CRLP/9904/2026 of Parag Kumar Kaserwal Vs The State of Telangana on 8 July 2026

ORDER

This Criminal Petition is filed praying this Court to enlarge the petitioner on bail who is arrayed as accused No.1 in Crime No.77 of 2026 before the CCS Detective Department,

SKS,J Crl.P.No.9904 of 2026

Hyderabad, registered for the offence punishable under Sections 318(4) read with 61(2) of BNS.

2. The brief facts of the case are that the petitioner allegedly induced several persons to invest in his gold and silver business by assuring high returns, collected huge amounts, failed to repay the investors, and allegedly cheated them, leading to registration of the present crime for the offence under Section 318(4) of BNS.

3. Heard Sri E. Sudhanshu Rao, learned counsel appearing on behalf of the petitioner, and Sri D. Arun Kumar, learned Additional Public Prosecutor appearing on behalf of the respondent–State.

4. Learned counsel for the petitioner submitted that the allegations, even if accepted, do not constitute the offence under Section 318(4) of BNS, as the dispute is purely civil in nature; the petitioner had issued security cheques and made part payments, there was no dishonest intention from the inception and the material part of the investigation is

SKS,J Crl.P.No.9904 of 2026

completed. Therefore, he prayed the Court to grant bail to the petitioner by allowing this Criminal Petition.

5. On the other hand, the learned Additional Public Prosecutor opposed the petition contending that there are serious allegations of cheating several investors involving huge amounts, the investigation is still in progress, and releasing the petitioner at this stage may hamper the investigation. Therefore, he prayed for dismissal of the criminal petition.

6. In the light of the submissions made by both the learned counsel and a perusal of the material available on record, it appears that the petitioner is in jail since 23.05.2026. As seen from the record, the material part of the investigation has been completed and L.Ws.1 to 18 witnesses have been examined and there are no other case pending against the petitioner.

Considering the facts and circumstances of the case and the incarceration period of the petitioner, 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/-

SKS,J Crl.P.No.9904 of 2026

(Rupees Twenty Five Thousand only) each, with two sureties for a like sum each to the satisfaction of the XII Additional Chief Judicial Magistrate, Hyderabad. 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: 08.07.2026 SAI

SKS,J Crl.P.No.9904 of 2026

THE HONOURABLE SMT JUSTICE K. SUJANA

CRIMINAL PETITION No.9904 of 2026

Date: 08.07.2026 SAI