Bombay High Court

PRADIP S/O. RAMRAO SHINDE AND OTHERSversusTHE UNION OF INDIA AND OTHERS

Disposal: DISPOSED OFF

Holding

The direction sought under Section 4 of the MPID Act has been substantially complied with, and the petition is dismissed.

Summary

The petitioners filed a criminal writ petition seeking a direction for attachment of properties under Section 4 of the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999. The Assistant Public Prosecutor placed on record a communication dated 20 August 2026 along with the requisite notification issued under the same section. The petitioner's counsel argued that the direction sought had not been complied with, while the respondent's counsel contended that the notification satisfied the petitioners' demand. The Court examined the communication and notification and found that the attachment direction had been substantially complied with. Consequently, the Court held that there was no remaining ground for relief and disposed of the petition.

Issues considered

Whether the petitioners are entitled to a direction for attachment of properties under Section 4 of the MPID Act
Whether the notification issued by the authorities complies with the requirements of Section 4 of the MPID Act

Legislation cited

Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999 — s. 4

Subjects

attachment
MPID Act
depositor protection
criminal writ petition
High Court
compliance
dismissal

Judgment

2026:BHC-AUG:38025-DB

951 CRIMINAL WRIT PETITION NO. 1417 OF 2019

IN THE HIGH COURT OF JUDICATURE AT BOMBAY
BENCH AT AURANGABAD

951 CRIMINAL WRIT PETITION NO. 1417 OF 2019

Pradip S/o. Ramrao Shinde And Others
VERSUS
The Union Of India And Others
__________________________________________________________
Adv. D. R. Kore h/f. Adv. R. D. Biradar for the Petitioners
Ms. U. S. Bhosale, APP for State
Adv. A. G. Talhar for Respondent Nos. 1 to 3 and 5 - Absent
__________________________________________________________

CORAM : SANDIPKUMAR C. MORE AND
VAISHALI PATIL-JADHAV, JJ.

DATE : AUGUST 20, 2026

PER COURT :
1) Heard.

2) By way of the present petition, the petitioners

are seeking a direction for attachment of the properties

under Section 4 of the Maharashtra Protection of Interest of

Depositors (In Financial Establishments) Act, 1999 (for

short "MPID Act").

3) However, today, the learned A.P.P. has placed on

record the communication dated 20.08.2026 along with the

notification issued under Section 4 of the MPID Act.

4) The learned counsel holding for Mr. Biradar,

after going through the said notification, submits that the

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951 CRIMINAL WRIT PETITION NO. 1417 OF 2019

direction sought by the petitioners has been substantially

complied with.

5) The said communication along with the

notification is taken on record and marked as “X” for

identification.

6) In view of the above, nothing survives in the

present petition. Criminal Writ Petition, therefore, stands

disposed of.

(VAISHALI PATIL-JADHAV) (SANDIPKUMAR C. MORE)
JUDGE JUDGE

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