Mahesh Laxman Shinde v. State of Maharashtra
Case brief
What is this about?
Bail granted to directors of a cooperative credit society (patsanstha); MPID Act, 1999 offence; loan sanctions without surety documents and forged surety papers; misappropriation of Rs.13,09,96,722/- during 2011-2022; Crime No.585/2024, Karad City Police Station, Satara; IPC Sections 420, 406, 408, 465, 467, 471, 120B read with Section 34; MPID Act Sections 3 and 4; FIR by Special Auditor Dhanajay Chandrakant Gade; applicants received no part of misappropriated amount; custody six months to one year; no other criminal antecedents; P.R. Bond Rs.25,000/- each; condition of monthly attendance on first Saturday till trial; intervenor Ramesh Shivaji Salunkhe; common order in BA 4004/2024, BA 4026/2024 and BA 1079/2025.
What did the court decide?
Applicants directed to be released on bail in connection with Crime No.585 of 2024 (Karad City Police Station, Satara) on executing P.R. Bond of Rs.25,000/- each with one or two sureties in the like amount, subject to attending the concerned Police Station once a month on the first Saturday between 11:00 a.m. to 1:00 p.m. till conclusion of trial; interim applications for intervention disposed of accordingly.