Bombay High Court
AJIT PRABHAKAR KULKARNIversusSTATE OF MAHARASHTRA
- Decided
- Disposal
- Disposed Off
Holding
The Court allowed the withdrawal of the anticipatory bail application and dismissed it.
Summary
The applicant, Arjun Vitthal Kudhekar, a professional valuer, prepared valuation reports that enabled Kalyan Janata Sahakari Bank Ltd. to sanction gold loans totaling approximately Rs. 91 lakhs to 41 borrowers. It later emerged that the gold offered as security by these borrowers was not genuine, leading to the registration of an FIR against the applicant. The applicant filed an anticipatory bail application, which was heard before the Hon'ble Court. After the hearing, the applicant, through counsel, sought to withdraw the anticipatory bail application. The Court, not inclined to grant anticipatory bail, permitted the withdrawal and dismissed the application.
Issues considered
- Whether anticipatory bail should be granted to the applicant in view of the FIR relating to fraudulent gold loans
- Whether the applicant may withdraw the anticipatory bail application after it has been filed
Subjects
- anticipatory bail
- gold loan fraud
- valuation report
- FIR
- withdrawal of application
Judgment
910-ABA-1125-2026.DOC
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
CRIMINAL APPELLATE JURISDICTION
ANTICIPATORY BAIL APPLICATION NO.1125 OF 2026
ARJUN
VITTHAL Ajit Prabhakar Kulkarni …Applicant
KUDHEKAR Versus
Digitally signed by The State of Maharashtra & Anr. …Respondents
ARJUN VITTHAL
KUDHEKAR
Date: 2026.09.17
12:47:18 +0530
Dr. Pradeep Kumar Pardeshi a/w Anushka Martis & Saurav Dilip
Yadav, for the Applicant.
Mr. P. P. Jadhav, APP, for the Respondent-State.
Mr. Amogh Karandikar, for Respondent No.2.
PSI Sunil Jagadale, Warje Malwadi Police Station, Pune City,
present.
CORAM: MADHAV J. JAMDAR, J.
DATED: 16 SEPTEMBER 2026
PC:-
1. Heard Dr. Pardeshi, learned Counsel appearing for the
Applicant and Mr. Karandikar, learned Counsel appearing for
Respondent No.2.
2. Dr. Pardeshi, learned Counsel for the Applicant tenders
written submissions and also argues the matter.
3. The Applicant is a Valuer and, on the basis of his Valuation
Reports, Kalyan Janata Sahakari Bank Ltd. has sanctioned loans to
about 41 persons, and the total loan amount is about Rs.91 Lakhs.
However, thereafter it transpired that the gold which has been
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Arjun
910-ABA-1125-2026.DOC
given as security by these 41 persons for availing gold loans was
not the genuine gold and, therefore, inter alia, an FIR came to be
lodged against the Applicant.
4. After arguing the matter for some time, as the Court is not
inclined to grant relief of anticipatory bail, Dr. Pardeshi, learned
Counsel appearing for the Applicant, on instructions of the
Applicant, seeks withdrawal of the Anticipatory Bail Application.
5. Accordingly, the Anticipatory Bail Application is allowed to
be withdrawn and dismissed as such.
[MADHAV J. JAMDAR, J.]
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Arjun
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