Archive · 13 Aug 2025
Thane Court Denies Bail to Mira Road Builder in ₹2.17 Crore Flat Fraud Case
A builder in Mira Road, India, is in trouble for allegedly taking money from people to buy flats and then not giving them the flats.
A court has decided that the builder must be investigated because he took a lot of money and didn't deliver the promised flats.
The people who invested money were told they would get flats in a new building after the first building was torn down, but they never received any flats.
The builder's lawyers said the accusations were wrong, but the court believes the investigation is important and that the builder needs to cooperate.
So, the builder has not been given bail and will be investigated.
Thane court denied anticipatory bail to Mira Road builder Vinod Vaghasiya in a ₹2.17 crore flat fraud case.
The case involves allegations of misappropriating funds and failing to provide flats to investors.
Complainant invested in 2008, was promised flats in a new project after initial construction was demolished.
Despite assurances, flats were not provided, and some were allegedly sold to others.
The court cited the seriousness of the offenses and the need for a thorough investigation as reasons for denying bail.
- Who
- Vinod Vaghasiya, the builder, along with the complainant Ashwin Premji Bhanushali and others.
- What
- Thane court denied anticipatory bail to Mira Road builder Vinod Vaghasiya in a ₹2.17 crore flat fraud case.
- When
- The case involves investments from 2008 and a bail denial in recent times.
- Where
- Thane, Mira Road, and Avighna Complex in India.
- Why
- The court cited the seriousness of the offences and the need for a thorough investigation as reasons for denying bail.
- Accused
- Vinod Vaghasiya
- Case Type
- Flat Fraud
- Amount Allegedly Usurped
- ₹2.17 crore
- Complainant
- Ashwin Premji Bhanushali
- Original Investment Year
- 2008
- Project Names
- Om Construction, Avighna Complex
- Legal Act
- Maharashtra Ownership of Flats Act (MOFA), 1963