NEENA BALWANT MARATHE v. THE STATE OF MAHARASHTRA

IN THE SUPREME COURT OF INDIA CRIMINAL APPELLATE JURISDICTION

CRIMINAL APPEAL NO.658 OF 2024 (Arising out of SLP(Criminal) No.1078/2023)

1. Leave granted.

2. The appellant seeks grant of pre-arrest bail in C.R.

No.0064/2021, registered at Police Station Kothrud,

District Pune, under Sections 406, 420 read with Section

34 of the Indian Penal Code, 1860 and Section 3 of the

Maharashtra Protection of Interest of Depositors Act, 1999

(in short, “MPID Act”). The appellant and co-accused

Manjiri Marathe are stated to be the Directors of

Companies, M/s. Pranav Marathe Jewelers Pvt. Ltd. and M/s.

Marathe Jewelers. The companies allured the depositors to

make investments and which were allegedly misappropriated

and siphoned for the private benefits of the Directors and

other officers of the companies. The husband of the

appellant was the main accused. He, unfortunately,

committed suicide. In sum and substance, the allegations

are that the companies run by the appellant and her co-

accused are liable to refund a sum of Rs.6,20,77,970/-

(Rupees six crores twenty lakhs seventy-seven thousand

nine hundred seventy) plus Rs.53,00,000/- (Rupees fifty-

three lakhs) to the investors. Apprehending her arrest,

the appellant approached the High Court of Judicature at

Bombay for a grant of pre-ar...