JUDGMENT :

(Sunil B. Shukre, J.)

1. Heard.

2. Rule. Rule made returnable forthwith. Heard finally by consent of the learned counsel for the parties.

3. The petitioner has been made an accused in Crime No. 2 of 2020, Malad Police Station, Mumbai, in which offences punishable under sections 406, 409 and 420 read with 120 (B) of the Indian Penal code and Section 3 of the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999 have been registered against the petitioner and other accused persons.

4. The gist of the allegations made against the petitioner is that at the relevant time she was Director of Shri Ramanjaneya Leasing and Finance Pvt. Ltd. (in short ‘SRLF’) and being Director of the Company she was responsible for commission of the afore-stated offences. It is alleged that the Company was engaged in the business of providing finance to various persons against the security of mortgage of immovable properties and also accepting deposits from the investors, which were to be returned to the depositors with interest at different rates ranging from 1% to 1.25 % per month but the Company, failed to return the deposits.

5. Learned counsel for the petiti