T.V.NALAWADE, VIBHA KANKANWADI
Ramesh S/o Ramchandra Havele – Appellant
Versus
State of Maharashtra – Respondent
1. Both the sides are heard.
2. Both the appeals are filed under the provisions of Section 11 of the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999 (hereinafter referred to as "the Act") to challenge the order made by the learned Sessions Judge, Aurangabad in the proceeding pending before him. The application filed at Exhibit-99 by the Competent Authority from Aurangabad appointed under the Act in Special (MPID) Case No. 4 of 2016 is decided against the Appellants of both the proceedings. The case is filed for the offences punishable under Sections 420, 406 and 34 of the Indian Penal Code and also Sections 3 and 4 of the Act. Criminal Application No. 692 of 2018 is filed in Criminal Appeal No. 159 of 2018 by one Sudhir Deshpande, first informant, original Complainant for permission to intervene in the matter as he wants to oppose the proceeding. The same person has filed Criminal Application No. 1059 of 2018 for intervention in Criminal Appeal No. 188 of 2018.
3. The application at Exhibit-99 was filed by the Competent Authority under the provisions of Section 5(3) of the Act. The application is allowed and the learned Sessions Judge,
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