Mahendra Kashinath Yadav had asked for Rs 1.5 lakh as bribe to issue health licence for a party hall from its arranger, officials from ACB said.
The man agreed to pay the amount in instalments and simultaneously lodged a complaint with ACB. The anti-graft agency laid a trap and caught the 54-year-old while accepting the first installment of Rs 50,000 at R-South ward office in suburban Kandivali, they said.
The Inspector was later placed under arrest.