Mumbai: MPID Court Rejects Anticipatory Bail Of Ahmedabad Advocate In Alleged MHIL Investment Fraud
Mumbai, November 13, 2026: The designated MPID court has refused to grant anticipatory bail to 45-year-old Ahmedabad-based advocate Ruchita Kedia, whose role is being probed in an alleged investment fraud involving M.H. Infraprojects Ltd (MHIL) and its sister concern, Avishkar Buildcon LLP. Alleged Forged Cancellation Deed According to the prosecution, the companies involved had allegedly…
Mumbai's MPID court has denied anticipatory bail to 45-year-old advocate Ruchita Kedia, who is under investigation for alleged investment fraud involving M.H. Infraprojects Ltd (MHIL) and its subsidiary, Avishkar Buildcon LLP. Prosecutors claim that the companies allegedly mortgaged property to another company in 2017, with Kedia allegedly forwarding a forged cancellation deed through WhatsApp to Neel Thakkar, director of MHIL.
Kedia maintains she did not create or sign the document and merely forwarded it. The prosecution disputes this, citing a lack of registration of the deed in the Sub-Registrar's office and an issue with the mobile phone used. The court also stated that Kedia's custodial interrogation is necessary to uncover the document's author and its creation location, noting her conduct suggests complicity in the alleged offense.
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