Amol Suresh Kadam v. The State Of Maharashtra And ANR.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
NAGPUR BENCH, NAGPUR.
CRIMINAL APPLICATION (ABA) NO.110 OF 2026 Anil S/o Yadavrao Bhelande Vs. State of Maharashtra __________________________________________________________________ Office Notes, Office Memoranda of Coram, appearances, Court's orders of directions Court's or Judge's orders.
and Registrar's Orders.
Shri Vinay Dahat, Adv. h/f Shri J.B. Kasat, Advocate for applicant.
Ms H.N. Prabhu, AGP / APP for respondent/State. CORAM : M.W. CHANDWANI, J.
DATE : 11.02.2026.
1.
Heard.
2.
Issue notice to the non-applicant, returnable on 16.02.2026.
3.
The learned APP waives service of notice for nonapplicant and seeks time to file reply. 4.
The applicant has filed the present application for anticipatory bail, apprehending his arrest in connection with Crime No.485/2025, registered with Police Station Ner Parsopant, District Yavatmal, for offences punishable under Sections 420, 417, 406, and 477-A read with Section 34 of the Indian Penal Code (for short, "IPC") and Section 3 of the Maharashtra Protection of Interests of Depositors (in Financial Establishments) Act, 1999 (for short, "the Act of 1999").
5.
The prosecution case in brief is that, a complaint came to be lodged alleging several irregularities in the sanction and disbursement of loans to various borrowers, as reflected in the audit report of Ashtavinayak Credit Cooperative Society. It is alleged that, at the behest of Directors of the Society, financial losses were caused to the institution during the period from the financial year 1991-92 up to 2023-24.
6.
The present applicant has been arrayed as an accused on the premise of his role as one of the Directors of the Society in the past. Consequent to the alleged financial irregularities, proceedings have also been initiated under Section 138 of the Negotiable Instruments Act, 1881, as well as under the provisions of the Maharashtra Co-operative Societies Act, in relation to the purported outstanding losses. 7.
The application of other co-accused, who had been granted ad-interim protection is also pending before this Court and the next date of hearing is 16.02.2025. 8.
Considering the submission of the learned counsels for the parties and the fact that other co-accused are already granted ad-interim protection, a case is made out for granted of ad-interim relief to the applicant as well. Hence, the following order:- i) Pending the application, in the event of arrest in
connection with Crime No. 0485/2025 registered with Police Station Ner Parsopant, District Yavatmal, for the offences punishable under Sections 420, 417, 406, 477-A read with 34 of the IPC and Section 3 of the Act of 1999, applicantAnil s/o Yadavrao Bhelande shall be released on furnishing a P.R. bond of Rs.25,000/- with one solvent surety in the like amount.
ii) The applicant shall attend the concerned Police Station as and when called by the Investigating Officer and shall cooperate with the investigation. 9.
To be heard alongwith ABA No.76/2026.
(M.W. Chandwani, J.) Wagh