M/S. DULISONS CEREALS THROUGH ITS PROPRIETOR SMT. KANTA GUPTA vs STATE OF MAHARASHTRA AND ANR.

PREETI HEERO JAYANI P.H. Jayani 21 APEAL5.2024.doc 1. The State of Maharashtra (Through Competent Authority appointed under the MPID Act, 1999 3rd floor, MPID branch, Old Custom House, Mumbai – 400001 …. Respondent No.1 (Orig. Applicant) 2. National Spot Exchange Ltd. A Company incorporated under the Companies Act 1956 and having its Office at Malkani Chambers, 1st Floor, Off. Nehru Road, Near Hotel Orchid, Vile Parle (East), Mumbai – 400 099 …. Respondent No.2 (Orig. Intervenor) _______________________________ Mr. Vinay Bhanushali a/w. Mr. Abhiraj Rao, Mr. Sanmit Vaze and Ms. Diksha Sharma for the Appellant. Ms. Leena Patil, Special PP a/w. Smt. P.P. Shinde, APP for Respondent No.1 – State. Mr. Arvind Lakhawat a/w. Mr. Nimeet Sharma, Mr. Vinit Vaidya, Adv. Jalpa Shah and Ms. Himani Narula i/b. MZM Legal LLP for Respondent No.2. _______________________________ CORAM: A.S. GADKARI AND SHYAM C. CHANDAK, JJ. RESERVED ON : 3rd FEBRUARY, 2026 PRONOUNCED ON : 10th MARCH, 2026 JUDGMENT : [PER : SHYAM C. CHANDAK, J.] :- 1) Present Appeal filed under Section 11 of The Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1/22 P.H. Jayani 21 APEAL5.2024.doc 1999