AKSHAY MESHOK INGALEversusTHE STATE OF MAHARASHTRA

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         IN THE HIGH COURT OF JUDICATURE OF BOMBAY
                     BENCH AT AURANGABAD

                960 BAIL APPLICATION NO. 498 OF 2026
                                WITH
               CRIMINAL APPLICATION NO. 2796 OF 2026
                           IN BA/498/2026
                                WITH
               CRIMINAL APPLICATION NO. 2802 OF 2026
                           IN BA/498/2026
                                WITH
               CRIMINAL APPLICATION NO. 1848 OF 2026
                           IN BA/498/2026

                       AKSHAY MESHOK INGALE
                              VERSUS
                     THE STATE OF MAHARASHTRA

                                    ...
            Advocate for Applicant : Mr. Narwade Narayan B.
               APP for Respondents/State : Mr. D.J. Patil
                                    ...


                          CORAM : HITEN S. VENEGAVKAR, J.

                          DATE     : 01.09.2026


PER COURT :


1.          Heard the learned Advocate for the applicant and the learned
Advocate appearing for the original Complainant as well as the learned
APP appearing for the Respondent/State.


2.          The present application filed by the applicant for regular bail
and this is a 3rd attempt of the applicant to secure the bail on merits. The
learned Advocate for the applicant at present without addressing the
Court on merits submitted that the present applicant has been arrested
on 13.06.2024 in connection with the Crime No.-521 of 2024 registered
at Shevgaon Police Station, District Ahilyanagar, for the offences
punishable under Sections 420, 406, 409 r/w 34 of the Indian Penal
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Code alongwith Section 3 of the Maharashtra Protection of Interest of
Depositors (in Financial Establishments) Act, 1999 (for short “MPID”)
Act.


3.           The learned Advocate for the applicant submits that after
taking into consideration the period of custody that the applicant has
already undergone    in this case. The applicant is ready and willing to
deposit an amount of Rs. 5 lakhs at the time of his release on bail for
temporary period of 2 months and within the said period of his
temporary release he will arrange for the amount of Rs. 50 lakhs and
deposit the same in the trial Court.


4.           The learned Advocate for the respondent though opposed
offer by stating that applicant’s application on merits has been rejected
by this Court on 2 occasions and there is no change in the circumstance
that has been brought on record.


5.           The learned APP for the State also opposed on the same
ground.


6.           After hearing the learned Advocates for the parties and after
taking into consideration that the applicant is arrested on 13.06.2024
coupled with the fact that the entire investigation is now complete and
the custody of the applicant for the purpose of investigation is absolutely
not necessary. I think it is appropriate to grant temporary bail to the
applicant for a period of 88 days from the date of his release as by way of
interim relief.


7.           The main application shall be kept pending so as to find out
as to whether the statement and assurance given to this Court by the
applicant is bonafidly abide. Hence the following order :
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                                ORDER

(i)        The interim Bail Application is allowed.

(ii)  The applicants shall be released on bail in Crime No. I-
521 of 2024 registered at Shevgaon Police Station, District
Ahilyanagar, for the offences punishable under Sections 420,
406, 409 r/w 34 of the Indian Penal Code alongwith Section 3 of
the Maharashtra Protection of Interest of Depositors (in
Financial Establishments) Act, 1999 (for short “MPID”) Act. on
furnishing a personal bond of Rs. 50,000/- (Rupees Fifty
Thousand only) with one solvent surety in the like amount, for a
period of 88 days from the date of his release on following
conditions :

      a)    The applicant shall deposit an amount of Rs. 5 Lakhs
      (Rs. Five Lakhs Only) in the trial Court at the time of his bail
      sureties and only thereafter the learned trial Court shall
      issue bail Writ in favour of the applicant.

      b)    Upon release of the applicant, within a period of 88
      days the applicant shall deposit an amount of Rs. 50 Lakhs
      in the trial Court and submit an affidavit of compliance in
      this Court alongwith the receipt of the said deposit on or
      before the next date.

      c)    On expiry of 88 days, upon failure to deposit of
      amount of Rs. 50 Lakhs the applicant shall immediately
      surrender to the jail custody. If the applicant fails to
      surrender on or before of 88 th day from the date of his
      release, the jail authority and the investigating officer will be
      a liberty to re-arrest the applicant and send him to the
      custody.

      d)      List the matter on 26.11.2026.

      e)    If the amount of Rs. 50 Lakhs is deposited by the
      applicant the same shall be apportioned amongst the
      beneficiaries by the trial Court in accordance with the law.

      f)    The applicant shall attend the concerned Police
      Station on every Monday in between 11.00 to 2.00 p.m. and
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             mark his presence before the Investigating Officer, unless
             his attendance is specifically exempted.

             g)    The applicant shall not leave the jurisdiction of this
             Court without permission of this Court.



             h)    The applicant shall not, directly or indirectly, contact,
             threaten, induce or influence the informant or any
             prosecution witness and shall not tamper with the
             prosecution evidence.

             i)   The applicant shall furnish his current residential
             addresses and mobile numbers to the Investigating Officer
             and the trial Court within seven days of release, intimate
             any change forthwith, and attend the Investigating Officer
             upon prior written notice if further investigation is required.

             j)     The applicant shall not leave India without prior
             permission of the trial Court and, if he possess passports,
             shall deposit the same with the trial Court within seven days
             of their release.

             k)     The applicant shall not involve himself in any offence
             of a similar nature while on bail.

             l)    Breach of any of the above conditions shall entitle the
             prosecution to apply for cancellation of bail.

             m)    All observations in this order are prima facie and
             confined to the decision of this bail application. The trial
             Court shall decide the case independently on the evidence
             led before it.

             n)    The Bail Application and the pending           Criminal
             Applications are disposed of in the above terms.




                                         (HITEN S. VENEGAVKAR, J.)

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