JUDGMENT :

GAURI GODSE, J.

Brief Facts:

1. Both the Criminal Appeals are filed under Section 11 of the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999 (“MPID Act”) for challenging the orders passed by the Learned Special Judge of the MPID Court by which the learned Judge accepted the respondent no. 3, as a successful bidder on 14th August 2018 in the auction proceedings for sale of Hotel Jal property.

2. Criminal Appeal No. 1127 of 2018 is filed under Section 11 of the MPID Act for challenging the Order dated 28th August 2018, by which Miscellaneous Application No. 1100 of 2018 preferred by the appellant was rejected; Order dated 30th August 2018, by which Miscellaneous Application No. 1099 of 2018 was partly allowed; and Order dated 14th August 2018, by which the respondent no. 3’s Miscellaneous Application No. 186 of 2018 was allowed by the Special Judge MPID Act, Mumbai (“the Special Judge”). By way of amendment, the appellant also challenged the Orders dated 19th October 2018 below Exhibit 6 and 13th November 2018 below Exhibit 9 in Miscellaneous Application No. 186 of 2018, passed by the Special Judge. The appellant also prayed for directin