Authority: High Court of Judicature at Bombay, Circuit Bench at Kolhapur
Order Date: 29 September 2026
Case Overview
- Parties: Applicant Ankush Sampatrao Jadhav, Director of Suvarn Gramin Bigar Sheti Shakari Pat Sanstha Maryadit (Satara); Respondent State of Maharashtra represented by Dr. Ashvini A. Takalkar, A.P.P.
- Nature: Criminal anticipatory bail application (Cr. Anticipatory Bail Appl. No. 1106 of 2023) concerning alleged financial irregularities in the cooperative society.
- Background: Internal audit dated 17 February 2023 identified irregularities in fixed‑deposit handling; investors' deposits not returned and alleged loan pledging without disbursement. Complaint lodged on 6 March 2023 under IPC sections 406, 408, 409, 420, 34 and Maharashtra Protection of Interest of Depositors (in Financial Establishment) Act, 1999. One director and the manager were arrested.
- Allegations: Misappropriation of fixed‑deposit amounts, false loan adjustments, breach of fiduciary duties by manager and board.
- Investigation: Applicant cooperated with Satara Taluka Police; charge‑sheet filed as RCC No.102/2023, pending before Judicial Magistrate First Class, Satara; stage of framing of charge.
- Prior Order: Interim anticipatory bail granted on 27 April 2023 with personal and surety bond of Rs 15,000, mandatory attendance every Saturday 10 am‑12 pm at Satara Taluka Police Station, and prohibition on threatening witnesses.
Final Outcome
- The Court confirmed and made absolute the anticipatory bail order dated 27 April 2023, upholding all conditions. Violation of any condition will result in cancellation of bail after notice. No breach by the applicant was found.
Topics: Anticipatory Bail, Financial Fraud, Cooperative Society