Give and take wrorld vs competent authority under BUDS — 5687/2025

Case under The Banning of Unregulated Deposit Schemes Act, 2019 Section 14. Disposed: Contested--DISMISSED on 18th April 2026.

Case disposed

Crl.MP - CRIMINAL MISCELLANEOUS PETN.

CNR: KLTR010098532025

Filing Number

5687/2025

Filing Date

23-Sep-2025

Registration No

5687/2025

Registration Date

24-Sep-2025

Court

District And Sessions Court / Rent Control Appellate Authority, Thrissur

Judge

3-III Addl. District and Sessions Judge, Thrissur

Decision Date

18-Apr-2026

Nature of Disposal

Contested--DISMISSED

Last updated 15-Jun-2026

Acts & Sections

The Banning of Unregulated Deposit Schemes Act, 2019 Section 14

Petitioner(s)

  1. 1.Give and take wrorld

    Adv. EDISON THOMAS T

  2. 2.prasanth panachikkal

    Adv. EDISON THOMAS T

Respondent(s)

  1. 1.competent authority under BUDS

Case History

  1. Case disposedDisposed

  2. 18-Apr-2026

    OrderView PDF

    Case Summary: 5687/2025 The court dismissed the petition filed by GiveNtake World and Prasanth Panachikkal seeking release of attached vehicles and defrozen bank accounts. The court found prima facie evidence that the accused operated an illegal pyramid scheme disguised as a digital platform, fraudulently collecting over ₹15 crores from numerous victims by promising unrealistic returns (up to ₹82,95,500) contingent on recruiting new members—constituting violations of the BUDS Act, 2019 and Prize Chit and Money Circulation Schemes (Banning) Act, 1978. Under Section 15(4)(b) of the BUDS Act, the court refused to release attached property unless sufficient assets remained for victim restitution; since no such alternative assets existed and irreparable harm to depositors would result, the petition was dismissed as devoid of merit. This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 18-Apr-2026

    Disposed

    III Addl. District and Sessions Judge, Thrissur

  4. 16-Apr-2026

    Adjourned

    III Addl. District and Sessions Judge, Thrissur

  5. 13-Apr-2026

    For Hearing

    III Addl. District and Sessions Judge, Thrissur

  6. 07-Apr-2026

    For Hearing

    III Addl. District and Sessions Judge, Thrissur

  7. 04-Apr-2026

    For Hearing

    III Addl. District and Sessions Judge, Thrissur

  8. 31-Mar-2026

    For hearing in Cmp

    III Addl. District and Sessions Judge, Thrissur

  9. 24-Mar-2026

    For Hearing

    III Addl. District and Sessions Judge, Thrissur

  10. 16-Mar-2026

    Order/ Judgement

    III Addl. District and Sessions Judge, Thrissur

  11. 10-Mar-2026

    Order/ Judgement

    III Addl. District and Sessions Judge, Thrissur

  12. 04-Mar-2026

    Order/ Judgement

    III Addl. District and Sessions Judge, Thrissur

  13. 27-Feb-2026

    Order/Judgement

    III Addl. District and Sessions Judge, Thrissur

  14. 24-Feb-2026

    Order/ Judgement

    III Addl. District and Sessions Judge, Thrissur

  15. 23-Feb-2026

    For Hearing

    III Addl. District and Sessions Judge, Thrissur

  16. 20-Feb-2026

    For reports

    III Addl. District and Sessions Judge, Thrissur

  17. 13-Feb-2026

    For reports

    III Addl. District and Sessions Judge, Thrissur

  18. 05-Feb-2026

    For reports

    III Addl. District and Sessions Judge, Thrissur

  19. 17-Jan-2026

    For reports

    III Addl. District and Sessions Judge, Thrissur

  20. 24-Dec-2025

    For Hearing

    III Addl. District and Sessions Judge, Thrissur

  21. 15-Dec-2025

    Adjourned

    III Addl. District and Sessions Judge, Thrissur

  22. 17-Nov-2025

    No sitting notified

    III Addl. District and Sessions Judge, Thrissur

  23. 25-Oct-2025

    Issue notice

    III Addl. District and Sessions Judge, Thrissur

  24. 25-Sep-2025

    First hearing

    Initial hearing scheduled

  25. 23-Sep-2025

    Case filed

    Registration No. 5687/2025

casestatus.in Summary

Case Summary: 5687/2025 The court dismissed the petition filed by GiveNtake World and Prasanth Panachikkal seeking release of attached vehicles and defrozen bank accounts. The court found prima facie evidence that the accused operated an illegal pyramid scheme disguised as a digital platform, fraudulently collecting over ₹15 crores from numerous victims by promising unrealistic returns (up to ₹82,95,500) contingent on recruiting new members—constituting violations of the BUDS Act, 2019 and Prize Chit and Money Circulation Schemes (Banning) Act, 1978. Under Section 15(4)(b) of the BUDS Act, the court refused to release attached property unless sufficient assets remained for victim restitution; since no such alternative assets existed and irreparable harm to depositors would result, the petition was dismissed as devoid of merit. This case analysis is maintained by casestatus.in based on publicly available court records.

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