Authority: High Court of Judicature for Rajasthan, Bench at Jaipur
Order Date: 02/11/2026
Case Overview
- Petitioner: Nikhil Luthra, 28, residing in Delhi, presently confined in Central Jail Jaipur.
- Respondent: State of Rajasthan, represented by PP.
- Criminal Miscellaneous Bail Application No. 15295/2026.
- Alleged offence: cyber fraud amounting to approximately ₹62,00,000. Two transfers of ₹16,00,000 each (total ₹32,00,000) from Axis Bank account No. 910010024795857 on 16.01.2025 to IDFC Bank account No. 10211939060, which is in the name of Terapls Pvt Ltd, where the petitioner serves as second director.
- Additional complaints: 11 complaints on the IDFC account and 18 complaints on AU Small Finance Bank account No. 2502265765120941 recorded on the coordination portal.
- Prior criminal history: five pending cases, including one cyber‑fraud case and three under the Arms Act, indicating the petitioner as a habitual offender.
- Legal provisions invoked: IPC sections 318(4), 319(2), 61(2)(B) 2023 and IT Act (Amended) 2008 sections 66C, 66D.
- Arguments: petitioner contended lack of evidence and sought bail; prosecution emphasized the seriousness of the fraud, the petitioner’s role as director, and prior offences.
Final Outcome
- The court rejected the bail petition under Section 483 of the Indian Criminal Procedure Code, ordering that the petitioner remain in custody.
Topics: Cyber Fraud, Bail Denial