Authority: High Court of Judicature at Patna
Order Date: 16-07-2026
Case Overview
- Petitioner: Devanand Kumar, son of Birendra Das, resident of Village Shaura, Banka, employee (loan officer) of Bharat Financial Inclusion Ltd, Gaya retail branch.
- Opposite parties: State of Bihar; Pawan Kumar (co‑accused).
- Criminal case: Chandauti Police Station Case No.330 of 2023, registered under Sections 420 and 406 IPC.
- Allegation: On 16‑01‑2023, petitioner collected loan instalments totaling Rs 4,84,257 from customers but failed to deposit them into the company's account; internal audit confirmed the amount was not deposited.
- FIR lodged on 06‑06‑2023, five months after the alleged incident.
- Petitioner claims he had resigned, resignation letter destroyed, and offers to repay the amount in nine equal instalments.
- Opposite party contends the amount was kept for personal use and opposes bail; the State also opposes bail.
Final Outcome
- Court grants provisional anticipatory bail, subject to a bail bond of Rs 10,000 with two sureties of equal amount.
- Petitioner must deposit the disputed Rs 4,84,257 in nine equal instalments; first instalment due on or before 14‑08‑2026 into Bharat Financial Inclusion Ltd account No. 201035782842, IFSC INDB0000393, Patna.
- Subsequent instalments due each 30 days after the previous one.
- Bail may be cancelled if petitioner conceals any criminal antecedent.
- Provisional bail will be confirmed only after full repayment of the amount.
Topics: Criminal Bail; Loan Misappropriation