Digitally signed by ARUNA ARUNA SANDEEP SANDEEP TALWALKAR Cr.APPEAL350.2025.odt TALWALKAR Date:

2025.05.03

12:35:32 +0530 IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL APPEAL NO. 350 OF 2025 Smt. Neelam Rajendra Nanaware.

Age : 58 yrs..

R/at Flat No. A/302-303, New Kalparaj Apartment, Vallipir Road, Opp. Zozwala Petrol Pump, Bailbazar, Kalyan, Thane 421301. … Appellant.

Versus The State of Maharashtra.

(Through EOW Mumbai). … Respondent.

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Mr. Chaitanya Pendse, Advocate for the Appellant.

Mr. Vinod S. Chate, APP for Respondent/State.

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CORAM : RAVINDRA V. GHUGE AND ASHWIN D. BHOBE, JJ.

RESERVED ON : 25th APRIL, 2025 PRONOUNCED ON : 2nd MAY, 2025.

JUDGMENT : (PER ASHWIN D. BHOBE, J)

1. Heard Mr. Chaitanya Pendse, Advocate for the Appellant and Mr. Vinod S. Chate, learned APP for the Respondent State.

2. Admit. By consent of parties matter taken up for final hearing.

3. By the present appeal filed under Section 11 of the Maharashtra Protection of Interest of Depositors (In Financial Establishment ) Act, 1999 (for short “MPID Act”), Appellant assails the order dated 20.03.2025 (for short “impugned order”), passed by the Designated Court under MPID Act, City