Expedite trial in chit fund case Orissa high court

  • | Saturday | 9th March, 2019

Taking into account the period of detention of the petitioner in judicial custody, the trial court shall do well to expedite the trial without granting unnecessary and flimsy adjournments to either of the parties, Justice Sahoo said in his order on Wednesday. Some of the persons co-accused in the case — Rashmi Ranjan Paikray, Sukanta Kumar Mohapatra and Subash Chandra Srichandan — had already been released on bail by the high court.Swetanga had sought bail this time on the ground of parity and equity with the co-accused persons. While rejecting the bail plea, the single-judge bench of Justice SK Sahoo held that such orders of bail to the co-accused persons can never form the basis for a claim of parity for the petitioner. CUTTACK: The Orissa high court has called for expediting trial in the case involving alleged unauthorized collection of deposits and duping of investors by the Ashirbad Group of Companies.The court issued the direction while taking into account the period of detention (3 years) of Swetanga Pattanaik, director of Ashirbad Multipurpose Cooperative Limited, on Wednesday.Swetanga, who was in jail custody since arrest on January 3, 2016, had moved the high court for bail for the third successive time.While a chargesheet was submitted on December 6, 2016, only four of the 128 charge-sheet witnesses had been examined as part of the trial so far in the designated court in Cuttack for cases under Odisha Protection of Interests of Depositors (in financial establishments) Act, 2011.

CUTTACK: The Orissa high court has called for expediting trial in the case involving alleged unauthorized collection of deposits and duping of investors by the Ashirbad Group of Companies.The court issued the direction while taking into account the period of detention (3 years) of Swetanga Pattanaik, director of Ashirbad Multipurpose Cooperative Limited, on Wednesday.Swetanga, who was in jail custody since arrest on January 3, 2016, had moved the high court for bail for the third successive time.While a chargesheet was submitted on December 6, 2016, only four of the 128 charge-sheet witnesses had been examined as part of the trial so far in the designated court in Cuttack for cases under Odisha Protection of Interests of Depositors (in financial establishments) Act, 2011. Some of the persons co-accused in the case — Rashmi Ranjan Paikray, Sukanta Kumar Mohapatra and Subash Chandra Srichandan — had already been released on bail by the high court.Swetanga had sought bail this time on the ground of parity and equity with the co-accused persons. While rejecting the bail plea, the single-judge bench of Justice SK Sahoo held that such orders of bail to the co-accused persons can never form the basis for a claim of parity for the petitioner. Taking into account the period of detention of the petitioner in judicial custody, the trial court shall do well to expedite the trial without granting unnecessary and flimsy adjournments to either of the parties, Justice Sahoo said in his order on Wednesday.

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