IN THE HIGH COURT OF JUDICATURE OF BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL APPLICATION NO.4155/2009 Dhananjay Prabhakar Mhatre. ..Applicant -VERSUS- The State of Maharashtra. ..Respondent ……. Mr.Kuldeep S. Patil, Advocate for the Applicant. Ms.S.D.Shinde, APP for the Respondent/State. ……… CORAM : A.P.DESHPANDE, J. Dated 22nd September, 2009. P.C.:- 1 The Applicant is seeking his release on bail in Crime No.I-430/2007 registered with Nerul Police Station, Navi Mumbai for the offences punishable under Sections 420, 467, 468, 471 r/w 34 of the Indian Penal Code, upon a complaint filed by the Branch Manager of the State Bank of India. The Applicant is in custody since 28.06.2009. 2 According to the First Information Report, the present Applicant along with other 16 persons had applied for sanction of loan and had misrepresented that they are in employment of some company which is named in the application. Believing the representation of the Applicant and other co-accused to be true and correct the State Bank of India had sanctioned the loan. However, later on it was discovered that the present Applicant was not 1 gainfully employed in the company. The Applicant had borrowed the loan of Rs.3 Lac from the State Bank of India and the amount has not been repaid. 3 The learned counsel for the Applicant submits that in similar set of facts this Court had granted bail to one Mahesh Kunnumal in Criminal Application No. 3805/2009 as the said Applicant had undertaken to repay the entire amount of loan together with interest to the Bank within stipulated time frame. It is submitted that the Applicant is ready and willing to deposit the loan amount together with interest, without prejudice to the rights and contentions of the Applicant. 4 The learned APP admits that the present Applicant is similarly situated with the Applicant in Criminal Application No.3805/2009. 5 In that view of the matter, the learned counsel for the Applicant makes a statement that the entire amount of loan together with interest shall be deposited in the State Bank of India within two weeks from today and the receipts of deposit of amount shall be filed in the Trial Court within three weeks from today. 6 The statement made by the learned counsel for the Applicant is accepted. 7 In the result, I pass the following order:- (a) The Applicant shall be released on bail on executing a personal bond in a sum of Rs.20,000/- with one or two sureties in the like amount. (b) The Applicant shall attend the concerned Police Station once a week i.e. on every Saturday in 2 between 5:00 pm to 7:00 pm for a period of two months and co-operate in the investigation. (c) Deposit of bail amount in cash is permitted for a period of two weeks, during which period the Applicant shall arrange for the sureties. (d) The Application is allowed and disposed of accordingly. (A.P.Deshpande, J) 3