PRANAY ATUL MEHTA vs STATE OF MAHARASHTRA

Judgment text excerpt

907-ABA-1775-2025.DOC IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION ANTICIPATORY BAIL APPLICATION NO.1775 OF 2025 Pranay Atul Mehta …Applicant Versus The State of Maharashtra …Respondent Mr. Hrishikesh Subhedar (through Video Conferencing), for the Applicant. Ms. Savita M. Yadav, APP, for the Respondent-State. Mr. Arif Attar, Headconstable, attached to EOW, Pune, present. CORAM : MADHAV J. JAMDAR, J. PRONONCEDON: 30th JANUARY 2026 UPLOADED ON : 31st JANUARY 2026 JUDGMENT: 1. Heard Mr. Subhedar, learned Counsel appearing for the Applicant and Ms. Yadav, learned APP appearing for the Respondent-State. 2. This application is filed under Section 438 of the Code of Criminal Procedure, 1973 seeking pre-arrest bail in connection with C.R. No.84 of 2023 registered with Bundgarden Police Station, Pune, for the offences punishable under Sections 405, 420 read with 34 of the Indian Penal Code, 1860 and Section 3 of the Page 1 Sonali 907-ABA-1775-2025.DOC Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999. 3. Mr. Subhedar, learned Counsel appearing for the Applicant argued the matter for considerable time. He submitted that the Applicant is not involved in the crime. He relied on the Applicant’s statement recorded concerning complaint filed by the Applicant (Exhibit-D Page 90 to 95). He submitted that in fact the Applicant is the victim. He submits that although in the account of the Applicant about 17 persons deposited various amounts aggregating to about Rs.8,33,36,063/- the said amounts are immediately transferred in the account of “Ashtavinayak Investment Company”. He submits that although the main accused i.e. Sevalkumar Nadar and his wife Sneha Nadar transferred about 5 vehicles in his name including two Merced