Chhattisgarh High Court
Criminal Procedure and EvidenceBanking and Finance Law

Anticipatory bail granted considering advanced age and medically supported ailments, without commenting on merits.

RAJLAXMI SHARAF vs CENTRAL BUREAU OF INVESTIGATION

Chhattisgarh High CourtJUDGMENT: September 01, 20262 MIN READSOURCE JUDGMENT
Anticipatory bail granted considering advanced age and medically supported ailments, without commenting on merits.. RAJLAXMI SHARAF vs CENTRAL BUREAU OF INVESTIGATION. Chhattisgarh High Court. LawLens
THE ORIGINAL LAWLENS SUMMARY
01

Facts

The applicant, a 71-year-old Director of M/s Dhamtari Kpex Pvt. Ltd., sought anticipatory bail under Section 482 of the Bharatiya Nagarik Suraksha Sanhita, 2023, apprehending arrest in Crime No. RC0732026E0012/2024 registered by the CBI, Kolkata, for offences under Sections 7, 13(2) and 13(1)(a) of the Prevention of Corruption Act and Sections 420, 409, 477A and 120B of the IPC.

Source reference: para. 1

The prosecution alleged that the applicant and other accused persons fraudulently obtained credit facilities of approximately ₹15 crores from Union Bank of India and diverted the funds to sister concerns, causing wrongful loss to the bank; the loan account was declared NPA with an outstanding liability of approximately ₹11.38 crores.

Source reference: para. 2

The applicant claimed that she had been induced by co-accused persons, that her signatures had been obtained on blank papers, and that she had complained to the police and bank after learning of the alleged fraud. She also relied on her age and medical condition and stated that she had obtained interim bail by an earlier order dated 17.08.2026.

Source reference: para. 3

The CBI opposed the application on the ground that, as a Director, she had connived in obtaining and diverting the credit facilities.

Source reference: para. 4
02

Issues

Whether the applicant, a 71-year-old Director accused of participating in an alleged bank-loan fraud, was entitled to anticipatory bail under Section 482 of the BNSS.

Source reference: paras. 1, 6

Whether the applicant’s advanced age and supported medical condition justified protection from arrest, notwithstanding the allegations of financial fraud and diversion of bank funds.

Source reference: para. 6
03

Law Applied

The Court applied Section 482 of the Bharatiya Nagarik Suraksha Sanhita, 2023, which empowers the High Court to grant anticipatory bail where a person apprehends arrest for a non-bailable offence.

Source reference: para. 1

In exercising this discretion, the Court considered the nature of the allegations, the material available in the case diary, the circumstances of the dispute, and the applicant’s personal and medical circumstances.

Source reference: para. 6
04

Reasoning

The Court acknowledged the prosecution’s allegation that the applicant, as a Director, had acted in connivance with the co-accused to fraudulently obtain ₹15 crores in credit facilities and divert the funds to sister concerns.

Source reference: para. 6

However, while assessing the discretionary relief of anticipatory bail, it gave substantial weight to the applicant’s age of 71 years and her recent medical ailments, which were supported by a medical report.

Source reference: para. 6

Without making any definitive finding on whether she was involved in the alleged fraud, the Court concluded that these circumstances justified protection from arrest. The applicant’s prior complaints and reliance on interim bail were also part of the submissions considered by the Court.

Source reference: paras. 3, 6
05

Holding

The High Court allowed the anticipatory bail application and directed that, in the event of her arrest, Rajlaxmi Sharaf be released on executing a personal bond with one surety in the like amount to the satisfaction of the arresting officer.

The relief was subject to conditions prohibiting intimidation or inducement of witnesses, conduct prejudicial to a fair and expeditious trial, non-appearance before the trial court, submission and verification of Aadhaar and photograph documents, and involvement in offences of a similar nature.

Source reference: para. 7(a)–(e)
06

Acts & Sections Cited

6 provisions across 4 statutes referred to in this judgment. Each provision opens on LawLens.

Bharatiya Nagarik Suraksha Sanhita, 20231

Prevention of Corruption Act, 19882

Indian Penal Code, 18602

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 20021

Chhattisgarh High Court

Original Court PDF

RAJLAXMI SHARAFvsCENTRAL BUREAU OF INVESTIGATION

Chhattisgarh High Court · September 01, 2026

Click to open original judgment

Original judgment, available to read, download and summarize on LawLens.in

Click to open original judgment