Takshasila Trust Bailable Warrant Set Aside

Authority: High Court of Odisha, Cuttack (Bench of Hon'ble Mr. Justice Sibo Sankar Mishra)

Order Date: 08 October 2026

Case Overview

• Parties: Petitioners – Takshasila Bharatiya Vidya Niketan, Educational Trust, Dhenkanal & another; Respondents – General Manager, Reserve Bank of India, Bhubaneswar & another.
• Proceedings: The petitioners were charged under Section 138 of the Negotiable Instruments Act, 1881 in ICC No.2073 of 2026 before the Judicial Magistrate First Class (J.M.F.C.) – V, Bhubaneswar.
• Prior Order: On 24 August 2026, the J.M.F.C. issued bailable warrants against the petitioners for non‑appearance.
• Petitioner's Claim: The petitioners approached the High Court seeking quashing of the entire proceeding and specifically the bailable warrant.
• Counsel's Submission: Petitioners intend to file an appropriate application before the trial court raising all contentions; they seek indulgence to set aside the warrant.

Final Outcome

• The High Court set aside the bailable warrant dated 24 August 2026, subject to the petitioners appearing before the trial court on 12 October 2026.
• The petitioners may raise their contentions before the trial court by filing a suitable application; the trial court will consider them in accordance with law.
• The certified copy of the 24 August 2026 order was taken on record.
• An urgent certified copy of this High Court order is to be granted to the petitioners upon proper application.

Topics: Legal Proceedings, Negotiable Instruments Act