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Bombay High Court

Ketan Babubhai Rambhia vs State Of Maharashtra on 22 January, 2024

Author: Sarang V. Kotwal

Bench: Sarang V. Kotwal

2024:BHC-AS:3330



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                               IN THE HIGH COURT OF JUDICATURE AT BOMBAY
                                     CRIMINAL APPELLATE JURISDICTION

                              ANTICIPATORY BAIL APPLICATION NO.178 OF 2024

                    Ketan Babubhai Rambhia                                .... Applicant

                              versus

                    State of Maharashtra                                  .... Respondent
                                                        .......

                    •     Mr. Shailendra Mishra a/w Prem Tanna, Advocate for Applicant.
                    •     Ms. Pallavi N. Dabholkar, APP for the State/Respondent.

                                                  CORAM     : SARANG V. KOTWAL, J.
                                                  DATE      : 22nd JANUARY, 2024

                    P.C. :


                    1.               The Applicant is seeking anticipatory bail in connection

                         with C.R.No.879/2022, dated 27/08/2022, registered with

                         Goregaon Police Station, Mumbai, under sections 120, 120-B,

                         255, 256, 259, 406, 415, 418, 420, 459, 463, 468, 474, 471 r/w

                         34 of the Indian Penal Code.



                    2.               Heard Mr. Shailendra Mishra, learned counsel for the

                         Applicant and Ms. Pallavi N. Dabholkar, learned APP for the

                         State.
             Nesarikar




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 3.               The FIR is a result of the order passed u/s 156(3) of

      Cr.P.C. The FIR is lodged by one Smita Dhamapurkar. Initially,

      the complaint was given on her behalf on 17/02/2022 to the

      Senior Inspector of Police, Goregaon Police Station, regarding

      the same subject matter. The FIR mentions that the Applicant

      and his father were having a provision store. They were also in

      the business of finance and construction. The first informant had

      received substantial amount after her retirement. She was also

      in the search of a house. It is her case that the Applicant was

      aware of this fact. He told her that if she invested some money

      with him, he would give interest at 16% per annum and

      whenever she wanted her money back, he would return the

      principal amount. Based on this representation, the informant

      gave him Rs.9 lakhs in two installments dated 20/08/2020 and

      09/09/2020. After the money was paid, as the Applicant had

      told her that he would give flat on concessional rate, the

      informant asked the complainant to show that flat. The

      Applicant did not show any flat on the pretext that the

      construction was not completed. After six months, the Applicant




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      avoided the informant. He did not pay the interest. He had not

      issued any receipt. Therefore, at the instance of the informant,

      he executed two documents on two separate stamp papers,

      mentioning that he had received the amount of Rs.4 lakhs and

      Rs.5 lakhs respectively for a period of three years, at 16% per

      annum rate of interest. Even after some more days, nothing

      further transpired. The informant came to know that there were

      many such people who had invested with the Applicant and who

      had lost their money. The informant realized that she was

      cheated and her money was lost. On this basis, the FIR is

      lodged.



 4.               Learned counsel for the Applicant submitted that the

      other victim had lodged FIR of C.R.No.82/2022 at the same

      Goregaon police station on 15/02/2022. In that case, the

      investigation was carried out and the charge-sheet was filed u/s

      260, 262, 420, 465, 467, 468, 471 and 120-B of the IPC. In that

      case, it was specifically alleged against the Applicant that he had

      obtained money from different investors and the money




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      ultimately was not returned. He had executed documents on the

      forged stamp papers. In the present case also allegations are

      made that stamp papers used by the present Applicant for

      executing his acknowledgment in favour of the present

      informant, was executed on forged stamp papers. Learned

      counsel therefore submitted that the subject matter of the

      present FIR is exactly the same as that of the earlier FIR

      registered vide C.R.No.82/2022.



 5.               He submitted that the first informant in this case had

      given complaint to the police on 17/02/2022 regarding amount

      of Rs.9 lakhs. But there was no mention of any flat. He

      submitted that the story of the flat and the money having been

      given for the purchase of a flat was an afterthought, which was

      not a part of the earlier application. He submitted that the

      present FIR is in the nature of second FIR. In the earlier case,

      the Applicant was arrested and was in custody for at least 10

      months. He was released on bail. At that time, the investigating

      agency      had      thoroughly   investigated    the     case      and      had




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      interrogated the Applicant. Therefore, based on the similar

      allegations, the Applicant's custodial interrogation is not

      necessary.



 6.               Learned APP submitted that the present subject matter

      is restricted to the loss caused to the first informant Smita.

      Therefore, it is a separate subject matter and it is not in the

      nature of the second FIR. However, she conceded that in the

      earlier FIR, the question of use of forged stamp papers was also

      considered and it was investigated. At that time, there were

      other victims. Those were 70 to 80 in numbers. Therefore, the

      investigating agency had an opportunity to investigate in respect

      of the allegations of investment made by all the victims.



 7.               I have considered these submissions. From the record it

      is quite clear that the Senior Inspector of Goregoan Police

      Station, was aware of the grievance of the first informant Smita

      on 17/02/2022 itself. At that time, the investigation into

      C.R.No.82/2022 was going on, as the said offence was




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      registered on 15/02/2022 itself. The investigating agency's case

      is that there were many other victims like the informant in

      C.R.No.82/2022. Then obviously, the present informant Smita

      was also one of the investors/victims, who had lost her money.

      Therefore, I find substance in the submissions of learned counsel

      for the Applicant that investigating agency had full opportunity

      to investigate into the allegations or investment made by the

      investors including Smita. Therefore, at this stage, again

      subjecting the Applicant for custodial interrogation, on similar

      allegations is not warranted. As far as the allegations of forgery

      of stamp papers are concerned, the earlier investigation covered

      that issue as well. Therefore, for that purpose also, the

      Applicant's custodial interrogation is not necessary.



 8.               Considering this discussion, the Applicant can be

      protected u/s 438 of Cr.P.C. with directions to him to attend the

      concerned police station and to cooperate with the investigation.



 9.               Hence, the following order :




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                                          ORDER

(i) In the event of his arrest in connection with C.R.No.879/2022, dated 27/08/2022, registered with Goregaon Police Station, Mumbai, the Applicant is directed to be released on bail on his furnishing PR bond in the sum of Rs.30,000/- (Rupees Thirty Thousand Only) with one or two sureties in the like amount.

(ii) The Applicant shall attend the concerned Police Station from 05/02/2024 to 08/02/2024 between 01.00 to 05.00 p.m. and thereafter as and when called and shall cooperate with the investigation.

(iii) The application stands disposed of accordingly.

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