JUDGMENT

Sarang V. Kotwal, J. - Applicant is seeking anticipatory bail in connection with C.R. No. 79 of 2019 registered with Byculla Police Station, Mumbai under sections 409, 420, 120 B of the Indian Penal Code and under section 3 of the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1991 (MPID Act).

2. The FIR is lodged by one Dilipkumar Nagpal. He has stated that he and his brother were having business of financial consultancy. In the year 2010, the informant got acquainted with one Sachin Wagh, who in turn, informed the informant about the business of M/s. Varun Industries Ltd. and M/s. Varun Jewels Pvt. Ltd. The informant was told that Varun Industries was a listed company and the prospect of the comapny was very good. Sachin told the informant that the companies wanted to expand their business and they were in need of financial assistance and for that purpose they were accepting the investments from the investors and were offering attractive interest rate on the investments. The informant showed his interest. Accordingly, a meeting was arranged. The FIR mentions that the informant met the present Applicant in the companies' office at Bycull