From Scam to Refund — How the MPID Act Works फसवणूक ते परतावा — एमपीआयडी कायदा कसा काम करतो|

The office is shut. The phones are switched off. The monthly interest has stopped. Every few months, thousands of families in Maharashtra face this moment, whether the scheme was a jewellery chain, a credit society or a "trading" app. Most of them never learn that a special law was written just for them. In Episode 3 of The Third Pillar | तिसरा स्तंभ, host Adv. Tejas S Dandagaval speaks with Adv. Ashish Patnakar about the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999 — the MPID Act. They cover how the State attaches the promoters' property, how depositors get paid, and what the 2026 amendment changes. योजनेत पैसे अडकले आहेत? तक्रार कुठे करायची, पैसे परत कसे मिळतात, आणि पुढची फसवी योजना कशी ओळखायची? एमपीआयडी कायदा सोप्या भाषेत — अ‍ॅड. आशिष पाटणकर यांच्यासोबत. In this episode: • What counts as a "deposit": why calling it a "loan" or a "gold plan" doesn't help the scheme (Supreme Court, 2026) • MPID vs the central BUDS Act, 2019 • The 2026 amendment • Attachment, the Competent Authority and the Designated Court: how money comes back • The criminal side: up to six years' jail, EOW complaints, bail • Patsansthas and co-operative banks: what deposit insurance does and doesn't cover • Real Maharashtra cases • Red flags before you invest, and what to do on the first day payments stop 🔔 Subscribe to The Third Pillar for the law, in plain words: • YouTube:    / @thethirdpillarindia   • Instagram:   / the_thirdpillar   • Facebook:   / 19negeqde1   Watch earlier episodes: • EP 01, Protest or Crime?    • आंदोलन: हक्क की गुन्हा? कायदा काय सांगतो |...   • EP 02, RERA & Homebuyers' Rights    • तुमचं घर, तुमचे हक्क: RERA नेमकं काय देतं?   Helpful links for depositors: • RBI Sachet (report illegal deposit schemes): https://sachet.rbi.org.in • National Cyber Crime Helpline: 1930 / https://cybercrime.gov.in Disclaimer: This episode is for general legal awareness only and is not legal advice. Case facts are as reported in the media; persons named are accused, and their cases are pending. For your specific situation, please consult a lawyer. हा भाग केवळ कायदेशीर जागरूकतेसाठी आहे; कायदेशीर सल्ला नाही. #TheThirdPillar #तिसरास्तंभ #MPIDAct #DepositorRights #ponzischeme #MPIDAct1999, #MPIDamendment2026, #depositorrights, #PonzischemeIndia, #investmentfraudMaharashtra, #BUDSAct, #EOWcomplaint,