Authority: High Court of Judicature at Bombay, Criminal Appellate Jurisdiction
Order Date: 02 September 2026
Case Overview
- Applicant: Chandrakant Ramchandra Sanglikar, former Managing Director and Director of Crest Entertainment & Media Pvt. Ltd. and W.S. Infra Pvt. Ltd.
- Respondents: State of Maharashtra and an additional respondent.
- FIR No.475 of 2025 dated 18‑10‑2025 lodged at Bavdhan Police Station, charging offences under IPC Sections 409, 420, 419, 465, 467, 468, 471 and 120B.
- Allegations: Applicant, in his capacity as director, allegedly facilitated purchase of land parcels (acquired by the companies in 2011) that were later claimed by PACL, which had invested substantial sums and purchased the same parcels in separate transactions between 2017‑2023. An embargo on dealing with the land was imposed by the Supreme Court on 02‑02‑2016 and reflected in revenue records in September 2023.
- Financial aspect: Prosecution’s chart (Page 66) shows receipt of approximately Rs 3.33 crore by the applicant’s companies from four investors/purchasers, as evidenced by bank statements.
Final Outcome
- Bail application under Section 483 of the Bharatiya Nagarik Suraksha Sanhita, 2023 is allowed.
- Applicant released on furnishing a personal bond of Rs 50,000 with one or more sureties of equal amount.
- Conditions imposed: weekly reporting to Investigating Officer, surrender of passport, prohibition on dealing with PACL or subject properties, no creation of third‑party rights, no tampering with evidence, keep police informed of address and phone changes, attend all trial dates, and risk of bail cancellation for breach.
- Court notes that observations are limited to bail and do not address merits of the case.
Topics: Bail, Criminal Procedure, Land Fraud