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2019 Supreme(Bom) 2271

Z.A.HAQ, PUSHPA V.GANEDIWALA
Avinash – Appellant
Versus
State Of Maharashtra, Represented Through Investigating, Nagpur – Respondent


Advocates Appeared:
Manohar, Advocate, D.V. Chauhan, Advocate, S.S. Doifode, Advocate, S.B. Tiwari, Advocate

JUDGMENT

Pushpa V. Ganediwala, J. - Heard Shri Manohar, learned Sr. Counsel for the appellant and Shri Doifode, learned Additional Public Prosecutor for the respondent / State and Shri S.B. Tiwari, learned Counsel for one of the depositors.

    ADMIT.

    2. This is an appeal under Section 11 of the Maharashtra Protection of Interests of Depositors (In Financial Establishments) Act, 1999 (hereinafter referred to as "M.P.I.D. Act, 1999") challenging the order of framing of charge dated 11/12/2018 against the present appellant.

    3. The present appellant-Avinash Ramesh Bhute is shown as accused No. 20 in the charge-sheet which is filed against 30 accused persons which include Directors, Managers, CEO, Business Associates, Members, Employees, Representatives of the financial establishment and persons responsible for the management of or conducting of the business or affairs of M/s. Wasankar Wealth Management Private Limited, for the offences punishable under Sections 420, 406, 409, 506 read with Section 109, read with Section 120 and read with Section 34 of the Indian Penal Code and Section 3 of the M.P.I.D. Act, 1999 and Section 58 of the Reserve Bank of India Act.

    4. Against the present appell

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