LIST OF DATES AND EVENTS | MALEGAON SESSIONS COURT - WITH DOCUMENTS

LIST OF DATES AND EVENTS | HEERA GROUP CASE | MALEGAON

Anticipatory Bail Application No. 585/2019 | Filing Date: December 26, 2019 | Nowhera Shaikh (Applicant) versus State of Maharashtra (Respondent) | Additional Sessions Judge – 2, Malegaon | MPID

 

Ia.  December 26, 2019:  Nowhera Shaikh pleaded for bail against the promise of settling all claims of the complainants as well as those who have not come forward to claim within a period of 16 months from her release.

 

5.  The Applicant has therefore filed the present application for pre arrest bail on the following grounds, each of which is set out without prejudice to the other.

 

(o).  The Applicant humbly submits that the investors who want to withdraw their money can apply for withdrawals by means of withdrawal forms of the company. The money invested by them shall be returned to them in the following schedule:

 

i]  25% of the amount invested by the individual investor applying for withdrawal will be returned in the first four months that will be paid quarterly by the company.

 

ii]  Another 25% of the amount invested by that individual investor applying for withdrawal will be returned in the next four months that is total 8 months that will be paid quarterly by the company.

 

iii]  Another 25% of the amount invested by that individual investor applying for withdrawal will be returned in the next four months that is total 12 months that will be paid quarterly by the company.

 

iv]  Another 25% of the amount invested by that individual investor applying for withdrawal will be returned in the next four months that is total 16 months that will be paid quarterly by the company. The investor will start getting their requested money back within a period of 16 months from the date of my release and the accounts of the company are defreezed.

 

Ib.  January 3, 2020:  Citing the willingness of Nowhera Shaikh to settle the claims of the complainants, Malegaon District Court granted Anticipatory Bail by imposing certain stringent conditions:

 

ORDER

 

3.  Applicant shall deposit the amount of Rs. 1,10,00,000/- (Rs. One Crore Ten Lakhs Only) within three weeks from the date of this order as a condition precedent. If applicant fails to deposit the said amount before the Ld. Magistrate within three weeks, the bail order will stand cancelled automatically.

PROCEEEDURE CAME TO HALT AFTER HEERA GROUP APPROACHED SC.  HEERA SUBMITTED SC PETITION COPY TO MALEGAON DISTRICT COURT.