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.

Case disposed

CNR: UKHC010164082025

Filing Number

BA1/8479/2025

Filing Date

14-Oct-2025

Registration No

BA1/1963/2025

Registration Date

14-Oct-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

22-May-2026

Nature of Disposal

Contested--DISMISSED

Last updated 29-May-2026

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)

  1. 1.VELMURUGAN

    Adv. TUSHAR PRAJAPATI

Respondent(s)

  1. 1.STATE OF UTTARAKHAND Advocate - G.A.

Case History

  1. Case disposedDisposed

  2. 22-May-2026

    Hon'ble Mr. Justice Alok MahraView PDF

    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.

  3. 22-May-2026

    Bail Order Matters (After Fresh) -254

    Hon'ble Mr. Justice Alok Mahra

  4. 30-Apr-2026

    Hon'ble Mr. Justice Alok MahraView PDF

  5. 30-Apr-2026

    Bail Order Matters (After Fresh) -254

    Hon'ble Mr. Justice Alok Mahra

  6. 15-Apr-2026

    Hon'ble Mr. Justice Alok MahraView PDF

  7. 13-Apr-2026

    Bail Order Matters (After Fresh) -254

    Hon'ble Mr. Justice Alok Mahra

  8. 16-Mar-2026

    Hon'ble Mr. Justice Alok MahraView PDF

  9. 16-Mar-2026

    Order Matters - 106

    Hon'ble Mr. Justice Alok Mahra

  10. 09-Feb-2026

    Hon'ble Mr. Justice Alok MahraView PDF

  11. 09-Feb-2026

    Bail Order Matters (After Fresh) -254

    Hon'ble Mr. Justice Alok Kumar Verma

  12. 29-Dec-2025

    Bail Order Matters (After Fresh) -254

    Hon'ble Mr. Justice Alok Kumar Verma

  13. 08-Dec-2025

    Hon'ble Mr. Justice Alok Kumar VermaView PDF

  14. 08-Dec-2025

    Bail Order Matters (After Fresh) -254

    Hon'ble Mr. Justice Alok Mahra

  15. 20-Nov-2025

    Hon'ble Mr. Justice Alok MahraView PDF

  16. 20-Nov-2025

    Fresh Cases For Admission -3

    Hon'ble Mr. Justice Rakesh Thapliyal

  17. 17-Oct-2025

    Hon'ble Mr. Justice Rakesh ThapliyalView PDF

  18. 17-Oct-2025

    Fresh Cases For Admission -3

    Hon'ble Mr. Justice Alok Kumar Verma

  19. 16-Oct-2025

    Hon'ble Mr. Justice Alok Kumar VermaView PDF

  20. 16-Oct-2025

    First hearing

    Initial hearing scheduled

  21. 14-Oct-2025

    Case filed

    Registration No. BA1/1963/2025

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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