* 1 * BA-1245-2011 12 Dec, 2011 IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL BAIL APPLICATION NO. 1245 OF 2011 1. Sunil Josef Saldhana 2. Balraj s/o. Chindlal Malik ... Applicants : V/S. : The State of Maharashtra through P.S.O. Naupada P.Stn ... Respondent * * * * Mr. Nitin Saabde, Advocate for the applicants. Mrs. A.A. Mane, APP for the respondent-State. * * * * CORAM :- SMT. R.P. SONDURBALDOTA, J. 12 DECEMBER, 2011. P.C. :- 1. The applicants herein are the accused in C.R. No. I-115/2011 registered with Naupada Police Station for the offences punishable under Sections 420 and 406 Indian Penal Code. The applicants were arrested on 22nd March, 2011. The police filed chargesheet on 25th May, 2011. Mrs. Mane, the learned APP states that the police are proposing to file additional chargesheet in view of more number of persons cheated by the applicants having come forward. * 2 * BA-1245-2011 12 Dec, 2011 2. The applicants are the Directors of a Company by name V-Care incorporated on 12th January, 2009. It had floated a scheme under which person investing into the product of Rs.6,500/- was to receive more than double the amount at the end of the year. There were different schemes for different amount of investments. Since the investigation is over and the chargesheet is filed, custody of the applicants is not required any further for the purpose of investigation. Mrs. Mane, however, expresses concern about availability of applicant no.2 for trial, submitting that he is not a permanent resident of Mumbai. Admittedly, he is a permanent resident of Punjab. In that case, suitable conditions can be imposed upon the applicants for ensuring their availability during trial. As regards the passports of the applicants, Mr. Saabde, the learned counsel for the applicants, states that the passport of applicant no.1 is kept in the office premises which has been sealed by the police and applicant no.2 does not hold any passport. 3. The Bail Application is allowed. The applicants be released on bail in C.R. No. I-115/2011 registered with Naupada Police Station in the sum of Rs. 50,000/- (Rs. Fifty Thousand only) each with one local surety in the like amount. The applicants shall attend Naupada Police Station once a week i.e. on every Saturday between 10.00 a.m. to 12.00 noon until commencement of the trial. The applicants shall also remain present on each date of the trial * 3 * BA-1245-2011 12 Dec, 2011 after its commencement. Failure on the part of the applicants to attend the trial Court on any two consecutive dates shall be a ground for cancellation of bail. Hamdast is permitted. [SMT. R.P. SONDURBALDOTA, J]