Authority: High Court of Odisha, Cuttack
Order Date: 10 August 2026
Case Overview
- Petitioners: Pradip Kumar Sahu (also spelled Pradeep/Pradhip) filed an application under Section 483 of the BNSS seeking bail.
- Opposite Party: State of Odisha, represented by Additional Public Prosecutor T.K. Acharya.
- The matter pertains to Bargarh Town Police Station Case No.261 of 2023 and Correspondent Trial Case No.624 of 2023 pending before the learned Sub-Divisional Judicial Magistrate, Bargarh.
- Allegations: Misappropriation of approximately Rs.21,90,568 of Bharat Financial Inclusion Ltd. by the petitioner acting as a Field Assistant, collecting loan installments from the public and failing to deposit them with the company.
- Charged offences under IPC sections 420 (cheating), 409 (criminal breach of trust), and 34 (extortion).
- Counsel: Mr. Ajay Kumar Nanda appeared for the petitioner; Mr. T.K. Acharya appeared for the State.
Final Outcome
- The Court, after considering the nature and gravity of the offences and the material placed on record, declined to grant bail.
- The bail application is rejected; the BLAPL is disposed of.
- The order directs that a soft copy be transmitted immediately to the court in seisin for reference.
Topics: Legal Proceedings, Financial Misappropriation