Home India CENTRAL SECTION Part IV-B (Ext 76) (13-2-2026), HOME DEPARTMENT, Order Mahar...
Date: 2026-02-13 Category: Not Applicable State: Maharashtra Country: India

Part IV-B (Ext 76) (13-2-2026), HOME DEPARTMENT, Order Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999. No. MPID 1121/C.R.652/POL-11 .

Issued by CENTRAL SECTION · Not Applicable

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Executive Summary & Key Takeaways

**Executive Summary** This document is an official order from the Government of Maharashtra, dated February 10, 2026, concerning the protection of interests of depositors under the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999. It orders the attachment of properties and bank accounts belonging to Dream Nirman Developers and Prathvi Builders and Developers due to failure to repay deposits and appoints the Sub-Divisional Officer, Vasai, as the competent authority to control these assets. **Key Points / Main Content** * **Financial Institutions Involved:** * Dream Nirman Builders & Developers * Prathvi Builders & Developers * **Reason for Action:** * Failure of the above-mentioned financial institutions and their management (Chairman, Directors, Managers, Promoters, Partners, and employees) to repay deposits to depositors after maturity. * Registration of an offense at Nalasopara Police Station under relevant sections of the Indian Penal Code and the Maharashtra Protection of Interest of Depositors Act, 1999. * The government is satisfied that the financial institutions are unlikely to return the deposits. * **Action Taken:** * Attachment of specific immovable and movable properties (bank accounts) belonging to the financial institutions and related individuals. Detailed lists of these assets are included in the schedule. * Appointment of the Sub-Divisional Officer, Vasai, as the Competent Authority to exercise control over the attached assets. **Impact Analysis** **Stakeholder:** Dream Nirman Developers and Prathvi Builders and Developers, and their Chairman, Directors, Managers, Promoters, Partners and employees. **Impact:** Loss of control over specified immovable and movable assets, including bank accounts and properties listed in the schedule. **Action Required:** Compliance with the attachment order, relinquishing control over the listed assets to the Competent Authority. **Stakeholder:** Depositors of Dream Nirman Developers and Prathvi Builders and Developers **Impact:** The attachment of properties is intended to safeguard their financial interests and potentially enable the recovery of their deposits. **Action Required:** No immediate action is specified, but depositors are the beneficiaries of the government's intervention and can potentially benefit from the asset liquidation process. **Stakeholder:** Sub-Divisional Officer, Vasai (Competent Authority) **Impact:** Given authority to exercise full control over assets previously owned by the above-mentioned companies. **Action Required:** Take control of attached immovable and movable assets.

Key Entities Referenced

Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999: The primary law under which the order is issued, focusing on protecting the interests of depositors. Dream Nirman Developers: One of the financial establishments accused of defaulting on deposits, central to the order's scope. Prathvi Builders and Developers: The other financial establishment accused of defaulting on deposits, central to the order's scope. Sub-Divisional Officer, Vasai: Appointed as the competent authority to control attached properties of the financial establishments. Palghar: The district where the properties of the financial establishments are located. Indicates the geographical scope of the property attachment order.
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M-04 ( E:\2026\Gazette\Part IV-B Extra\Part IV-B (Extra No. 76)\Part IV-B (Ext 76)) RNI No. MAHBIL /2009/37831 महाारााष्ट्रट शाासन रााजपत्र असाधााराण भााग चाारा-ब वर्षष १२, अंक २०(७)] शाुक्रवारा, फेेब्रुुवाराी १३, २०२६/माघ २४, शाके १९४७ [पष्ृठे े5, किंकमं त : रुपये े९.०० असाधााराण क्रमांक ७६ प्रााकिंधाकृत प्राकाशान महाारााष्ट्र शाासनाने महाारााष्ट्र अकिंधाकिंनयेमांन्वयेे तयेारा केलेेलेे (भााग एक, एक-अ आकिंण एक-ले येांमध्येे प्राकिंसद्ध केलेेलेे किंनयेम व आदेेशा येांव्येकिंतरिराक्त) किंनयेम व आदेेशा. गृहा किंवभााग दुुसरा मजलाा, मंत्राालाय, मादुाम काामा मागग, हुुताात्मा राजगुरु चाौका, मुंबई ४०० ०३२, दिदुनांांका १० फेेब्रुुवाारी, २०२६. आदेेशा महाारााष्ट्र ठेेवीदेाराांच्येा (किंवत्तीीये संस्थांांमधाीले) किंहातसंबंधााचाे संराक्षण अकिंधाकिंनयेम, १९९९. क्रमांका एमपीीआयडीी-११२१/प्र.क्र.६५२/पीोला-११.— ज्याअर्थीी, मे. ड्रीीम दिनांमागण दिबल्डीसग वा प्राथ्वाी डीेव्हुलापीसग दिला. (यापीुढेे “उक्ता दिवादि�य सस्ं र्थीा” अस ेसबं ोदि�ला ेआहु)े हुी दिवा�ीय सस्ं र्थीा आदिण सदुर सस्ं र्थीचाे ेअध्यक्ष, सचां ालाका, व्यवास्र्थीापीका आदिण प्रवाताकाग दिकावां ा कामचाग ारी यांनांी ग्रााहुकाांकाडीूनां ठेेवाी स्वाीकाारल्या हुोत्या; आदिण ज्याअर्थीी, उक्ता दिवा�ीय सस्ं र्थीा वा सदुर सस्ं र्थीेचा ेअध्यक्ष, सचां ालाका, व्यवास्र्थीापीका आदिण प्रवाताकाग यानांं ी ठेेवाीदुारानांं ी स्वाीकाारलाल्े या ठेेवाी मुदुतापीूताीनांंतार पीरता कारण्यास कासूर काेलाी असल्यानांे मे. ड्रीीम दिनांमागण दिबल्डीसग वा प्राथ्वाी डीेव्हुलापीसग दिला. या कांपीनांीदिवारुद्ध नांालाासोपीारा पीोलाीस ठेाणे, पीोलाीस आयुक्ताालाय, दिमरा-भााईंदुर, वासई-दिवारार गुन्हुा रदिज. क्र १०४/२०२०, भाादुंदिवा कालाम ४०६, ४०९, ४२०, ३४ सहु महुाराष्ट्र ठेेवाीदुारांच्या (दिवा�ीय संस्र्थीांम�ीला) दिहुतासंबं�ाचाे संरक्षण अदि�दिनांयम, १९९९ (२००० चाा महुा.१६) चाे कालाम ३ वा ४ तासेचा महुाराष्ट्र मालाकाी सदुदिनांकाा (बां�कााम, दिवाक्री, व्यवास्र्थीापीनां आदिण हुस्ताांतारणाच्या जादिहुराताीचाे दिनांयमनां) अदि�दिनांयम, १९६३ (१९६३ चाा महुा.१४) म�ीला कालाम ३, ४, १३ अन्वाये गुन्हुा दुाखला काेलाा आहुे ; आदिण ज्याअर्थीी, महुाराष्ट्र शाासनांाचाी अशाी खात्राी झाालाी आहुे काी, उक्ता दिवा�ीय संस्र्थीा आदिण सदुर संस्र्थीेचाे अध्यक्ष, संचाालाका, व्यवास्र्थीापीका आदिण प्रवाताकाग हु ेठेेवाीदुारानांं ा त्यांच्या ठेेवाी मुदुतापीूताीनांंतार पीरता कारण्यास अपीयशाी ठेरला ेअसूनां उक्ता दिवा�ीय सस्ं र्थीाद्वाार ेठेेवाीदुारांच्या ठेेवाी पीरता कारण्याचाी शाक्यताा दिदुसूनां येता नांाहुी ; आदिण ज्याअर्थीी, महुाराष्ट्र शाासनांालाा, उक्ता दिवा�ीय संस्र्थीेनांे जमा काेलाेल्या ठेेवांम�ूनां त्यांच्या स्वाता:च्या अर्थीवाा अन्य व्यक्तांच्या नांावाे रक्काम वा अन्य मालाम�ा संपीादिदुता कारण्याता आलाी असल्याचाे अदिभाकादिर्थीता असल्यानांे उक्ता दिवा�ीय संस्र्थीांम�ीला ठेेवाीदुारांच्या दिहुतााचाे संरक्षण कारण्यासाठेी अशाी रक्काम दिकांवाा अन्य मालामताा जप्ता कारण्याचाे आदिण अशाा जप्ता जप्ता रक्काम दिकांवाा अन्य मालाम�ा यांवार दिनांयंत्राण ठेेवाण्याकारिरताा उपीदिवाभाागीय दुंडीादि�काारी, वासई यांचाी सक्षम प्रादि�काारी म्हुणूनां दिनांयुक्ताी कारणे आवाश्यका वााटताे. (१) भााग चाार-ब-७६–१ PPaarrtt IIVV--BB ((EExxtt 7766))..iinndddd 11 1177//0022//22002266 1166::2222::5577M-04 ( E:\2026\Gazette\Part IV-B Extra\Part IV-B (Extra No. 76)\Part IV-B (Ext 76)) 2 महाारााष्ट्रट शाासन रााजपत्र असाधााराण भााग चाारा-ब, फेेब्रुुवाराी १३, २०२६/माघ २४, शाके १९४७ त्याअर्थीी, आताा, महुाराष्ट्र ठेेवाीदुारांच्या (दिवा�ीय संस्र्थीांम�ीला) दिहुतासंबं�ाचाे संरक्षण अदि�दिनांयम, १९९९ (२००० चाा महुा.१६) (याता यापीुढेे ज्याचाा “उक्ता अदि�दिनांयम” असा दिनांदुेशा कारण्याता आलाा आहुे) याच्या कालाम ४ चाे पीोट-कालाम (१) वा कालाम ५ चा े पीोट-कालाम (१) याद्वाारे प्रदुानां कारण्याता आलाेल्या अदि�काारांचाा वाापीर कारूनां महुाराष्ट्र शाासनां याद्वाारे- (अ) ड्रीीम दिनांमागण डीेव्हुलापीसग पी�ा शाॉपी नांं. १, २, ३, पीुनांम इंंम्पीायर, फेनांदिफेस्टा दिसनांेमा जवाळ, नांालाासोपीारा पीूवाग वा मे. प्राथ्वाी दिबल्डीसग ॲन्डी डीेव्हुलापीसग, पीताा शाॉपी नांं.१, स्नांेहुा नांगर दिबल्डिंल्डी�ग, दिनांळेमोरे गांवा, गांवा दुेवाी मंदिदुर समोर, नांालाासोपीारा पील्डिंश्चाम, दिज. पीालाघर या दुोनां दिवा�ीय संस्र्थीेचाे अध्यक्ष, संचाालाका, व्यवास्र्थीापीका, प्रवातागका आदिण कामगचाारी दिकांवाा काोणताीहुी अन्य व्यक्ताी यांच्या नांावाे असलाेलाी, सोबताच्या अनांुसूदिचाता दिवादिनांदिदुगष्ट काेल्याप्रमाणे रक्काम वा अन्य मालाम�ा जप्ता कारीता आहुे, आदिण (ब) अशाा जप्ता काेलाेल्या रक्काम वा अन्य मालाम�ेवार उपीदिवाभाागीय दुंडीादि�काारी, वासई यांचाी सक्षम प्रादि�काारी म्हुणूनां दिनांयुक्ताी कारीता आहुे. अनुसूचाी मे. ड्रीीम दिनांमागण दिबल्डीसग वा प्राथ्वाी डीेव्हुलापीसग दिला.या संस्र्थीेचाे संचाालाका, व्यवास्र्थीापीका, प्रवातागका, अन्य व्यक्ताी दिकांवाा कामगचाारी यांचाी जप्ता कारावायाचाी रक्काम दिकांवाा अन्य मालाम�ा यांचाी सूचाी खालाीलाप्रमाणे आहुे :- (अ) स्थांावरा मालेमत्तीा तपशाीले :- अ.क्र. किंजल्हाा गाव/ तालेुका मालेमत्तीेचाे वणषन मालेमत्तीा धााराक १ पीालाघर वासई सव्हुे नांं. १८७ ब म�ीला ड्रीीम दिनांमागण महुंमदु चाांदु हुदिनांफे शाेख दिबल्डिंल्डी�गचाे प्रोजेक्ट मौजे दिनांळेमोरे, नांालाासोपीारा पील्डिंश्चाम २ पीालाघर वासई फ्लाॅट नांं.१०२, रश्मी रिरजन्सी II, पीवानां चांद्रप्रकााशा दितावाारी नांालाासोपीारा (पीूवाग) ३ पीालाघर वासई सी/३०१, न्यु सजावाट काॉम्प्लाेक्स, आचाोळे महुंमदु चाांदु हुदिनांफे शाेख रोडी, नांालाासोपीारा (पीूवाग) ४ पीालाघर वासई सी/३०२, न्यु सजावाट काॉम्प्लाेक्स, आचाोळे महुंमदु चाांदु हुदिनांफे शाेख रोडी, नांालाासोपीारा (पीूवाग) ५ पीालाघर वासई सी/२०१, न्यु सजावाट काॉम्प्लाेक्स, आचाोळे महुंमदु चाांदु हुदिनांफे शाेख रोडी, नांालाासोपीारा (पीूवाग) (ब) जंगम मालेमत्तीा तपशाीले :- किंशाल्लेक अ. क्र. खाातेदेारााचाे नाव बँकेचाे नाव व शााखाा खााते क्र. राक्कम (१) (२) (३) (४) (५) १ मे. प्राथ्वाी दिबल्डीसग ॲन्डी �नांलाक्ष्मी बँका शााखा, ०२०८०६२००००११६२ ०० डीेव्हुलापीसग नांालाासोपीारा (पी.), दिज.पीालाघर २ मे. प्राथ्वाी दिबल्डीसग ॲन्डी रत्नांाकार बँका दिलादिमटेडी, ४०९००००४८०६५ ०० डीेव्हुलापीसग दिवारार (पीू.), दिज.पीालाघर PPaarrtt IIVV--BB ((EExxtt 7766))..iinndddd 22 1177//0022//22002266 1166::2222::5577M-04 ( E:\2026\Gazette\Part IV-B Extra\Part IV-B (Extra No. 76)\Part IV-B (Ext 76)) महाारााष्ट्रट शाासन रााजपत्र असाधााराण भााग चाारा-ब, फेेब्रुुवाराी १३, २०२६/माघ २४, शाके १९४७ 3 किंशाल्लेक अ. क्र. खाातेदेारााचाे नाव बँकेचाे नाव व शााखाा खााते क्र. राक्कम (१) (२) (३) (४) (५) ३ मे. प्राथ्वाी दिबल्डीसग ॲन्डी एचा. डीी. एफे.सी. बँका दिला. ५०२००००२०२२७८८ ०० डीेव्हुलापीसग नांालाासोपीारा (पी.), दिज. पीालाघर ४ मे.ड्रीीम दिनांमागण डीेव्हुलापीसग बसीनां काॅर्थीोदिलाका बँका, सीसी/३४८ (काॅशा क्रेडीीट) ०० उमराळे शााखा, दिज. पीालाघर ५ मे. ड्रीीम दिनांमागण डीेव्हुलापीसग बसीनां काॅर्थीोदिलाका बँका, सीसी/३४५८ (चाालाू खाताे) ०० उमराळे शााखा, दिज. पीालाघर महुाराष्ट्राचाे राज्यपीाला यांच्या आदुेशाानांुसार वा नांावाानांे, अनुप कुमारा किंसंग, शाासनांाचाे प्र�ानां सदिचावा (दिवाशाेष). भााग चाार-ब-७६–२ PPaarrtt IIVV--BB ((EExxtt 7766))..iinndddd 33 1177//0022//22002266 1166::2222::5577M-04 ( E:\2026\Gazette\Part IV-B Extra\Part IV-B (Extra No. 76)\Part IV-B (Ext 76)) 4 महाारााष्ट्रट शाासन रााजपत्र असाधााराण भााग चाारा-ब, फेेब्रुुवाराी १३, २०२६/माघ २४, शाके १९४७ HOME DEPARTMENT Mantralaya, Madam Cama Marg, Hutatma Rajguru Chowk, Mumbai 400 032, dated the 10th February, 2026. Order Maharashtra Protection of interest of DePositors (in financial establishMents) act, 1999. No. MPID 1121/C.R.652/POL-11 .— Whereas, M/s. the Dream Nirman Developers and M/s. Prathvi Builders and Developers (hereinafter respected to as the said financial Establishment) and its Chairman, Directors, Managers, Promoters, Partners and its employees responsible for its management have received deposits from depositors under the scheme to repay the deposits on maturity along with benefits promised thereof to the depositors ; And whereas an offence has been registered against the said financial establishments and its Chairman, Directors, Managers, Promoters, Partners and its employees at Nalasopara Police Station, Commissioner of Police Mira-Bhayander Vasai-Virar vide Complaint Register No. 104/2020, under sections 406, 409, 420 and 34 of the Indian Penal Code (45 of 1860) and under sections 3 and 4 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999 (Mah. XVI of 2000) and sections 3, 4 and 13 of the Maharashtra Ownership Flats (Regulation of the promotion of construction, sale, management and transfer) Act, 1963 (Mah. XIV of 1963) that they have collected the deposits and failed to repay the deposits after maturity ; And whereas, the Government of Maharashtra is satisfied that the said Financial Establishments and its Chairman, Directors, Managers, Promoters, Partners and its employees has failed to repay the deposits and the said Financial Establishments is not likely to return the deposits to the depositors ; And whereas, the Government of Maharashtra considers it expedient to attach the monies or other properties believed to have been acquired by said Financial Establishments and its Chairman, Directors, Managers, Promoters, Partners and its employees or any other person, either in their own name or in the name of any other person from out of the deposits collected by the said Financial Establishments, in order to protect the interest of the depositors of the said Financial Establishments and to appoint the Sub-Divisional Officer, Vasai as the Competent Authority to exercise control over the monies and the other properties attached. Now, therefore, in exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999 (Mah. XVI of 2000), the Government of Maharashtra hereby,- (a) attaches the monies or other properties in the name of M/s. Dream Nirman Developers, Office Adress Shop No.1, 2, 3, Punam Empire, near Funfista Cinema, Nalasopara (East) and M/s. Prathvi Builders and Developers Office Address, Shop No.1, Sneha Nagar Building, Nilemore Goan, Opp. Gav Devi, Nalasopara (West) and its Chairman, Directors, Managers, Promoters, Partners and its employees or any other person, as specified in the Schedule appended hereto; and (b) appoints the Sub-Divisional Officer, Vasai to be the Competent Authority to exercise control over the monies and other properties attached. Schedule List of the monies or other properties of the M/s. Dream Nirman Developers and M/s. Prathvi Builders and Developers and its Chairman, Directors, Managers, Promoters, Partners and its employees or any other person to be attached are as follows namely :– PPaarrtt IIVV--BB ((EExxtt 7766))..iinndddd 44 1177//0022//22002266 1166::2222::5577M-04 ( E:\2026\Gazette\Part IV-B Extra\Part IV-B (Extra No. 76)\Part IV-B (Ext 76)) महाारााष्ट्रट शाासन रााजपत्र असाधााराण भााग चाारा-ब, फेेब्रुुवाराी १३, २०२६/माघ २४, शाके १९४७ 5 (A) Immovable Property Details :- Sr. No. District Village/Taluka Property Details Property Owner (1) (2) (3) (4) (5) Survey No. 187 B, Dream Nirman Building Mohd. Chand 1 Palghar Vasai Project, Village Nilemore, Hanif Shaikh Nalasopara West Flat No. 102, Rashmi Pawan 2 Palghar Vasai Regency II, Nalasopara Chandraprakash East Tiwari C/301, New Sajawat Mohd. Chand 3 Palghar Vasai Building, Achole Road, Hanif Shaikh Nalasopara East. C/302, New Sajawat Mohd. Chand 4 Palghar Vasai Building, Achole Road, Hanif Shaikh Nalasopara East C/201, New Sajawat Mohd. Chand 5 Palghar Vasai Building, Achole Road, Hanif Shaikh Nalasopara East (B) Movable Property Details :- Sr. Particular Type of Name of the Bank Account Number Balance No. Account (1) (2) (3) (4) (5) (6) 1 M/s. Prathvi Dhanalakshmi Bank, Partnership Builders and Nalasopara West Branch 020806200001162 00 Account Developers Dist. Palghar 2 M/s. Prathvi Partnership Ratnakar Bank Ltd. Virar Builders and 409000048065 00 Account East Branch, Dist. Palghar Developers 3 M/s. Prathvi H.D.F.C. Bank, Partnership Builders and Nalasopara West Branch, 50200002022788 00 Account Developers Dist. Palghar 4 M/s. Dream Basin Catholice Bank, Partnership Nirman Umarole Branch, Cc/348(Cash credit) 00 Account Developers Dist. Palghar 5 M/s. Dream Basin Catholice Bank, Partnership Cc/3458(current Nirman Umarole Branch, 00 Account account) Developers Dist. Palghar By order and in the name of the Governor of Maharashtra, ANUP KUMAR SINGH, Principal Secretary (Special) to Government. ON BEHALF OF GOVERNMENT PRINTING, STATIONERY AND PUBLICATION, PRINTED AND PUBLISHED BY DIRECTOR, RUPENDRA DINESH MORE, PRINTED AT GOVERNMENT CENTRAL PRESS, 21-A, NETAJI SUBHASH ROAD, CHARNI ROAD, MUMBAI 400 004 AND PUBLISHED AT DIRECTORATE OF GOVERNMENT PRINTING, STATIONERY AND PUBLICATIONS, 21-A, NETAJI SUBHASH ROAD, CHARNI ROAD, MUMBAI 400 004. EDITOR : DIRECTOR, RUPENDRA DINESH MORE. PPaarrtt IIVV--BB ((EExxtt 7766))..iinndddd 55 1177//0022//22002266 1166::2222::5577

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