10. BA 3622-2026.doc IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION BAIL APPLICATION NO. 3622 OF 2026 Manoj Popatrao Musudage .Applicant Vs. The State of Maharashtra .Respondent Mr. Abhay Dhadiwal a/w. Mr. Rohit Jain i/b. Jayakar & Partners, Advocates, for the Applicant Mr. S. K. Karmakar, APP, for the Respondent – State CORAM : MILIND N. JADHAV, J. DATE : 28.09.2026 P. C. 1. Heard Mr. Dhadiwal, learned Counsel for the Applicant and Mr. Karmakar, learned APP for the Respondent – State. 2. This Application is filed under Section 483 of the Bhartiya Nagarik Suraksha Sanhita, 2023 (for short “BNSS”) in connection with C.R.No. 626 of 2024 registered with Shirur Police Station, Pune for offences punishable under Sections 409, 420, 467, 468, 471, 120B r/w. 34 of the Indian Penal Code, 1860 and Sections 3 and 4 of the Maharashtra Protection of Interest of Depositors Act, 1999 (for short “MPID Act”). 3. The Applicant before me happens to be a Director of the Patsanstha/Company which passed the two tharavs and granted loan of Anand 1 of 4 ANAND SUDHAKAR SUDAME Digitally signed by ANAND SUDHAKAR SUDAME Date: 2026.09.30 12:37:37 +0530 10. BA 3622-2026.doc Rs.27/- Crores to the principal Accused No. 1. The present Applicant, being Director was the signatory to both the tharavas. However, the role of the Applicant ended over there and the prosecution has not been able to show whether the Applicant was a beneficiary with regard to any of the proceeds of crime or that he was involved in a direct conspiracy with Accused No.1. The case of the Applicant is prima facie covered by the decision of this Court in the case of Ujjwala Tarachand Desarda vs. State of Maharashtra delivered on 21.09.2026 in B. A. No. 3530 of 2026. The role of the Applicant, being a Director is the same and hence, on parity, the Applicant is released on bail. 4. Hence, in view of above prima facie observations and finding, Bail Application of Applicant is allowed subject to the following terms and conditions:- (i) Applicant – Manoj Popatrav Musudage is directed to be immediately released from prison in connection with CR. No. 626 of 2024; (ii) Applicant is directed to be released on bail on furnishing P.R. Bond of Rs.50,000/- (Rs. Fifty Thousand only) with one or two sureties of the like amount; (iii) Applicant shall report to the Investigating Officer at` Anand 2 of 4 10. BA 3622-2026.doc Shirur Police Station, Pune, once every month, on the first Monday of the month between 10:00 a.m. to 12:00 p.m. until commencement of trial and thereafter shall attend all dates of hearing before the Trial Court; (iv) Applicant shall co-operate with the conduct of the trial and remain present before the Trial Court on all dates, unless specifically exempted. Applicant shall not seek unnecessary adjournments. Any such conduct shall entitle the prosecution to apply for cancellation of bail; (v) Applicant shall not leave the State of Maharashtra without prior permission of the Trial Court; (vi) Applicant shall not influence any of the witnesses or tamper with the evidence in any manner; (vii) Applicant shall keep the Investigating Officer informed of his current residential address and mobile telephone number and shall forthwith inform the Investigating Officer of any change in his residential address or mobile telephone number, as and when such change occurs; and (viii)Any breach or infraction of any of the aforesaid Anand 3 of 4 10. BA 3622-2026.doc conditions shall entail cancellation of the bail granted to the Applicant. 5. It is clarified that the observations made in this order are limited for the purpose of granting bail only and I have not made any observations on merits of the case. The trial shall be adjudicated on the strength of the evidence led and strictly on its own merits being uninfluenced with any of the prima facie observations made hereinabove in this order. 6. Bail Application is allowed and disposed in the above terms. (MILIND N. JADHAV, J.) Anand 4 of 4