Case Law Details
B V Harish Vs State of Karnataka (Karnataka High Court)
In this case Karnataka High Court quashed and set aside a criminal case registered against founders of Bitcoin company, Unocoin for setting up a Bitcoin ATM in Bengaluru in 2018 as the case has been registered against the petitioners based on the Circular dated 06.04.2018 issued by the Reserve Bank of India and said Circular dated 06.04.2018 has been quashed by the Hon’ble Apex Court.
FULL TEXT OF THE HIGH COURT ORDER /JUDGEMENT
This petition is filed under Articles 226 and 227 of the Constitution of India r/w Section 482 of Cr.P.C., praying this Court to issue a writ in the nature of certiorari and/or any other writ or order or direction or declaration to quash the impugned FIR dated 23.10.2018 bearing General Dairy reference entry No.35 at 12:20 hours and lodged by respondent No.2 (Annexure-A1), impugned charge sheet dated 03.05.2019 filed by respondent No.2 before I ACMM, Bengaluru (Annexure-A7), the order dated 20.05.2019 of I ACMM, Bengaluru, taking cognizance of offences (Annexure-A7) and all proceedings in Crime No.3761/2018 arising therefrom before I ACMM; issue a writ in the nature of mandamus or any other writ or order or direction directing the respondents or other appropriate authority to return the property of the petitioners and Unocoin Technologies Private Limited which has been seized as a result of the impugned proceedings (as set out in the impugned charge sheet) and to direct the relevant banks to release/unfreeze the petitioners’ bank accounts which have been frozen as a result of the impugned proceedings (as set out in the impugned charge sheet) and such other reliefs.
2. The factual matrix of the case is that, the case has been registered against the petitioners based on the Circular dated 06.04.2018 issued by the Reserve Bank of India (Annexure-B) and FIR was registered, investigation was conducted and charge sheet has been filed.
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