- 1 - HC-KAR CNR: KAHC010649902026 NC: 2026:KHC:55329 CRL.P No. 14477 of 2026 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 5TH DAY OF OCTOBER, 2026 BEFORE THE HON'BLE MR. JUSTICE S VISHWAJITH SHETTY CRIMINAL PETITION NO. 14477 OF 2026 BETWEEN: IRSHAD U P @ IRSHAD S/O USMAN P.A. AGED ABOUT 34 YEARS RESIDING AT ANIYA HOUSE PUTHILA VILLAGE BELTHANGADY TALUK DAKSHINA KANNADA DISTRICT KARNATAKA - 574 326. …PETITIONER (BY SRI ANURAJ KOHI, ADV., FOR SRI DHANANJAY KUMAR, ADV.) AND: STATE OF KARNATAKA BY UPPINANGADY POLICE STATION REPRESENTED BY THE STATE PUBLIC PROSECUTOR, HIGH COURT OF KARNATAKA BENGALURU - 575 001. …RESPONDENT (BY SRI CHANNAPPA ERAPPA, HCGP) THIS CRL.P IS FILED U/S 439 CR.PC (FILED U/S 483 BNNS) PRAYING TO ENLARGE THE PETITIONER/ACCUSED NO.7 IN UPPINANGADY POLICE STATION CRIME NO.103/2026 REGISTERED FOR THE OFFENCES P/U/S 178 AND 181 OF THE BNS 2023 PENDING BEFORE THE SR.CIVIL JUDGE AND JMFC BELTHANGADY. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: Digitally signed by NANDINI M S Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR CNR: KAHC010649902026 NC: 2026:KHC:55329 CRL.P No. 14477 of 2026 CORAM: HON'BLE MR. JUSTICE S VISHWAJITH SHETTY ORAL ORDER 1. Accused No.7 in Crime No.103/2026 registered by Uppinangadi Police Station, Dakshina Kannada, for the offences punishable under Sections 178 and 181 of BNS, 2023, is before this Court in this petition filed under Section 483 of BNSS, 2023, seeking regular bail. 2. Heard the learned counsel for the parties. 3. FIR in Crime No.103/2026 was registered by Uppinangadi Police Station, Dakshina Kannada, for the aforesaid offence against Ibrahim and others based on the first information dated 16.07.2026 received from Suthesh K P, police officer attached to Uppinangadi Police Station, Dakshina Kannada. In the said case, petitioner, who is arraigned as accused No.7 in the FIR was arrested on 16.07.2026 and remanded to judicial custody. His bail application filed before the jurisdictional Sessions Court in Crl.Misc.No.700/2026 was dismissed on 07.09.2026. Therefore, he is before this Court. - 3 - HC-KAR CNR: KAHC010649902026 NC: 2026:KHC:55329 CRL.P No. 14477 of 2026 4. Perusal of the material on record would go to show that based on credible information received, raid was conducted to the premises where accused persons were allegedly printing counterfeit notes of Rs.500/-. Accused Nos.1 to 7, who were present in the premises were apprehended and following articles were recovered from the premises on which raid was conducted by police under a mahazar:- "Rs.500/- denomination Note-1, 21 A-4 seize sheets printed on A-4 size sheets that look like Rs.500/- denomination, BENQ compnay monitor-1, LAPCARE company CPU, Mouse and Key board, Paper blade cutters-2, Scale-2, Sky Lamp 380 Security thread Mimie Machine-1, Kyocera colour xerox/printer/scanner-1, Gandhiji Face seal, Security Threat of RBI -5 Box papers Plastic rolls containing green thread of RBI security, 920 PVC Galss white-1, Refinix RC 55 Hardner-1." 5. Perusal of the list of articles would go to show that in addition to one counterfeit note of Rs.500/- denomination, papers used to print the counterfeit note and also the machines have been seized in the present case. Investigation of the case is still under progress. Printing and circulation of counterfeit - 4 - HC-KAR CNR: KAHC010649902026 NC: 2026:KHC:55329 CRL.P No. 14477 of 2026 note has serious economic consequences which would not only affect the stability of country's economy, but also would trigger inflation. Under the circumstances, I am of the opinion that since investigation of the case is still under progress, it is not a fit case wherein prayer made by the petitioner for grant of regular bail can be entertained. Accordingly, the petition is dismissed. Sd/- (S VISHWAJITH SHETTY) JUDGE DN List No.: 1 Sl No.: 80