IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL APPLICATION NO. 2958 OF 2009 Prashant Ashok Sonje ..... ..... ...Applicant V/s The State of Maharashtra ..... ..... ...Respondent. Mr.Sachindra B. Shetye, Adv. for the applicant. Mr.H.J.Dedhia, APP for the Respondent. CORAM: A.P.DESHPANDE, J. 26th August, 2009. PC: Apprehending arrest in CR No.152/06 which came to be registered pursuant to an order passed under section 156(3) of Criminal Procedure Code directing investigation for the offence punishable under sections 403, 406, 408,420, 418, 468, 471 and 120B read with section 34 of IPC registered with Panchvati police station, Nashik the present application has been filed. Consequent upon conducting of audit of Shriram Cooperative Bank Ltd., Nashik it was reported that some of the directors, staff members and borrowers are responsible for the disbursement of loans to undeserving borrowers thereby putting the bank to huge losses. The present applicant is the borrower. He has availed of loan in the sum of Rs.15 lacs. The applicant could not repay the amount as agreed because of financial constraints. However by now the applicant claims to have repaid the entire amount together with interest to the bank. Learned APP places on record a communication addressed by the Chief Executive Officer of the Bank to the Superintendent of Police dated 25.8.09. Perusal of the said communication reveals that after the offence was registered the applicant has repaid the amount and loan account has been closed. The details of payment are set out 1 in the said communication. Copy of the said communication is taken on record and marked `X’ for identification. In view of repayment of the entire loan amount there is absolutely no need for custodial for interrogation of the present applicant. In that view of the matter application deserves to be allowed. Hence I proceed to allow the same and pass the following order: In the event of arrest of the applicant-Prashant Ashok Sonje in CR No. 152/06 for the offences punishable under sections 403, 406, 408,420, 418, 468, 471 and 120B read with section 34 of IPC he shall be released on bail on executing personal bond in the sum of Rs.10,000/- with one or two sureties in the like amount. Applicant shall bide by the conditions stipulated in Section 438(2) of the Criminal Procedure Code. Application stands disposed of. 26.08.09 2