Hemal Deepak Matalia v. State of Maharashtra
Case brief
What is this about?
Bail allowed by Bombay High Court (Dr. Neela Gokhale, J.) on 18 February 2026 in Bail Application No.660 of 2025: Hemal Deepak Matalia v. State of Maharashtra; C.R. No.5 of 2024, Talasari Police Station; offences Ss.420, 406 r/w S.34 IPC and Ss.3 & 4 MPID Act 1999; deposit-scheme cheating case involving Deepak Energy Conservation Pvt. Ltd. (35% interest p.a. assurance, ten victims); grounds: refund of Rs.7,82,765/- to investors, 1.5 years custody since 15.09.2024 without charge-framing versus 6-year maximum sentence; PR bond Rs.50,000/- with sureties; conditions on trial attendance, monthly police-station reporting, passport deposit, travel restrictions; antecedent case bail by Special Judge MPID dated 30.07.2025; observations prima facie only.
What did the court decide?
Applicant enlarged on bail on executing a PR Bond of Rs.50,000/- with one or two local sureties in the like amount, subject to conditions: attendance before the Trial Court on every date unless exempted; monthly appearance at the concerned police station between 11:00 a.m. and 02:00 p.m.; deposit of passport if held; no departure from India without Trial Court permission; no tampering with or contacting the complainant or witnesses; informing latest residence/contact details; cooperation with the trial; infraction entails cancellation of bail.