.crcs.gov.in

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Click Depositors Registration on Home page of the portal

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Enter Adhar Number and Mobile Number 4. Click on Send OTP button and enter the OTP 5. After Registration, Click on Login button 6. Again Enter ADHAR Number and Mobile Number and enter OTP

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After reading the terms and conditions, Click on 'I Agree'

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Check details of your date of birth, name of your bank etc.

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Fill up the Claim Form with Deposit Certificates/Passbook.

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Enter Name of Society, Membership Number, Deposit amounts.

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Show status of Loan or Partial Payment received.

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Give details of PAN, if the claim amount is more

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Patna High Court CR. MISC. No.54413 of 2023(2) dt.23-08-2023 5/6

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than Rs. 50,000/-

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Enter all the details of all your deposits as the claim can be lodged only once. After Verification, Download the Claim Form.

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Paste your latest photograph and put your signature on the downloaded form

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Upload the Claim Form.

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Patna Help Line Number: 0612-2532357.”

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The petitioner has undertaken to provide full cooperation to the complainant in getting all the formalities of uploading the claim form on portal within a period of two weeks and thereafter he will produce print out of the uploaded claim form before the learned court below. On these grounds, the petitioner seeks to be released on bail.

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Learned APP appearing on behalf of the State has opposed the pre-arrest bail.

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Having considered the rival submissions made on behalf of the parties as well as the fact that the petitioner has given undertaking to provide all help to the complainant in getting all the process fulfilled as prescribed in the notification dated 20^th June, 2023 of the Ministry of Co-operation as well as in terms of the direction of the Hon’ble Supreme Court in Writ Petition (C) No.191 of 2022 and has undertaken to produce print out of the “uploaded claim form” on the portal before the learned court below within a period of two weeks, this Court

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Patna High Court CR. MISC. No.54413 of 2023(2) dt.23-08-2023 6/6

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directs the learned court below to release the petitioner on provisional bail in connection with Complaint Case No.505(C) of 2021 and on fulfilling all the conditions within the aforesaid period of two weeks, the court below is directed to make the provisional bail absolute on such terms and conditions as laid down under Section 438(2) of the Cr.P.C.

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(Purnendu Singh, J)

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chn/-

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Shankar Kumar v. The State of Bihar

Case brief

What is this about?

What did the court decide?

Shankar Kumar v. The State of Bihar

Case brief

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What did the court decide?

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