Bombay High Court Quashes FIR in MPID Act Case — Intercorporate Deposits Not Covered Under MPID Act. Loan advanced by one company to another company registered under Companies Act, 1956 does not constitute a 'deposit' under Section 2(c) of the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999.
13 Sep 2019The petitioner, Mr. Ashish Mahendrakar, filed a writ petition under Article 226 of the Constitution of India and Section 482 of the Code of Criminal P...
