Authority: Orissa High Court, Cuttack
Order Date: 14 July 2026
Case Overview
- Petition: Indrajit De vs. Central Bureau of Investigation, filed under Section 528 of B.N.S.S., 2023 read with Section 482 CrPC.
- Origin: Investigation into alleged unauthorised prize‑chit/money‑circulation scheme by Tower Infotech Ltd; case re‑registered by CBI as RC 10(S)/2014.
- Disputed transaction: ₹2.50 crore transferred in FY 2009‑2010 from Tower Infotech Ltd to Eden Infra Projects Pvt. Ltd., claimed by petitioner as part of a proposed ₹10 crore investment and recorded as an unsecured loan.
- CBI’s supplementary charge‑sheet dated 26‑12‑2022 alleged offences under Sections 120‑B, 420, 409 IPC and Sections 4, 5, 6 of the Prize Chits and Money Circulation Schemes (Banning) Act, 1978.
- Petitioner's discharge application under Section 239 CrPC was rejected by the Special CJM on 03‑09‑2025; the present CRLMC challenges that rejection.
Final Outcome
- The High Court set aside the 03‑09‑2025 order and discharged Indrajit De from all offences in SPE No. 05 of 2014.
- The court held that the charge‑sheet did not prima facie disclose the essential ingredients of Sections 420, 409, 120‑B IPC or the 1978 Prize Chits Act.
- Earlier interim orders are vacated.
- The court clarified that the investigating agency may resume proceedings only if fresh, cogent evidence emerges.
Topics: Criminal Procedure, Economic Offences, Prize‑Chit Scheme