Authority: High Court of Karnataka, Bengaluru
Order Date: 12 November 2026
Case Overview
- Petitioner: Ajitha K, daughter of Kumar Nair, aged ~43, residing at Nilesh Nilaya, NRI Layout, Bengaluru; currently in judicial custody.
- Respondent: State of Karnataka represented by Hosakote Police Station, Bengaluru Rural District, through State Public Prosecutor.
- FIR (Crime No.254/2026) registered on 26 September 2026 based on complaint from Sri Rajesh Sharma, authorized representative of Kalatmak Spatican Systems Pvt. Ltd.
- Allegations: While employed as Account Manager from 2 May 2025 to 11 July 2026, petitioner allegedly misappropriated Rs 44,21,382 and deposited the amount in relatives' bank accounts.
- Arrest: 27 September 2026; bail application rejected by Sessions Court on 29 October 2026 (Crl.Misc.No.2316/2026).
- Additional circumstance: Petitioner's mother died on 11 November 2026, as evidenced by documents submitted by counsel.
- Maximum punishment for the offences (Sections 316(4), 318(4), 336(3), 340(2), 334, 338, 344 of BNS, 2023) is seven years imprisonment; investigation largely completed.
Final Outcome
- The Court allowed the criminal petition and ordered regular bail in Crime No.254/2026.
- Conditions: (a) Execution of personal bond of Rs 1,00,000 with two sureties; (b) Mandatory appearance at all trial dates unless exempted; (c) Prohibition on threatening or tampering with prosecution witnesses; (d) No involvement in similar offences in future.
Topics: Criminal Bail, Financial Misappropriation