Karnati Srinivsulu v. State Of Telangana

THE HONOURABLE SMT. JUSTICE K. SUJANA CRIMINAL PETITION No.2429 of 2025 ORDER:

Seeking the Court to enlarge the petitioner in Crime No.1571 of of Vanasthalipuram Police Station, Rachakonda, on bail, the present Criminal Petition is filed. 2.

The brief facts of the case are that despite collecting the amounts from the victims in the said Janani Repo Projects Private Limited, the accused persons neither registered the plots nor returned the said amounts to the victims. Hence, a case was registered vide Crime No.1571 of 2024 before the Vanasthalipuram Police, Rachakonda, for the offences punishable under Sections 406, 420 and 120(b) of the IPC. 3.

Heard Sri Kongala Mohan Goud, learned counsel appearing on behalf of the petitioner as well as Sri Syed Yasar Mamoon, learned Additional Public Prosecutor appearing on behalf of the respondent-State.

4.

Learned counsel for the petitioner firstly submitted that the petitioner is innocent and he is no way concerned with the alleged offences. He secondly submitted that the petitioner is

only employee of the said Janani Repo Projects Private Limited and he is not connected with the amounts deposited by the victims/investors. He thirdly submitted that all the material witnesses were examined, and further detention of the petitioner is unnecessary. He fourthly submitted that the petitioner has been in judicial custody since 03.02.2025, causing undue hardship to his family. He fourthly submitted that previously bail application of the petitioner vide Crl.M.P.No.234 of 2025 was dismissed by the I Additional District and Sessions Judge, Ranga Reddy District at L.B.Nagar, on 13.02.2025, without valid reasons. He lastly submitted that the petitioner is resident of Yadadri Bhongiri District, with movable and immovable properties, and is willing to furnish sureties as directed and prayed the Court to grant bail to the petitioner by allowing this criminal petition. 5.

On the other hand, learned Additional Public Prosecutor opposed the submissions made by the learned counsel for the petitioner stating that the victims invested huge amounts in the said Janani Repo Projects Private Limited and also investigation is not yet completed, therefore, granting bail to the petitioner, at this stage, does not arise. Hence, he prayed the Court to dismiss the criminal petition.

6.

After considering submissions from both the parties and reviewing the record, it is apparent that that the only allegation against the petitioner, who is deputy general manager of the said Janani Repo Projects Private Limited, is that he collected the amounts from the victims at the insistence of the directors of the said Janani Repo Projects Private Limited. However, there is no specific allegation levelled against the petitioner that the said amounts were deposited in the bank account of the petitioner. Hence, since the petitioner is languishing in jail since 03.02.2025 and material part of investigation is also completed, this Court deems it fit to grant bail to the petitioner subject to the following conditions:

i.

The petitioner shall execute a personal bond for a sum of Rs.25,000/- (Rupees Twenty Five Thousand only) each, with two sureties for a like sum each to the satisfaction of the VII Additional Judicial Magistrate of First Class at Hayathnagar.

ii.

The petitioner shall appear before the concerned SHO at 11:00 a.m., on every Monday for a period of eight (8) week or till filing of charge sheet whichever is earlier, for the purpose of

investigation, and thereafter, as and when required.

iii.

The petitioner shall abide by the conditions stipulated in Section 437(3) of Cr.P.C.(presently, Section 480(3) of the BNSS).

7.

Accordingly, the Criminal petition is allowed. Miscellaneous applications, if any pending, shall stand closed.

_______________ K. SUJANA, J Date: 28.02.2025 gms

THE HONOURABLE SMT JUSTICE K. SUJANA CRIMINAL PETITION No.2429 of 2025 Date: 28.02.2025 gms