Narayan Saybu Waghmode v. the State of Maharashtra
Bail – Regular bail – Economic offence / deposit-scheme fraud
Case brief
What is this about?
Regular bail ALLOWED on parity — Narayan Saybu Waghmode v. State of Maharashtra; Crim. Bail Appln. No.4316 of 2024 (Bom HC, N. R. Borkar J.); Crime No.36/2022, Indapur PS, Dist. Pune; IPC ss.403, 408, 409, 420, 120-B; Prize Chits and Money Circulation Schemes (Banning) Act 1978 ss.5-6; Banning of Unregulated Deposit Schemes Act 2019 ss.21, 22, 23, 25; alleged deposit-scheme fraud Rs.19,69,88,050; custody ~8 months; parity with order dt.19-12-2024 in CBA No.4415/2024 (similar crime); P.R. Bond Rs.25,000 with one/two sureties; conditions — no similar offence, regular Trial Court attendance, no tampering; State opposed (main accused); EOW Pune (Rural) IO present.
What did the court decide?
Regular bail in connection with Crime No.36 of 2022 (Indapur Police Station, Tal. Indapur, Dist. Pune) on executing P.R. Bond of Rs.25,000/- with one or two sureties in the like amount, subject to conditions: (iii) not to commit any other crime of similar nature; (iv) to attend Trial Court regularly on dates of hearing unless exempted; (v) not to tamper with prosecution evidence.