13-WP-4121-2025 (CR).doc IN THE JUDICATURE OF HIGH COURT AT BOMBAY CIRCUIT BENCH AT KOLHAPUR CRIMINAL APPELLATE JURISDICTION WRIT PETITION NO. 4121 OF 2025 Mukund Rajaram Chavan & Ors ..… Petitioners VERSUS State of Maharashtra & Ors ..… Respondents ... Mr. D. V. Sutar a/w Adv. Reshma J. Adnaik, Advocates for Petitioners. Mrs. Mahalakshmi Ganapathy, (Through VC) Additional PP a/w Mrs. Priyanka S. Rane, APP for Respondent-State. Mr. Sagar Patil, Investigating Officer A.P.I. EOW Sangli present. ... CORAM : RAJESH S. PATIL AND ABHAY J. MANTRI, JJ. DATE : 31 AUGUST 2026. P. C. : 1. By the present Petition, the Petitioners, claiming to be victims in a crime registered against the Accused for the offences punishable under Sections 406, 409 and 420 read with Section 34 of the Indian Penal Code, 1860 and Section 3 of the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999, seek a direction for constitution of a Special Investigation Team (SIT) to investigate the said crime and/or for transfer of the investigation to the State CID. Shubham 1 13-WP-4121-2025 (CR).doc 2. Learned APP has pointed out that the charge has already been framed. He submits that there are, in all, six accused, out of whom four accused have been arrested, while the remaining two accused are absconding. Proclamation has already been applied against the said two absconding accused. He further submits that at least 15 properties belonging to the accused have been proposed for attachment and 27 bank accounts have been frozen. 3. After hearing the matter for some time, we are satisfied that the investigation has been conducted properly by the Investigating Officer. 4. Learned APP, on instructions, submits that further investigation would be carried out and efforts would be made to secure the arrest of the two absconding accused. He further submits that, if any further details regarding properties belonging to the accused are received, appropriate steps for attachment of such properties would be taken in accordance with law. 5. In view of the statement made by the learned APP on instructions of the Investigating Officer, the learned Counsel for the Petitioners, on instructions, seeks leave to withdraw the present Petition. The statement made by the learned APP on behalf of the Investigating Shubham 2 13-WP-4121-2025 (CR).doc Officer is accepted. 6. The Petition stands disposed of as withdrawn. (ABHAY J. MANTRI, J.) (RAJESH S. PATIL, J.) Shubham 3 TALLE SHUBHAM ASHOKRAO Digitally signed by TALLE SHUBHAM ASHOKRAO Date: 2026.09.01 18:47:35 +0530