IN THE HIGH COURT OF BOMBAY AT GOA CIVIL APPLICATION (REVIEW) NO. 4 OF 2010 IN WRIT PETITION NO. 516 OF 2006 THE GOA STATE CO-OPERATIVE BANK LTD., THROUGH ITS MANAGING DIRECTOR, AND ANR., ... Applicants Versus PRADEEP J. KHAUNTE, AND OTHERS ... Respondent Mr.S. R. Rivonkar, Advocate for the applicants. Mr. S. M. Valvoikar, Advocate for the respondent No.1. Mr. G. Shirodkar, Government Advocate for the respondent Nos. 3 to 6. Coram:- U. D. SALVI, J. Date:- 24th February, 2010 P.C. Heard. Perused review application and the annexures therewith. 2. Order dated 15.2.2010 directing the refund of Rs.1,40,11,555.99Ps. to the respondent No.1 - Pradip Khaunte herein/ the petitioner in W.P.No.516/2006 is sought to be reviewed on the ground that dues of Samir Raikar for which security in form of mortgage of property of R.C.P. Navelkar was obtained are yet to be recovered and Mr. Navelkar's property was sold in execution of the Award passed against the petitioner Pradip Khaunte and it has been discovered that fraud was played on bank by furnishing the property of Mr. R.C.P. Navelkar as a security for the loan amount sanctioned to the petitioner Pradip Khaunte as well as Mr. Samir Raikar. 3. Assuming that fraud was played, it is not shown how the petitioner - Pradip Khaunte would remain liable for satisfying the liability of Mr. Samir Raikar. The bank is free to take steps both civil and criminal for the fraud played upon it against the concerned persons. The bank may also institute suitable proceedings in law for the recovery of dues from Mr.Samir Raikar if it is so available in law. 4. No merit is, therefore, seen in the present review application. The Review Application No.4/2010 is rejected with no order as to costs. Authenticated copy of this order be furnished to the parties. U. D. SALVI, J. SMA