DEEPAK DEVIDAS MORE vs SACHIN VIKRAMRAO GHAYAL AND ANOTHER — APPLN/1481/2026

Summary of APPLN/1481/2026 - Deepak Devidas More v. Sachin Vikramrao Ghayal The High Court of Bombay (Aurangabad Bench) rejected the anticipatory bail application of Deepak Devidas More (applicant), who is the proprietor of Sachin Ghayal Sugar Private Limited (SGSPL). The court found prima facie evidence of serious economic offences including cheating, forgery, and criminal breach of trust involving alleged misappropriation of approximately ₹16 crores from a ₹30-crore loan meant for modernizing a cooperative sugar factory. Key factors in the rejection included: failure to produce modernization records during audit, diversion of funds to multiple personal accounts, and property acquisition in the applicant's wife's name instead of the sugar factory, combined with the applicant's prior criminal history and risk of evidence tampering. This case analysis is maintained by casestatus.in based on publicly available court records.