[-1-] IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL APPLN.NO.2100 OF 2008 Kiran Gauru Mahadik ..Applicant Vs. The State of Maharashtra ..Respondent ... Mr.Nitin Pradhan Advocate along with Mr.Amrendra Mishra Advocate for Applicant Mr.S.S.Pednekar APP for the State ... CORAM: SMT.V.K.TAHILRAMANI,J. CORAM: SMT.V.K.TAHILRAMANI,J. CORAM: SMT.V.K.TAHILRAMANI,J. DATE : JULY 10, 2008 DATE : JULY 10, 2008 DATE : JULY 10, 2008 P.C. P.C. P.C. 1. Heard the learned advocate for the applicant and the learned A.P.P. for the State. 2. The applicant is seeking bail in CR No.I-353 of 2007 of Thane Nagar Police Station, Thane. The said case is mainly under Sections 406, 420 and 468 of IPC. 3. It is the case of prosecution that Uttam Savant floated one scheme. Some persons invested in the said scheme. Thereafter there was some lapse in the scheme and hence investors started visiting the [-2-] company. It is the prosecution case that at that time, applicant was found sitting in the office of the company and he has assured some of the witnesses that their amount would be returned. However, no amount was returned. It is an admitted fact that the applicant is not an employee of the said company. There is no other material against the applicant. The applicant has been in custody since 31.1.2008. Looking to these facts, I am inclined to grant bail to the applicant. 4. The applicant-Kiran Gauru Mahadik to be released on bail in the sum of Rs.50,000/- (Rs.fifty thousand only) with one or two sureties to make up the said amount. The applicant to report to Thane Nagar Police Station Thane once in a fortnight till the conclusion of the trial. 5. Application is disposed of. [SMT.V.K.TAHILRAMANI, J.] [SMT.V.K.TAHILRAMANI, J.] [SMT.V.K.TAHILRAMANI, J.]