Authority: High Court for the State of Telangana, Hyderabad

Order Date: 15 July 2026

Case Overview

  • Parties: Petitioner Ramavath Madhu (A.1) versus the State of Telangana represented by the Public Prosecutor and EOW (Cyberabad) Police Station.
  • Nature of Proceedings: Criminal Petition No.10655 of 2026 filed under Sections 480 & 483 of the Bharatiya Nagarik Suraksha Sanhita, 2023 seeking bail for the petitioner who is accused No.1 in Crime No.27 of 2026.
  • Allegations: The petitioner, along with co‑accused, is alleged to have collected approximately Rs 6,58,50,000 from 33 investors by promoting an investment scheme under the name Subhakshetra Projects Private Limited. Promises included registration of a 102‑square‑yard plot in a DTCP‑approved venture, monthly returns of Rs 25,000 for 42 months, and insurance coverage of Rs 5,00,000 on an investment of Rs 5,00,000 per investor.
  • Investor Actions: Investors paid the amounts through bank transfers, cash, and cheques. When returns were not paid and plots not registered, investors demanded refunds; the accused allegedly postponed repayment and threatened them.
  • Legal Submissions: Counsel for the petitioner argued the matter is a civil dispute over non‑performance of contractual obligations, with no fraudulent intent, and that the petitioner has cooperated with investigation, has no prior criminal record (except related cases), and should be granted bail on parity with co‑accused (A.2 granted bail on 03‑07‑2026, A.5 granted anticipatory bail on 14‑05‑2026). The prosecution contended the offence is a serious economic crime with prima‑facie material, risk of evidence tampering, and therefore bail should be denied.
  • Investigation Status: Petitioner has been in judicial custody since 17‑Apr‑2026; 32 witnesses have been examined; no charge sheet has been filed to date.

Final Outcome

  • The Court granted bail to Ramavath Madhu subject to the following conditions:

1. Execution of a personal bond of Rs 25,000 with two sureties each providing a similar amount, to be approved by the Judicial Magistrate of First Class, Ranga Reddy District, L.B. Nagar.

2. Appear before the concerned SHO every Monday between 09:00 a.m. and 05:00 p.m. for a period of eight (8) weeks or until the filing of the charge sheet, whichever is earlier, for investigation purposes, and thereafter as required.

3. Compliance with the conditions stipulated in Section 483(2) of the Bharatiya Nagarik Suraksha Sanhita.

  • The petition is allowed, and any other pending miscellaneous petitions shall stand closed.

Topics: Bail Grant, Financial Fraud, Investment Scheme