Authority: High Court of Judicature at Bombay, Criminal Appellate Jurisdiction
Order Date: 12 October 2026
Case Overview
- Applicant: Ajay Rajaram Khadake (Accused No.1) vs. State of Maharashtra and others (Respondents).
- Crime No. 564 of 2025 registered at MIDC Bhosari Police Station, Pune, under Sections 316(2), 318(4), 336(2), 336(3), 337, 338, 339, 340(2) and 61(2) of the Bharatiya Nyaya Sanhita, 2023.
- Applicant invested Rs 1.07 crore through 70 bank transfers of varying denominations into Shreyanshi Tours and Travels, the business of Accused No.5, who is absconding and the main beneficiary.
- Investigation indicates Applicant induced other investors, but he claims to be a victim with no criminal antecedents and has been in custody since 09‑09‑2025.
- Co‑accused Nos.2 and 3 have already been released on bail.
Final Outcome
- Bail granted subject to:
1. Immediate release on furnishing a personal bond of Rs 25,000 with one or two sureties of equal amount.
2. Monthly reporting to the Investigating Officer on the first Monday of each month between 10:00 a.m. and 12:00 p.m.
3. Cooperation with trial, attendance at all court dates, and no unnecessary adjournments.
4. No leaving Maharashtra without prior permission of the Trial Court.
5. No influencing witnesses or tampering with evidence.
6. Keeping the Investigating Officer informed of current address and mobile number.
7. Violation of any condition will lead to cancellation of bail.
- The order is limited to bail; merits of the case will be decided on evidence at trial.
Topics: Bail, Fraud Investigation, Criminal Procedure