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2026 Supreme(Online)(Bom) 3760

HIGH COURT OF BOMBAY
M. S. Karnik, N. R. Borkar, JJ
Sashidhar Jagdishan – Appellant
Versus
State of Maharashtra – Respondent


Advocates:
For the Appellants/Petitioners: Amit Desai, D.P. Singh, Sandeep Singhi, Himanshu Sinha, Chitra Rentala, Gopal Krishna Shenoy, Kriti Srivastava, Ritesh Desai, Parikshith K, Shravani Maddirala, Utkarsh Mishra, Ravi Kadam, Charles De Souza, Manaswi Agrawal, Shantanu Ray, Pragati Gothi, Salomi Kalwade, Karan Kadam, Nikhil Rajani, Ajay Deshmane, Devadatt Kamat, Tarun Mehra, Utsav Trivedi, Monish Bhatia, Minal Chandnani, Harsh Pandya, Shivam Bhushan, H. N. Thakore, Jyoti Ghag, Shailesh Prajapati, Ankit Singhal, Aabad Ponda, Rizwan Merchant
For the Respondents: Devadatt Kamat, Utsav Trivedi, Shivani Bhushan, Monish Bhatia, Minal Chandnani, Pooja Kothari, Urvi Gupte, Etika Srivastava, Tanvi Mate, Nishi Doshi, Raghav Dharmadhikari, Aabad Ponda, Hemant Ingle, Abhishek Prabhu, Sudeep Pasbola, Lakshmi Raman, Manisha Prajapati, Mhendi Nakrani, Amit Munde, Jai Vohra, Shantanu Nakashe, Mahalaxmi Ganpati, M. S. Bajoria, Pankaj Deokar, Rajendra Shivade, P.I. Mundale

Table of Content
1. fir quashing sought over trust fund misuse allegations (Para 1 , 2 , 3 , 4 , 5 , 6 , 7 , 8 , 9 , 10 , 11 , 12)
2. arguments on fir validity and abuse of process (Para 13 , 14 , 15 , 16 , 17 , 18 , 19 , 20 , 21 , 22 , 23 , 24 , 25 , 26 , 27 , 28 , 29 , 30 , 31)
3. inherent powers prevent fir abuse under section 482 (Para 32 , 33 , 34 , 35 , 36 , 37 , 38 , 39)
4. loan recovery history shows repeated failed challenges (Para 40 , 41 , 42 , 43 , 44 , 45 , 46 , 47 , 48 , 49 , 50 , 51 , 52 , 53 , 54 , 55 , 56 , 57)
5. allegations civil; prior orders bar multiplicity (Para 58 , 59 , 60 , 61 , 62 , 63 , 64 , 65)
6. complaint counterblast lacking offence ingredients (Para 66 , 67 , 68 , 69 , 70)
7. quash firs to avert recovery process abuse (Para 71 , 72 , 73 , 74 , 75 , 76)
8. petition firs quashed; cbi transfer dismissed (Para 77 , 78 , 79)

JUDGMENT (PER M. S. KARNIK, J.) :

1. Since common issues are involved in respect of the same FIR and by and large similar allegations are levelled against the petitioners, all these writ petitions are disposed of by a common judgment.

2. Writ Petition Nos.3205 of 2025, 3215 of 2025, 3216 of 2025, 3217 of 2025 were reserved for judgment on 08/10

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