Shreyas Sanjay Mane vs State of Maharashtra — Cheating and Forgery | Bombay HC (2025)

Shreyas Sanjay Mane vs State of Maharashtra — Cheating and Forgery | Bombay HC (2025)

What the court decided

AI extract

Outcome

Release on bail in connection with Crime No. 382 of 2024 registered at Ichalkaranji Police Station, District Kolhapur, on executing a P.R. Bond of Rs.25,000/- with one or two sureties in the like amount; liberty to deposit Rs.24,90,000/- with Sangli Urban Co-operative Bank, Islampur; released warrant not to be issued until the deposit receipt is produced on the record of the trial Court.

Issue for consideration

Whether the applicant, accused No.10 in Crime No. 382 of 2024 registered at Ichalkaranji Police Station, District Kolhapur, for offences punishable under Sections 420, 407, 409, 465, 467, 468, 471 r/w Section 34 & 201 of the Indian Penal Code, should be released on regular bail.

Court's answer

Considering that the applicant has been in jail for six months, has no other criminal antecedents, and is willing to deposit the entire loan amount of Rs.24,90,000/- with Sangli Urban Co-operative Bank, Islampur, the Court was inclined to release him on bail.

Ratio / Principle

The applicant is directed to be released on bail in connection with Crime No. 382 of 2024 on executing a P.R. Bond of Rs.25,000/- with one or two sureties in the like amount.

Key takeaways

The applicant is permitted to deposit Rs.24,90,000/- with Sangli Urban Co-operative Bank, Islampur, and the released warrant shall not be issued unless the receipt of that deposit is produced on the record of the trial Court.ratio¶30

Detailed headnote1 paragraphs

Criminal Bail Application No. 158 of 2025 — Regular bail sought by applicant, accused No.10 in Crime No. 382 of 2024 registered at Ichalkaranji Police Station, District Kolhapur, for offences punishable under Sections 420, 407, 409, 465, 467, 468, 471 r/w Section 34 & 201 of the Indian Penal Code — Prosecution case that the applicant obtained false stock receipts from accused No.1, who was working at the warehouse of APMC, Ichalkaranji, and on that basis obtained a loan of Rs.24,90,000/- from Sangli Urban Co-operative Bank, Islampur — Applicant in jail for about six months; no other criminal antecedents; applicant, without prejudice to his rights, willing to deposit the entire loan amount with the bank — Held, bail granted on executing a P.R. Bond of Rs.25,000/- with one or two sureties in the like amount — Applicant permitted to deposit Rs.24,90,000/- with the bank; released warrant not to be issued unless the deposit receipt is produced on the record of the trial Court (N. R. Borkar, J.).

36-BA-158-2025.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION

CRIMINAL BAIL APPLICATION NO. 158 OF 2025

Shreyas Sanjay Mane ...Applicant Versus The State of Maharashtra ...Respondent

Mr. Aniket Nikam a/w Mr. Dushyant Digamber, Mr. Abhilash, i/by Mr. Sumit Patil, Advocate for the Applicant.

Mr. Swapnil V. Walve, A.P.P. for the Respondent – State.

Mr. Govinda N. Kolekar (PSI), Ichalkaranji Police Station, Kolhapur.

P.C.:

This is an application for regular bail.

The applicant came to be arrested in Crime No. 382

of 2024 registered at Ichalkaranji Police Station, District : Kolhapur, for the offences punishable under Sections 420, 407, 409, 465, 467, 468, 471 r/w Section 34 & 201 of the Indian Penal Code.

The applicant is accused No.10 in the aforesaid crime. According to the prosecution, the applicant had obtained

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certain false stock receipts from accused No.1, who was working at the warehouse of APMC, Ichalkaranji and on that basis obtained the loan of Rs.24,90,000/- from Sangli Urban Co-operative Bank, Islampur.

I have heard the learned counsel for the applicant and learned A.P.P. for the Respondent-State.

The learned counsel for the applicant on instructions submits that, the applicant, without prejudice to his rights, is willing to deposit the entire loan amount of Rs.24,90,000/with the Sangli Urban Co-operative Bank, Islampur. It is submitted that the applicant is in jail for about six months and the trial is not likely to be concluded in near future.

On the other hand, the learned A.P.P. for the Respondent-State submits that the loan was availed by submitting false documents. It is submitted that considering the nature of offence, the applicant may not be released on bail.

The applicant is in jail for six months. There are no other criminal antecedents. Considering the said facts and as

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the applicant is willing to deposit the entire loan amount of

Rs.24,90,000/-, I am inclined to release him on bail.

ORDER

(i) Criminal Bail Application is allowed;

(ii) The applicant is directed to be released on bail in connection with Crime No. 382 of 2024 registered at Ichalkaranji Police Station, District : Kolhapur, for the offences punishable under Sections 420, 407, 409, 465, 467, 468, 471 r/w Section 34 & 201 of the Indian Penal Code on executing P.R. Bond in the sum of Rs.25,000/with one or two sureties in the like amount;

(iii) The applicant is permitted to deposit Rs.24,90,000/- with the Sangli Urban Co-operative Bank, Islampur.

(iv) The released warrant shall not be issued unless receipt in respect of deposit of the amount is produced on the record of the trial Court.

(v) Application stands disposed of accordingly.

(N. R. BORKAR, J.)

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