NEELAM RAJENDRA NANAWARE vs STATE OF MAHARASHTRA

Judgment text excerpt

Digitally signed by ARUNA ARUNA SANDEEP SANDEEP TALWALKAR TALWALKAR Date: Cr.APPEAL350.2025.odt 2025.05.03 12:35:32 +0530 IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL APPEAL NO. 350 OF 2025 Smt. Neelam Rajendra Nanaware. Age : 58 yrs.. R/at Flat No. A/302-303, New Kalparaj Apartment, Vallipir Road, Opp. Zozwala Petrol Pump, Bailbazar, Kalyan, Thane 421301. … Appellant. Versus The State of Maharashtra. (Through EOW Mumbai). … Respondent. **** Mr. Chaitanya Pendse, Advocate for the Appellant. Mr. Vinod S. Chate, APP for Respondent/State. **** CORAM : RAVINDRA V. GHUGE AND ASHWIN D. BHOBE, JJ. RESERVED ON : 25th APRIL, 2025 PRONOUNCED ON : 2nd MAY, 2025. JUDGMENT : (PER ASHWIN D. BHOBE, J) 1. Heard Mr. Chaitanya Pendse, Advocate for the Appellant and Mr. Vinod S. Chate, learned APP for the Respondent State. 2. Admit. By consent of parties matter taken up for final hearing. 3. By the present appeal filed under Section 11 of the Maharashtra Protection of Interest of Depositors (In Financial Talwalkar 1 Cr.APPEAL350.2025.odt Establishment ) Act, 1999 (for short “MPID Act”), Appellant assails the order dated 20.03.2025 (for short “impugned order”), passed by the Designated Court under MPID Act, City Civil and Sessions Court, Mumbai (for short “Trial Court”), by which the Trial Court has dismissed the application dated 15.01.2025 (Exh. 35) filed by the Appellant under Section 227 of the Code of Criminal Procedure, 1973 ( for short “Cr.P.C.”), seeking discharge in MIPD Special Case No. 23/2020 from offences charged under section 406, 420, r/w section 34 of the Indian Penal Code, 1860 (for short “IPC”), Section 3 and Section 4 of the MPID Act. Case of the Prosecution:- 4. Mr. Rajendra Pawar, Mr. Prakash Dighe, Mr. Setu Nair and Mr. Mahesh Ked