Case brief
What is this about?
Bombay High Court (N. R. Borkar, J.), order dated 08 May 2025 in Bail Application No. 5232 of 2024 (with Interim Application No. 668 of 2024): regular bail granted to Durgesh Gyaneshwer Utpat in Crime No. 705/2024 of Pimpri Police Station, Pune — offences under Sections 420, 406, 506 r/w Section 34 IPC and Section 3 MPID; alleged investor fraud of Rs. 1,48,64,659. Grounds: defrauding allegations directed at co-accused, nine-month custody, no criminal antecedents. Conditions: P.R. bond Rs. 25,000/- with one or two sureties; Rs. 5 lakh deposit before the Trial Court as precondition for release warrant. Intervention application (Shilpa Milind Devle and Ors.) disposed of. Counsel: Ritesh Thobde and Zubi Ansari (applicant); S. V. Walve, A.P.P. (State); Dadasaheb Dupare, Niranjan Bhavake, Drishti Madhani, Swamini Thakur, Anurag Ramekar (intervenors).
What did the court decide?
Criminal Bail Application allowed; applicant to be released on bail in Crime No. 705 of 2024 (Pimpri Police Station, Pune) on executing a P.R. Bond of Rs. 25,000/- with one or two sureties in the like amount, subject to deposit of Rs. 5 lakhs/- before the Trial Court as a precondition for issuance of the release warrant; the interim application for intervention stands disposed of in view of the disposal of the bail application.