Bombay High Court

BANKESH BHAVSAR S/O BALDEV BHAVSARversusTHE STATE OF MAHARASHTRA AND ANR

Decided: 8 May 2026
Disposal: Disposed Off
Bench: N R BORKAR

Holding

The direction to furnish a local surety is relaxed, with the applicant required to furnish a surety within eight weeks.

Summary

Bankesh Bhavsar filed an interim application in Criminal Appeal No.1408 of 2019 seeking relief from a direction dated 13‑02‑2026 that required him to furnish a local surety. The High Court, after hearing counsel for the applicant and the Special Public Prosecutor for SEBI, exercised its discretion to relax the requirement of a local surety. The Court directed the applicant to furnish a surety, as per the original order, within eight weeks from the date of the judgment. No substantive discussion of the merits was recorded, as the application was procedural. The interim application was consequently disposed of.

Issues considered

Whether the direction to furnish a local surety under the order dated 13‑02‑2026 can be relaxed.

Subjects

interim application
surety
criminal appeal
relaxation of order
High Court of Bombay

Judgment

                                                            502-ia-1094-2026(copy).doc


          IN THE HIGH COURT OF JUDICATURE AT BOMBAY
                CRIMINAL APPELLATE JURISDICTION

                  INTERIM APPLICATION NO. 1094 OF 2026
                                   IN
                    CRIMINAL APPEAL NO. 1408 OF 2019

Bankesh Bhavsar S/o. Baldev Bhavsar                 …Applicant

        V/s.

The State of Maharashtra and Anr.                   ...Respondents


Mr. Manish Bohra, Advocate for the Applicant.
Mr. B. V. Holambe Pati, APP for the Respondent No.1/State.
Adv. Ushajee Peri, SPP for SEBI, for Respondent No.2.


                                  CORAM         :   N.R. BORKAR, J.
                                  DATE          :   08.05.2026.

P.C. :

1.                I have heard the learned counsel for the applicant and
learned Special PP for the SEBI.

2.                For the reasons stated in the application, the direction
in the order dated 13.02.2026 that the applicant shall furnish local
surety is relaxed.

3.                The applicant shall furnish a surety in terms of the said
order within a period of eight weeks from today.

4.                The interim application is disposed of.


                                                     [N.R.BORKAR, J.]
Pramod S.Lakare
                                          1/1

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