Catasynth Speciality Chemicals Pvt. Ltd. and Ors. vs the… — Cheating and Forgery | Bombay HC (2026)

Catasynth Speciality Chemicals Pvt. Ltd. and Ors. vs the… — Cheating and Forgery | Bombay HC (2026)

What the court decided

AI extract

Outcome

Writ Petition dismissed as far as Prayer Clause (a); liberty granted to the Petitioners to file appropriate proceedings in respect of Prayer Clause (b); all contentions kept open.

Issue for consideration

Whether C.R. No. 673 of 2024, registered by Respondent No. 1 on 8.8.2024 under Sections 409, 420 r/w 34 of the Indian Penal Code, ought to be quashed and set aside (Prayer Clause (a)). +1 more

Court's answer

The Petition in the context of Prayer Clause (a) is infructuous because the Petitioners have already preferred an Application seeking discharge before the Trial Court in August 2025.

Ratio / Principle

The Writ Petition is dismissed as far as Prayer Clause (a) is concerned.

Key takeaways

Prayer Clause (b) was not adjudicated on merits; counsel's request to withdraw the Petition in respect of Prayer Clause (b) was accepted without objection from the State, and liberty was granted to the Petitioners to file appropriate proceedings in that context.ratio¶23
All contentions of the parties are kept open.ratio¶29

Detailed headnote1 paragraphs

Bombay High Court, Criminal Appellate Jurisdiction (Ashwin D. Bhobe, J.) — Criminal Writ Petition No. 4869 of 2024, Catasynth Speciality Chemicals Pvt. Ltd & Ors. v. The State of Maharashtra & Ors. The Petition sought (a) quashing of C.R. No. 673 of 2024 registered by Respondent No. 1 on 8.8.2024 under Sections 409, 420 r/w 34 of the Indian Penal Code against all accused named therein, and (b) a declaration that the arrest of Petitioner Nos. 2 and 3 was illegal, with compensation. On 30.01.2026, counsel stated on instructions that the Petitioners had already filed a discharge application before the Trial Court in August 2025, making Prayer Clause (a) infructuous, and sought leave to withdraw the Petition in respect of Prayer Clause (b) with liberty to file appropriate proceedings; the request was unopposed by the learned A.P.P. for the State. The Court dismissed the Writ Petition as far as Prayer Clause (a) is concerned, granted liberty for Prayer Clause (b), and disposed of the petition keeping all contentions of the parties open. The order is corrected as per Speaking to the Minutes dated 2nd February, 2026.

Digitally signed ARUNA by ARUNA SANDEEP SANDEEP TALWALKAR TALWALKAR Date: 2026.02.02 19:16:50 +0530

501.WP4869.2024.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION

CRIMINAL WRIT PETITION NO. 4869 OF 2024

Catasynth Speciality Chemicals Pvt. Ltd & Ors. … Petitioners. V/s.

The State of Maharashtra & Ors.

… Respondents.

Mr. Jatin P. Karia i/b. D.M. Galani, Advocate for Petitioners. Mr. Kiran Shinde, APP for Respondent/State.

CORAM : ASHWIN D. BHOBE, J. DATE : 30^th JANUARY, 2026.

P.C. :

This Petition was circulated on the ground mentioned

in the praecipe dated 30^th January, 2026. Same is taken on record and marked “X” for identification.

By the present Petition, the Petitioners have sought for the following substantive reliefs :

“a. Quash and set aside C.R. No. 673 of 2024 registered by the Respondent No. 1 on 8.8.2024 under

1

Talwalkar

This order is corrected as per Speaking to the Minutes of the order dated 2^nd February, 2026

501.WP4869.2024.doc

Sections 409, 420 r/w 34 of Indian Penal Code against all accused mentioned therein on such terms and conditions as this Hon'ble Court deems fit and proper. b. The arrest of the Petitioner no.2 & 3 be declared as illegal and all the Respondents be directed to pay such compensation as this Honble Court deems fit and proper to the Petitioners;”

Mr. Jatin Karia, learned Advocate for the Petitioners,

on instructions from the Petitioners, states that the Petitioners have already preferred an Application seeking discharge before the Trial Court in the month of August 2025, as such the Petition in the context of prayer clause (a) is infructuous. He by the present praecipe dated 30.01.2026, craves leave to withdraw the present Petition in respect of prayer clause (b) of the Petition with liberty to file appropriate proceedings.

Request made by Mr. Jatin Karia, learned Advocate for the Petitioners is not objected by Mr. Kiran Shinde, learned A.P.P. for the State/Respondent.

In view of the above, Writ Petition is dismissed as far as prayer clause (a) is concerned. Liberty is granted to the Petitioners to file appropriate proceedings in the context of prayer clause (b)

Talwalkar 2

This order is corrected as per Speaking to the Minutes of the order dated 2^nd February, 2026

501.WP4869.2024.doc

of this Petition.

Criminal Writ Petition No. 4869 of 2024 is disposed of in the above said terms.

All contentions of the parties are kept open.

(ASHWIN D. BHOBE, J.)

3

Talwalkar

This order is corrected as per Speaking to the Minutes of the order dated 2^nd February, 2026