Authority: High Court of Bombay at Goa
Order Date: 5 November 2026
Case Overview
- Applicant: Prasad Sadanand Virnodkar (currently lodged in Central Jail, Colvale).
- Respondent: Sahakar Urban Credit Co‑operative Society Ltd, represented by Manager Vijay Baji Parab and its recovery manager.
- The matter involves Criminal Miscellaneous Applications No.269 of 2026, Criminal Revision Application No.212 of 2026, and Criminal Miscellaneous Application No.514 of 2025 (F) concerning compensation ordered on 13 October 2026.
- The applicant paid Rs.1,00,000 to the respondent/bank as per the order dated 13 Oct 2026 but was arrested on 9 Oct 2026 due to a pending warrant issued by the learned JMFC.
- The applicant sought release on bail, submitting that the balance compensation would be paid as recorded in the 13 Oct 2026 order.
Final Outcome
- The Court ordered the applicant’s immediate release on bail upon execution of a personal recognizance (PR) bond of Rs.10,000, to the satisfaction of the Superintendent/Jailor, Central Jail, Colvale.
- The application was disposed of, and the matter was listed for further hearing on 10 December 2026.
- The order will be digitally signed and circulated by fax or email.
Topics: Legal/Bail, Co‑operative Credit Society