Sanket Ravindra Suryawanshi vs the State of Maharashtra — Bombay HC (2026) — LawSathi Research

Sanket Ravindra Suryawanshi vs the State of Maharashtra — Bombay HC (2026) — LawSathi Research

What the court decided

AI extract

Outcome

Anticipatory bail granted: in the event of arrest of applicant Sanket Ravindra Suryawanshi in Crime No. 332 of 2025 registered with Jaysingpur Police Station, Dist. Kolhapur, he is to be released on executing a Personal Bond of Rs. 15,000/- with one surety in the like amount; he shall attend the concerned police station from 27.01.2026 to 01.02.2026, between 10.00 am to 2.00 pm, and co-operate in the investigation; thereafter, till filing of charge sheet, he shall attend the concerned police station as and when called by the investigating officer, and shall not tamper the prosecution evidence.

Issue for consideration

Whether the applicant, who apprehends arrest in Crime No. 332 of 2025 registered with Jaysingpur Police Station, Dist. Kolhapur, for offences punishable under Sections 316(2), 316(5), 318(2), 318(4) and under Sections 3 and 4 of MPID Act, is entitled to anticipatory bail. +2 more

Court's answer

Similar role is attributed to the applicant in the present crime; the applicant invoked parity with co-accused Salim Nijam Alatekar, who had been granted anticipatory bail by this Court vide order dated 12.12.2025, and this consideration formed part of the basis on which the Court found the applicant entitled to bail.

Ratio / Principle

Perusal of the FIR and the papers of investigation shows that there is no material on record connecting the applicant with the present crime; all the allegations appear to be against Accused No. 1, who enticed the investors to invest the amounts in the company's account, and it is not the allegation of anybody that the applicant received any amount on behalf of the company.

Key takeaways

In the light of the above, the applicant is entitled for bail, and the anticipatory bail application is allowed.ratio¶19
In the event of arrest of the applicant in Crime No. 332 of 2025 registered with Jaysingpur Police Station, Dist. Kolhapur, he is to be released on executing a Personal Bond of Rs. 15,000/- with one surety in the like amount.ratio¶20

Detailed headnote1 paragraphs

ANTICIPATORY BAIL ALLOWED (High Court of Judicature of Bombay, Circuit Bench at Kolhapur; Coram: NITIN B. SURYAWANSHI, J.; 21.01.2026) - Applicant apprehended arrest in Crime No. 332 of 2025 registered with Jaysingpur Police Station, Dist. Kolhapur, for offences punishable under Sections 316(2), 316(5), 318(2), 318(4) and under Sections 3 and 4 of MPID Act; prosecution case: applicant and co-accused induced the informant and other investors to invest in ayurvedic product company VBSL India Private Ltd., whose invested amounts were not returned. On perusal of the FIR and the papers of investigation, the Court found similar role attributed to the applicant but no material on record connecting him with the crime; the allegations appeared to be against Accused No. 1, who enticed the investors to invest amounts in the company's account, and nobody alleged that the applicant received any amount on behalf of the company. Parity was pressed with co-accused Salim Nijam Alatekar, who had been granted anticipatory bail by this Court vide order dated 12.12.2025. Finding the applicant entitled to bail, the Court allowed the application, directing release in the event of arrest on a Personal Bond of Rs. 15,000/- with one surety in the like amount, subject to attendance at the concerned police station from 27.01.2026 to 01.02.2026 (between 10.00 am to 2.00 pm) with co-operation in investigation, attendance thereafter as and when called till filing of the charge sheet, and non-tampering with prosecution evidence.

64-aba-13-2026

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IN THE HIGH COURT OF JUDICATURE OF BOMBAY CIRCUIT BENCH AT KOLHAPUR CRIMINAL APPELLATE JURISDICTION

ANTICIPATORY BAIL APPLN. NO. 13 OF 2026

Sanket Ravindra Suryawanshi

VERSUS

The State Of Maharashtra

Mr. Abhay Jadhavar a/w Mr. Rutik Kashid, Advocate for Applicant Mr. S.H. Yadav APP for State

CORAM : NITIN B. SURYAWANSHI, J.

DATE : 21^st JANUARY, 2026

ORDER :

Applicant apprehends arrest in Crime No. 332 of 2025 registered with Jaysingpur Police Station, Dist. Kolhapur, for the offences punishable under Sections 316(2), 316(5), 318(2), 318(4), under Section 3 and 4 of MPID Act.

Prosecution case in short is that applicant and co-accused induced the informant and other investors to invest the amount in ayurvedic product company i.e. VBSL India Private Ltd. But after investing the amount, the informant and investors did not received their amount invested back.

Bhagyawant Punde

{2} 64-aba-13-2026

Heard learned advocate for the applicant and learned APP for the State. Perused the investigation papers.

Applicant seeks bail on the ground of parity as the coaccused named in the FIR namely Salim Nijam Alatekar is granted anticipatory bail by this Court vide order dated 12.12.2025.

Perusal of FIR and the papers of investigation papers show that similar role is attributed to the applicant in the present crime. There is no material on record to connect the applicant with the present crime. All the allegations appear to be against Accused No. 1 who has enticed the investors to invest the amounts in company’s account and the investors have invested the amount in company’s account. It is not the allegation of anybody that the applicant has received any amount on behalf of company.

In the light of above, applicant is entitled for bail. In the result, application is allowed.

In the event of arrest of applicant- Sanket Ravindra Suryawanshi in Crime No. 332 of 2025 registered with Jaysingpur Police Station, Dist. Kolhapur, for the offences punishable under Sections 316(2), 316(5), 318(2), 318(4), under Section 3 and 4 of MPID Act, he be released on executing Personal Bond of Rs. 15,000/-

Bhagyawant Punde

{3} 64-aba-13-2026

with one surety in the like amount.

Applicant to attend the concerned police station from 27.01.2026 to 01.02.2026, between 10.00 am to 2.00 pm and shall co-operate in the investigation.

Thereafter, till filing of charge sheet, applicant shall attend the concerned police station as and when called by the investigating officer. Applicant shall not tamper the prosecution evidence.

(NITIN B. SURYAWANSHI, J.)

Bhagyawant Punde