Facts
The applicant, Akhilesh Singh, was arrested on January 24, 2025, in connection with Crime No. 585/2024 for allegedly operating a fraudulent investment scheme under "Flora Max Company".
Source reference: p. 1, 4It is alleged that the applicant, acting as Director/President, conspired with others to induce women to invest ₹30,000 or take bank loans under the guise of self-reliance projects (sarees and ration items), promising monthly returns of ₹2,700.
Source reference: p. 2The prosecution alleged misappropriation and embezzlement of these funds.
Source reference: p. 2The applicant sought regular bail on the grounds of parity with co-accused persons already released, prolonged detention of over one year, and the fact that a charge-sheet had already been filed.
Source reference: p. 2-3The State opposed the bail, citing the applicant's four criminal antecedents.
Source reference: p. 3Issues
1. Whether the applicant is entitled to the grant of regular bail under Section 483 of the Bhartiya Nagarik Suraksha Sanhita, 2023, on the grounds of parity and prolonged pretrial detention.
Source reference: p. 1, 4Law Applied
The court applied Section 483 of the Bhartiya Nagarik Suraksha Sanhita, 2023 (BNSS), governing the power of the High Court to grant bail.
Source reference: p. 1It relied on the principle of parity, citing the Supreme Court’s grant of bail in Santosh Das Manikpuri v. State (SLP (Crl.) No. 16293/2025) and its own previous orders in Raju Singh (M.Cr.C. No. 255/2026) and Ishwar Das Mahant (M.Cr.C. No. 10493/2025).
Source reference: p. 4These precedents establish that where co-accused in identical circumstances are released due to prolonged detention and the filing of a charge-sheet, the petitioner is entitled to similar relief.
Source reference: p. 4Reasoning
The court observed that the applicant has been in custody since early 2025 and that the investigation is complete, with the charge-sheet already filed.
Source reference: p. 4Although the State raised concerns regarding the applicant’s criminal antecedents, the court balanced this against the fact that there are 254 cited witnesses, making the timely conclusion of the trial unlikely.
Source reference: p. 3-4Most significantly, the court found the applicant’s situation identical to several co-accused persons who had already been granted bail by both the High Court and the Supreme Court on the grounds of prolonged detention.
Source reference: p. 4Consequently, the court determined that continuing the applicant’s incarceration during the trial was not warranted given the established parity.
Source reference: p. 4Holding
The Court allowed the application and directed the release of the applicant on regular bail upon furnishing a personal bond with two local sureties.
The holding was based on the principle of parity and the likelihood of a protracted trial.
Source reference: p. 4The release is subject to strict conditions, including a prohibition on seeking unnecessary adjournments, mandatory presence during key trial stages (framing of charges and recording of statements), and compliance with proceedings under Sections 209 and 269 of the Bharatiya Nyaya Sanhita in the event of default or misuse of liberty.
Source reference: p. 4-5Original Court PDF
Akhilesh Singh v. State of Chhattisgarh [2026:CGHC:11052]
Click to open original judgment
Original judgment, available to read, download and summarize on LawLens.in