Overview
- The MP/MLA court’s reasoned order, released Monday, confirms its February 27 acceptance of the EOW’s C‑Summary report in the alleged Rs 25,000 crore MSCB matter.
- The judge found no cognizable offence, noting no dishonest intent, no forged documents, no conspiracy, and no personal wrongful gain by directors or officials.
- Procedural breaches were treated as administrative or civil wrongs, with the court stressing that noncompliance with certain directions does not by itself constitute crime.
- The order records that auctions, including the 2012 Kannad Sugar Factory sale linked to Baramati Agro, followed SARFAESI procedures, loans were secured, and about Rs 850 crore has been recovered with recovery continuing.
- All protest petitions, including those by Surinder Mohan Arora and Anna Hazare, were rejected, though Arora said he will appeal as the case stemming from a 2019 Bombay High Court–mandated probe is now formally closed.