Search Results for "depositors protection"

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Bombay High Court Allows Appeals by Acquiring Body in Land Acquisition Compensat...
Bombay High Court Dismisses NHAI Appeals in Land Acquisition Compensation Disput...
Bombay High Court Dismisses Writ Petition Challenging Concurrent Findings in Sui...
Bombay High Court at Goa Dismisses Review Petition in Partition Suit Impleadment...
Bombay High Court Acquits Accused in Corruption Case Due to Unreliable Trap Witn...

Search Results for "depositors protection"

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High Court

Bombay High Court Allows Writ Petition Quashing MPID Act Attachment Against Corporate Debtor's Property. Section 32A IBC Overrides MPID Act as Property Acquired Prior to Offence and Corporate Debtor Not Accused.

8 Jun 2026

The petitioner, Dwarka Iron Industries Pvt. Ltd., as the Successful Resolution Applicant of the corporate debtor M/s. Abhirama Steels Limited, filed a...

Supreme Court

Supreme Court Allows Appeal in MPID Act Deposit Dispute — High Court Erred in Treating Investment as Loan Transaction. The court held that amounts advanced with promise of interest constitute 'deposit' under Section 2(c) of MPID Act, and failure to repay amounts to 'fraudulent default' under Section 3.

15 May 2026

The present appeal arises from a judgment of the Bombay High Court dismissing the appellants' Criminal Revision Application under the MPID Act. The ap...

High Court

Bombay High Court Quashes FIR and Criminal Proceedings in Cheating and Fraud Case Due to Civil Nature of Dispute and Lack of Criminal Intent. Dispute arising from sale of warehouse and land where complainant failed to pay balance consideration does not constitute criminal offences under IPC, MPID Act, or IT Act.

3 Dec 2025

The applicants, Ramanrao Bolla, his wife Vijaylaxmi, and his brother Tirupatirao, filed an application under Section 528 of the Bharatiya Nagarik Sura...

High Court

Bombay High Court Quashes Freezing of Properties by Investigating Officer in Bank Fraud Case — Lack of Statutory Authority Under M.P.I.D. Act. Investigating Officer Cannot Freeze Immovable Properties Without Legal Provision; Bail Conditions Already Complied With.

16 Sep 2025

The petitioner, Vijaykumar alias Vijay S/o Sitaram Dandanaik, was the chairman of Vasantdada Nagari Sahakari Bank Ltd, Osmanabad. He was arrested in c...

High Court

Bombay High Court Grants Bail to Applicant in Financial Fraud Case Involving Deposit of Rs. 1.25 Crore. Applicant's Detention Not Justified as Investigation Complete and Trial Likely to Be Protracted, Meeting Triple Test for Bail Under Section 439 Cr.P.C.

4 Sep 2025

The applicant, Milind Satish Sawant, filed a bail application under Section 439 of the Code of Criminal Procedure, 1973, seeking regular bail in conne...

High Court

Bombay High Court Dismisses Appeals Challenging MPID Act Application in NSEL Scam Case — Held That MPID Act Applies to NSEL as a Financial Establishment and That Default in Repayment of Deposits Attracts Offences Under the Act.

7 Feb 2025

The judgment arises from multiple criminal appeals and interim applications filed by various parties, including directors, brokers, and financial inst...

High Court

Bombay High Court Quashes Criminal Proceedings Against Director in Deposit Fraud Case — No Specific Allegations of Mens Rea or Active Involvement. Petitioner, a director of a finance company, was charged under IPC and Maharashtra Protection of Interest of Depositors Act, 1999, but the court found no material showing her participation in the company's affairs or inducement of depositors.

29 Mar 2023

The petitioner, Pratibha Sadanand Shetty, was arraigned as an accused in Crime No. 2 of 2020 registered at Malad Police Station, Mumbai, for offences ...

High Court

Bombay High Court Allows Appeal Against Rejection of Objection to Attachment Under MPID Act — Property Belonging to Appellants Not Proceeds of Crime. The court held that the appellants, as bona fide purchasers, are entitled to release of attachment under Section 7(3) of the MPID Act as the property was purchased prior to the alleged deposit scheme.

6 Mar 2020

The case involves an appeal under Section 11 of the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999 (MPID Act...

High Court

Bombay High Court Allows Appeal Against Condonation of Delay in MPID Act Case — Designated Court Has No Power to Condon Delay Beyond 90 Days Under Section 5(3) of MPID Act. Limitation Period for Filing Application Under Section 5(3) is 90 Days, Delay Cannot Be Condoned Beyond That Period as MPID Act is a Complete Code.

17 Feb 2020

The appellants, Mr. Nimish s/o Satish Deopujari, Mr. Satish s/o Shankarrao Deopujari, and Sau. Vandana w/o Satish Deopujari, filed an Appeal Against O...

High Court

Bombay High Court Allows State Bank of India's Appeal Against MPID Act Attachment Order — Bank's Claim Over Property Prevails as Mortgage Was Prior to Default. Secured Creditor's Priority Under Section 31B of RDDBFI Act and Section 26E of SARFAESI Act Overrides MPID Act Attachment.

30 Nov -0001

The case involves an appeal by State Bank of India (SBI) against an order of the Special Court under the Maharashtra Protection of Interest of Deposit...

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