2024 (9) TMI 1016

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....nt ORDER P. C. In this application, the applicant has approached this Court seeking anticipatory bail in connection with an FIR bearing CR No.811 of 2021 registered at Akluj Police Station, Solapur, under Sections 420, 477-A, 467 and 409 read with 34 of the Indian Penal Code, and Section 3 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999. The....

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.... alleged transactions. The applicant was involved in the trade of medical equipment and Oxygen Concentrators, which were in high demand during the COVID period. The co-accused, Muniraj Naidu, initially rented and later purchased 28 Oxygen Concentrators from the applicant, using the name of co-accused Nitin Ughade. However, the applicant had no direct dealings with Nitin Ughade and only supplied th....

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..... The tax invoices were issued, and the GST was duly paid by the applicant. Apart from this specific business transaction, which has proper documentation, there is no evidence to implicate the applicant under Section 34 of the Indian Penal Code. Notably, the other two individuals who allegedly deposited some amount in the applicant's account have not been made accused. The original complaint w....

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....he Court. 7. This Court has given anxious consideration to the rival contentions and examined the record with reference to the applicable law. 8. It is not in dispute that the investigation is almost complete, and the documents related to the crime consist of bank records. Additionally, there is no dispute that the applicant was involved in the trade of medical equipment and oxygen concentra....