State vs Ravindra Marathe and others — DSK group loan fraud case

Updates

1. Hearing15 Oct 2026

   Special PMLA court rejects plea to auction 131 DSK Group properties

   A Mumbai special PMLA court has denied a request from the prosecution to proceed with the auction of 131 properties belonging to the DSK Group, which are tied to the ongoing ₹610-crore investor fraud case.

   Explanation in simple terms

   What:

   A court refused a request to sell off property belonging to a business group.

   Who:

   The special PMLA court, the prosecution representing the government, and the accused Ravindra Marathe and others.

   When:

   Reported on 15 Oct 2026.

   Where:

   Mumbai and Pune, Maharashtra.

   Why:

   The court rejected the prosecution request to auction these assets tied to a fraud case.

   What it means:

   The planned sale of these properties cannot go ahead at this time.

   Free Press Journal
2. News21 Jun 2018

   DSK group fraud case: Bank of Maharashtra’s top officials held

   The Pune police told a local court that these officials had sanctioned the loan to the DSK group company without the approval of other banks,...

   Explanation in simple terms

   What:

   Police arrested top bank officials regarding a large loan fraud case.

   Who:

   The Pune Police arrested top officials of the Bank of Maharashtra. The case involves Ravindra Marathe and others from the DSK group. The information was presented to a local court.

   When:

   Reported on 21 Jun 2018.

   Where:

   Pune, Maharashtra.

   Why:

   The police state these officials allegedly approved a loan for the DSK group without getting required consent from other banks.

   What it means:

   The investigation is proceeding with the arrest of these bank officials for their alleged role in the loan fraud.

   The Indian Express