VELMURUGAN vs STATE OF UTTARAKHAND Advocate - G.A. — BA1/1963/2025

Case under Indian Penal Code, 1860 (Act No. 45 of 1860) Section 120B, 420, 34. Disposed: Contested--DISMISSED on 22nd May 2026.

CNR: UKHC010164082025

CASE DISPOSED

Filing Number

BA1/8479/2025

Filing Date

14-10-2025

Registration No

BA1/1963/2025

Registration Date

14-10-2025

Judge

Hon'ble Mr. Justice Alok Mahra

Coram

Hon'ble Mr. Justice Alok Mahra

Bench Type

Single Bench

Category

APPLICATIONS ( 5 )

Sub-Category

BAIL DURING INVESTIGATION ( 1 )

Judicial Branch

ALL SECTIONS (CIVIL AND CRIMINAL)

Decision Date

22nd May 2026

Nature of Disposal

Contested--DISMISSED

Acts & Sections

Indian Penal Code, 1860 (Act No. 45 of 1860) Section 120B, 420, 34
Information Technology Act, 2000 (Act No. 21 of 2000) Section 66D

Petitioner(s)

VELMURUGAN

Adv. TUSHAR PRAJAPATI

Respondent(s)

STATE OF UTTARAKHAND Advocate - G.A.

Hearing History

Judge: Hon'ble Mr. Justice Alok Mahra

16-10-2025

FRESH CASES FOR ADMISSION -3

22-05-2026

BAIL ORDER MATTERS (AFTER FRESH) -254

30-04-2026

BAIL ORDER MATTERS (AFTER FRESH) -254

13-04-2026

BAIL ORDER MATTERS (AFTER FRESH) -254

16-03-2026

ORDER MATTERS - 106

Orders

22-05-2026
Hon'ble Mr. Justice Alok Mahra

Case Summary: BA1/1963/2025 — Velmurugan v. State of Uttarakhand Velmurugan's bail application in a cryptocurrency fraud case was rejected. The applicant was accused of operating the "Bancoin" trading platform scam that defrauded a complainant of approximately ₹1.75 crore through fake investment promises and anti-money laundering clearance schemes. The court found the allegations serious and well-planned, noting that investigation revealed funds were transferred to an account associated with the applicant and he had prior criminal antecedents. However, to mitigate the prolonged custody (since July 2025), the trial court was directed to expedite proceedings without unnecessary adjournments. This case analysis is maintained by casestatus.in based on publicly available court records.

casestatus.in Summary

Case Summary: BA1/1963/2025 — Velmurugan v. State of Uttarakhand Velmurugan's bail application in a cryptocurrency fraud case was rejected. The applicant was accused of operating the "Bancoin" trading platform scam that defrauded a complainant of approximately ₹1.75 crore through fake investment promises and anti-money laundering clearance schemes. The court found the allegations serious and well-planned, noting that investigation revealed funds were transferred to an account associated with the applicant and he had prior criminal antecedents. However, to mitigate the prolonged custody (since July 2025), the trial court was directed to expedite proceedings without unnecessary adjournments. This case analysis is maintained by casestatus.in based on publicly available court records.

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