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2023 (3) TMI 1526

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..... Penal Code and Sections 3, 4, 5 of the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999 - HELD THAT:- The applicant submits that pursuant to the order passed by this Court dated 14 February 2023, the applicant has deposited the said amount of Rs. 75,00,000/-. 6. Considering the facts and circumstances of the case and as the applicant is in jail for about th .....

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..... der Section 439 of the Code of Criminal Procedure, 1973 for grant of bail. 2. The applicant came to be arrested in Crime No. 26 of 2020 registered at Shivaji Nagar Police Station, Pune for the offences punishable under Sections 420, 406, 408, 409, 468, 471 r/w 34 of Indian Penal Code and Sections 3, 4, 5 of the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 199 .....

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..... ing the facts and circumstances of the case and as the applicant is in jail for about three years, I am inclined to release the applicant on bail. Hence, the following order is passed : (i) Application is allowed. (ii) The applicant - Suryaji Pandurang Jadhav be released on bail in Crime No. 26 of 2020 registered at Shivaji Nagar Police Station, Pune for the offences punishable under Sections 420, .....

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