Dipesh Dattaram Dandekar v. the State of Maharashtra
Case brief
What is this about?
Anticipatory bail application REJECTED; Bombay High Court, Criminal Appellate Jurisdiction; N.R. Borkar, J.; dated 23-01-2026; ABA No.3542 of 2025; applicant Dipesh Dattaram Dandekar; Crime No.464 of 2025, Dombivli Police Station; Sections 420, 406, 34 IPC; Sections 3 and 4, Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999 (MPID Act); M/s. Phoenix Investment; M/s. Phoenix Financial Solution LLP; deposit-scheme fraud of Rs.5,06,90,000/-; applicant (Manager, salary approx. Rs.35,000/-) received Rs.50,56,343/- from company in ~14 months; specific allegations of inducement of investors; custodial interrogation pressed by APP B. V. Holambe Patil; PSI Balshetwad (MPID, EOW, Thane City) present; counsel Metanshu Purandare with Sakshee Salunkhe, Aakanksha Verma, Anjali Agrawal, Om Mali, Thomas Mathew, i/by Nilesh Desai; bail refused considering nature of crime.