Pune, May 2026: Multiple legal proceedings have been initiated against Bridge Water Realty LLP and its partners, including Ranjeet Darak and Nitin Chavan, over alleged fraud, document manipulation, and misuse of Power of Attorney (POA) in land deals across Lohgaon and Vadgaonsheri.
In the Lohgaon case, the Economic Offences Wing has registered an FIR based on a complaint by Subodh Runwal of Runwal Enterprises Ltd, alleging a ₹17 crore fraud. The dispute dates back to a 2007 joint venture involving a ₹10 crore refundable deposit and additional development expenses. Following the death of Satish Mittal, his legal heirs allegedly transferred development rights to Bridge Water Realty without clearing dues or honouring prior agreements.
Investigations indicate that Runwal Enterprises still holds physical possession of the land. Authorities have flagged alleged irregularities, including unauthorised rights transfer, use of questionable documents, and intimidation claims. Charges of cheating, forgery, and criminal conspiracy have been filed.
In a separate Vadgaonsheri case, complainant Jagdish Galande has alleged misuse of a limited POA, claiming it was used beyond its scope to execute a fresh exchange deed without consent, along with suspected forged signatures. A civil suit has been filed seeking cancellation of documents and a stay on development.
Meanwhile, the Bombay High Court has set aside an earlier Pune District Court order, directing both parties to maintain status quo pending further hearings.
