Search Results for "MPID Act 1999"

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Bombay High Court Allows Transfer of 77 FIRs Against Credit Society Office Bearers to Single MPID Court for Consolidated Trial. Multiplicity of proceedings avoided to ensure fair and expeditious trial under Section 406 CrPC and MPID Act.

The petitioners, office bearers and employees of Bhaichand Hirachand Raisoni Multi State Credit Society, filed a writ petition under Article 226 of th...

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Bombay High Court Allows Appeal of Property Owners Against Attachment Under MPID Act — Property Not Proceeds of Crime. The court held that property owned by third parties not accused cannot be attached merely because the accused was in possession under a leave and licence agreement.

The appellants, Smt. Madhu Deepak Gogri and Mayank Deepak Gogri, are the owners of Shop Nos. 1 and 2 in Prem Bhanu Apartment, Borivali (West). The pro...

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Bombay High Court Quashes Detention Order Under MPDA Act Due to Unexplained Delay in Execution. The Court Held That a 19-Day Gap Between Passing and Service of Detention Order Without Explanation Violates the Detenu's Right to Make a Representation Under Article 22(5) of the Constitution.

The petitioner, Vishnu @ Bablu Vasant Gawali, was detained under the Maharashtra Prevention of Dangerous Activities of Slumlords, Bootleggers, Drug-Of...

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Bombay High Court Allows Appeal in MPID Act Case — Discharge Granted to Accused No.5 Due to Lack of Evidence. Wife of Main Accused, Though a Director, Had No Role in Financial Fraud and No Receipt of Proceeds of Crime.

The Appellant, Soumini Setu Nair, was the wife of the main accused and a director in Soar Systems Private Limited. The company was charged with offenc...

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Bombay High Court Allows Appeal in MPID Act Case — Quashes Attachment Order for Lack of Nexus with Crime. Property of Hotel Avion Private Ltd cannot be attached under Section 3 of Maharashtra Protection of Interest of Depositors Act, 1999 without direct link to alleged default.

The appellant, Hotel Avion Private Ltd, filed two criminal appeals challenging the attachment of its property under the Maharashtra Protection of Inte...

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High Court of Judicature at Bombay Hears Appeals Against Issuance and Non-Cancellation of Non Bailable Warrant in MPID Act Case. Director Challenges Jurisdiction and Procedure of NBW Issued by Special Court Despite Prior Appearance Through Counsel in Attachment Proceedings.

The appellant, a former non-executive director of National Spot Exchange Limited (NSEL) and resident of the United States, challenged the issuance of ...