JUDGMENT :

MADHAV J. JAMDAR, J.

1. By this appeal filed under Section 11 of the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999 (hereinafter referred to as “MPID Act”) the order dated 21.09.2018 passed below Exh.56 in Spl. MPID C No. 290/2016 by learned Additional Sessions Judge-4, Amravati is challenged. By said order dated 21.09.2018, objection by the appellants bearing Exh.56 preferred under Section 7(3) of the MPID Act taken in Spl. (MPID) Case No. 290 of 2016 to the attachment of the field Survey No. 78 admeasuring 5H 10R of Mouja Kathora Bk. Pragane Nandgaon Peth, Tq. and Dist. Amravati is rejected.

2. We have heard Shri S.P. Dharmadhikar, learned Senior Counsel for the appellants as well as Shri T.A. Mirza, learned APP for the respondent Nos.1 and 7, Shri S.S. Das, learned counsel for the respondent No. 2, Shri S.B. Gandhe, learned counsel for the respondent No. 3, Shri A.S. Ambatkar, learned counsel for the respondent No. 5 and Shri P.S. Wathore, learned counsel for the respondent No. 6 respectively.

3. It is the contention of the learned Senior Counsel Shri S.P. Dharmadhikari on behalf of the appellants that there is merely an agreement