Authority: High Court for the State of Telangana, Hyderabad

Order Date: 06 July 2026

Case Overview

  • Petitioner: Smt. Perala Sri Vidya (petitioner/A.2).
  • Respondent: The State of Telangana represented by Public Prosecutor through SHO, Chaitanyapuri Police Station, Rangareddy District.
  • FIR No.162 of 2025 filed at Chaitanyapuri Police Station, Rachakonda Commissionerate, alleging offences under Sections 318(4) and 316(2) of the BNS and Section 5 of the Telangana Protection of Depositors and Financial Establishment Act, 1999.
  • Complaint dated 18 February 2025 alleges investor deposited Rs.20,00,000 in Akshara Townships Pvt Ltd via Union Bank of India, promised double returns of Rs.40,00,000 after five years, but the company became insolvent in 2023.
  • Accused include Akshara Group Chairman Mr. Srinivas Rao (arrested, later released on bail) and petitioner, alleged to have been a director and to have facilitated the scheme.
  • Petitioner's counsel argued lack of specific allegations, resignation from directorship prior to transactions, and that the matter is civil, not criminal; also cited procedural violations including non‑issuance of notice and multiple FIRs.
  • Respondent's counsel argued seriousness of offence, petitioner’s active role as director, and need for custodial interrogation.

Final Outcome

  • Court granted regular bail to petitioner subject to:

i. Execution of personal bond of Rs.25,000 with two sureties of equal amount.

ii. Appear before the concerned SHO every Monday between 09:00 and 17:00 for eight weeks or until charge sheet filing, whichever earlier.

iii. Compliance with conditions of Section 437(3) Cr.P.C. (now Section 480(3) BNSS).

  • All pending miscellaneous applications, if any, are ordered closed.

Topics: Criminal Bail, Depositor Fraud