Bombay High Court

GYANENDRA PRAKASH GOVINDLAL GUPTAversusSTATE OF MAHARASHTRA

Decided: 29 September 2026
Disposal: Disposed off as Withdrawn

Holding

Anticipatory bail was not granted; the application was allowed to be withdrawn and dismissed.

Summary

Gyanendra Prakash Govindlal Gupta filed an anticipatory bail application before the Bombay High Court. The Court examined the applicant's claim that Rs 70 lakh deposited in his account had not been transferred to any investor, and found the statement to be false. Consequently, the Court expressed its reluctance to grant anticipatory bail. The applicant’s counsel subsequently sought to withdraw the application. The Court allowed the withdrawal and dismissed the anticipatory bail application.

Issues considered

Whether anticipatory bail should be granted when the applicant's statement regarding the Rs 70 lakh deposit is false

Subjects

anticipatory bail
false statement
withdrawal of application
criminal procedure
Bombay High Court

Judgment

                                                914-ABA-1032-2026.DOC




          IN THE HIGH COURT OF JUDICATURE AT BOMBAY
                CRIMINAL APPELLATE JURISDICTION


         ANTICIPATORY BAIL APPLICATION NO.1032 OF 2026


Gyanendra Prakash Govindlal Gupta                   …Applicant
      Versus
The State of Maharashtra & Anr.                     …Respondents


Mr. Moiez Shaikh a/w. Mr. Sushant Mishra, for the Applicant.
Mr. S. V. Walve, APP, for the Respondent-State.
Mr. Sandip Ingale, API, attached to EOW, Navi Mumbai, present.


                       CORAM:      MADHAV J. JAMDAR, J.
                       DATED :     29th SEPTEMBER 2026
PC:-


1.       After arguing the matter for some time as the Court is not

inclined to grant anticipatory bail, particularly as a statement made

on instructions by the learned Counsel appearing for the Applicant,

which was recorded in the order dated 21 st September 2026, has

been found to be false as the learned APP, on instructions, states

that the sum of Rs.70,00,000/- (Rupees Seventy Lakh only) which

has been deposited in the account of the Applicant has not been

transferred in the account of any of the investors, Mr. Shaikh,




                                 Page 1
Sonali
                                                        914-ABA-1032-2026.DOC




       learned counsel seeks withdrawal of the Anticipatory Bail

       Application.



       2.       Accordingly, the Anticipatory Bail Application is allowed to

       be withdrawn and dismissed as such.




                                                  [MADHAV J. JAMDAR, J.]



       Digitally
       signed by
       SONALI
SONALI MILIND
MILIND PATIL
PATIL Date:
       2026.09.30
       10:47:10
       +0530




                                        Page 2
       Sonali

Continue reading with your account

Checking your session…

Lawyer court records for this case

Associated through the court’s case reference.