Authority: High Court of Judicature at Madras

Order Date: 02 November 2026

Case Overview

  • Petitioner: Parthasarathi (represented by Mr. R. Sankarasubbu)
  • Respondent: State represented by Inspector of Police, CCB, Salem City Police Station (Government Advocate Mr. M.M.I. Khaleel)
  • Criminal Revision Petition No. CRL.O.P.No.31724 of 2026, Crime No.36 of 2026 filed by the police.
  • Alleged offences under Sections 61(2), 316(2) and 318(4) of the BNS Act, 2023.
  • Petitioner operated an office named "S V Grand Properties" in Salem, promising investors house plots within 100 days or double their investment.
  • A de‑facto complainant paid Rs 21,50,000 on 24‑07‑2025 and received an unregistered agreement deed; the promise was not fulfilled and the office was later found locked.
  • Total amount alleged to be cheated: Rs 51 lakhs from approximately 12 victims; one similar case remains pending.
  • Petitioner was arrested and placed in judicial custody on 07‑09‑2026.
  • Petitioner repaid Rs 7,20,000 to the complainant (evidence pages 14‑17) and undertook to repay the remaining balance within four weeks of release.
  • Government Advocate acknowledged the repayment but opposed bail, citing the magnitude of the fraud.
  • The Court previously declined bail due to the large financial loss but reconsidered in view of the partial repayment and undertaking.

Final Outcome

  • The Court grants regular bail to the petitioner on strict terms.
  • Petitioner must execute a bail bond of Rs 25,000 with two sureties, each providing Rs 25,000, to the satisfaction of the Judicial Magistrate‑V, Salem.
  • Conditions imposed:

a) File an affidavit confirming repayment of the remaining balance within four weeks of release.

b) Sureties must affix photographs and left thumb impressions on Form No.46 and provide identity proof.

c) Petitioner must report daily to the respondent police at 10:30 a.m. until further orders.

d) No absconding during investigation or trial.

e) No tampering with evidence or witnesses; no contact with witnesses, officials, or related persons.

f) Breach of conditions may lead to appropriate orders as per law, referencing Supreme Court judgment in P.K. Shaji vs. State of Kerala [(2005) 13 SCC 283].

g) If the accused absconds, a fresh FIR may be registered under Section 269 of the B.N.S. Act.

  • The order is to be uploaded forthwith on the Court’s official website, watermarked and bearing a QR code.
  • Copies of the order are to be sent to the Judicial Magistrate‑V, Salem; Superintendent, Central Prison, Salem; Inspector of Police, CCB, Salem City Police Station; and the Public Prosecutor, High Court of Madras.

Topics: Criminal Bail, Financial Fraud