Authority: Supreme Court of India (Criminal Appellate Jurisdiction)
Order Date: September 07, 2026
Case Overview
- Appellant: Avnick Mansukh Bhai Limbani; Respondent: State of Chhattisgarh.
- The appellant is accused in Crime No.3/2025 of inducing a complainant to invest more than Rs 20,00,000 through alleged online trading platforms “Money Trade 365” and “Skytrade”.
- Investigation revealed chats concerning creation and maintenance of 38 websites for the platforms; the appellant, along with co‑accused Chetan, Vishal Yadav, Sandeep Sharma, Saurabh Mahur and Rohan Kandra, were arraigned.
- The co‑accused had already been released on bail on 05‑02‑2026. The appellant was arrested on 03‑04‑2026 and again on 27‑04‑2026 and remained in custody.
- The complainant reportedly reached a settlement and received the amount, but the Court did not consider the settlement for its decision.
- Counsel for the State, Ms. Prabhleen A. Shukla, opposed bail. The Court noted that the investigation is concluded, a chargesheet has been filed, and custodial interrogation is unnecessary.
Final Outcome
- The Supreme Court allowed the appeals and ordered that Avnick Mansukh Bhai Limbani be released on bail, subject to terms and conditions imposed by the jurisdictional court.
- All pending applications, if any, were ordered to stand disposed of.
Topics: Criminal Law, Investment Fraud