Salim Sharif Sheikh v. State of Maharashtra Thr Pso Ps Yavatmal City Dist Yavatmal
Case brief
What is this about?
Regular bail application allowed — Bombay High Court, Nagpur Bench (Urmila Joshi-Phalke, J., 25/02/2025) — cheating (S.420 r/w S.34 IPC) and Information Technology Act (Ss.66C, 66D) — online share-trading App/WhatsApp-group demat fraud, Crime No.539/2024, P.S. Yavatmal City — complainant invested Rs.6,70,000/-, demat account showed Rs.1,23,00,000/- — applicant arrested as alleged mastermind via lookout notice while travelling Ahmedabad to Bangkok — material limited to co-accused statements and CDR report — flight-risk objection answered by conditions: PR Bond Rs.50,000/-, fortnightly reporting at Ahmedabad City Police Station, travel restrictions, passport surrender to MPID Court Yavatmal, mandatory trial attendance, cancellation clause.
What did the court decide?
Applicant Salim Sharif Sheikh to be released on bail in Crime No.539/2024 on executing a PR Bond of Rs.50,000/- with one solvent surety of the like amount, subject to conditions: (i) attendance at Ahmedabad City Police Station twice a month on the 1st and 15th, with the Police Station Officer recording his presence and reporting to the Economic Offences Wing, Yavatmal; (ii) no departure from Ahmedabad city jurisdiction without prior permission of the Court except to attend proceedings before the Special Court (MPID Court), Yavatmal; (iii) surrender of passport before the Special Court (MPID Court), Yavatmal; (iv) attendance at MPID Court proceedings without seeking exemption unless exceptional circumstances exist; (v) liberty to the State to apply for cancellation of bail on contravention of any condition.