. MUMBAI: A special court for MP/MLA cases that last month accepted the economic offences wing’s closure report in the Rs 25,000-crore Maharashtra State Cooperative Bank (MSCB) scam case involving the late Ajit Pawar , deputy CM Sunetra Pawar and their nephew NCP-SP MLA Rohit Pawar held in many instances that “no loss was caused to the bank due to allotment of loan” and concluded that “no personal wrongful gain is acquired by directors”. It held that no criminal conspiracy was hatched by the accused.Giving relief to Rohit’s company, Baramati Agro, it said the due legal process was followed in the 2012 auction of Kannad Sahakari Sugar Factory. The detailed 127-page common order was made available Monday. From Baramati To Power Broker: How Ajit Pawar’s Sudden Death Leaves A Massive Political Vacuum The allegations centred on 31 district central cooperative banks under the MSCB umbrella that granted loans to sugar factories, which later defaulted. Israel Iran WarUS-Israel-Iran War News Live Updates: Iran calls Israeli bombing of fuel depots ‘ecocide’; Trump warns Nato over war fallout’Fabrication of clips using AI’: UAE orders action against 19 Indians over misleading posts amid Iran warNetanyahu Debunks Death Rumours: PM posts new cafe video; envoy calls AI claims fakeIt was alleged that the subsequent auctioning of these factories favoured kin of bank office-bearers. However, special judge Mahesh K Jadhav categorised these as administrative “civil wrongs”, rather than criminal acts.In the case of five entities, it was alleged that the MSCB board of directors, including Ajit, sanctioned illegal loans and provided favourable terms to units in which they had financial or personal interests.The judge said statutory reports, witness statements and evidence do not demonstrate the commission of cognisable offences. “Therefore, all protest petitions, including that of original complainant, deserve to be rejected and ‘C’ summary report is liable to be accepted.” The judge pointed out that recovery process is ongoing and that Rs 850 crore has been recovered so far.About the AuthorRebecca SamervelArmed with a degree in political science and law, Rebecca Samervel waltzed into journalism after a brief stint in modeling. As a reporter at The Times of India, Mumbai, she covers courts. She is a self-confessed food-a-holic. Travelling, politics and television are her passions. If you want to find her during the week the only place to look is the Bombay high court.Read MoreEnd of ArticleFollow Us On Social MediaVideosIndia Holds Off On US Trade Deal Signing As Washington Resets Global Tariff ArchitectureInternet Calls Bibi’s Cafe Video ‘Deepfake’, Israel Says PM Alive; ‘Free Palestine’ Echoes At OscarsIran Seeks Return Of 3 Tankers Seized By India In Return For Hormuz Safe Passage: ReportThree Indian Navy Destroyers Quietly Secure Oil Tankers Passage Through Volatile HormuzAnother Pinaka Regiment Becomes Operational, Three More By 2027: ReportsLPG Tanker ‘Shivalik’ Reaches India After Crossing Strait Of Hormuz, Docks At Gujarat’s Mundra PortMEA Confirms Safe Exit Of 600+ Indians From Iran Via Armenia, Azerbaijan Amid West Asia ConflictCentre Urges LPG Users To Shift To PNG While Assuring Uninterrupted Fuel Supply NationwideIndian Ship Shivalik Nears Mumbai While Nanda Devi And Jag Laadki Carrying Fuel Safely Past HormuzAnant Singh Declares He Will Quit Politics If Nitish Kumar Steps Down As Bihar CM123Photostories10 countries with the highest bird species in the world; India also secures a spot7 effective ways to keep your home cool during heatwavesUpcoming OTT releases this week (March 16 to 21): ‘Peaky Blinders’, ‘Chiraiya’, ‘BTS: The Comeback Live’, and more10 South Indian breads you should know aboutChaitra Navratri 2026: Avoid buying these items during the festival5 things a woman should never do for a man (And why it can ruin the relationship)7 forgotten Indian sarees that deserve to trend again5 high-protein smoothies for Sehri to keep you energised all dayExclusive – The 50’s Sidharth Bharadwaj gets emotional remembering his difficult phase abroad; says ‘When my show, Aafat, was released, Main 7-Eleven mein pocha maar raha tha’7 foods you should never eat without soaking and why123Hot PicksDoha travel alertLadakh statehood ralliesRasgulla choking deathGold rate todayIncome Tax CalculatorPublic holidays March 2026Bank Holidays MarchTop TrendingMagic JohnsonIndia LPG TankerGreen Card HoldersTaylor SwiftTeam VenezuelaGreen Card HoldersAssembly election dateStephen CurryNeymarEid ul fitr 2026
MUMBAI: A special court for MP/MLA cases that last month accepted the economic offences wing’s closure report in the Rs 25,000-crore Maharashtra State Cooperative Bank (MSCB) scam case involving the late Ajit Pawar , deputy CM Sunetra Pawar and their nephew NCP-SP MLA Rohit Pawar held in many instances that “no loss was caused to the bank due to allotment of loan” and concluded that “no personal wrongful gain is acquired by directors”. It held that no criminal conspiracy was hatched by the accused.Giving relief to Rohit’s company, Baramati Agro, it said the due legal process was followed in the 2012 auction of Kannad Sahakari Sugar Factory. The detailed 127-page common order was made available Monday.
The allegations centred on 31 district central cooperative banks under the MSCB umbrella that granted loans to sugar factories, which later defaulted. It was alleged that the subsequent auctioning of these factories favoured kin of bank office-bearers. However, special judge Mahesh K Jadhav categorised these as administrative “civil wrongs”, rather than criminal acts.In the case of five entities, it was alleged that the MSCB board of directors, including Ajit, sanctioned illegal loans and provided favourable terms to units in which they had financial or personal interests.The judge said statutory reports, witness statements and evidence do not demonstrate the commission of cognisable offences. “Therefore, all protest petitions, including that of original complainant, deserve to be rejected and ‘C’ summary report is liable to be accepted.” The judge pointed out that recovery process is ongoing and that Rs 850 crore has been recovered so far.
