1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY APPELLATE SIDE Criminal Application No.1708 of 2007 Padmakar Balasaheb Salunke & ors. Applicants Vs. The State of Maharashtra & anr. Respondents Mr.V.V.Purwant for applicants. Ms.S.R.Kumbhat for resp.no.2. Mr.H.J.Dedhiya, APP for State. CORAM: D.B.BHOSALE, J. October 22, 2008 P.C. . Heard Mr.Purwant, the learned counsel for the applicants and Mr.Dedhiya, learned APP. Ms.Kumbhat appears for the respondent no.2 - Bank. . The applicants ar seeking anticipatory bail in C.R.No.94 of 2007 of Fauzdar Chawdi Police Station, Solapur. The said crime has been registered against the applicants for having allegedly committed an offence punishable under Sections 420, 467, 468 read with Section 34 of IPC. The applicant no.1, at the relevant time, was a Director of Lok Mangal Bank and the remaining applicants were his employees in his transport business. It is alleged that since the applicant, being the director, was not entitled to take loan, had applied and obtained loans in the names of his employees (applicant No. 2 to 5) by disclosing wrong information about the charge over the vehicles 2 for which he took the loans. He also allegedly committed other illegalities / irregularities for obtaining the said loans. The total amount of loan was about Rs.22 lakhs. This Court on 5th June 2007 had granted interim protection to all the five applicants. Thereafter on 26th July 2007 the applicants filed affidavit-cum-undertaking in this Court stating that they shall deposit an amount of Rs.4,00,000/- (Rupees four lakhs only) in this Court within a period of four weeks from the date of undertaking i.e. 26th July 2007. Thereafter another affidavit was filed on 3rd October 2007 giving further undertaking that they would deposit an amount of Rs.one lac per month for six months and thereafter remaining amount of Rs.99,253/- within a month thereafter. Accordingly they deposited the entire principal amount. The said amount was deposited by seeking extensions of time from time to time. Thereafter it was pointed out that an amount of interest had also been not deposited and in view thereof a statement was made by the learned counsel for the applicants that the applicants would deposit the entire amount of interest within two weeks from the date of the order dated 1/10/2008. That amount has also been deposited by the applicants. Thus, the 3 entire amount is deposited in this Court. The respondent no.2 - Bank was also allowed to withdraw part of the amount and accordingly they have withdrawn the same. It is against this backdrop, I do not find any reason to reject this application. It is needless to state that deposit of the outstanding amounts of loans with interest obtained fraudulently does not mean that the investigation cannot proceed further and that the applicants are not liable to be prosecuted for the alleged offence. It is always open to the investigating agency to proceed against the applicants, and if sufficient material is collected by them during investigation, proceed to file charge sheet. In these circumstances, I pass the following order: . In the event of their arrest in C.R.No.94 of 2007 of Foujdar chawdi Police Station, Salapur, the applicants shall be enlarged on bail in the sum of Rs.35,000/- each with one or two sureties to make up the amount, subject to the condition that they shall report to the concerned police station every Saturday between 10 a.m. and 12 noon till filing of the charge-sheet and thereafter as and when called. . The respondent no.2 - Bank is allowed to 4 withdraw the entire amount deposited by the applicants unconditionally. . While passing this order I shall not be understood to have expressed any opinion on merits of the case and the trial Court shall deal with the case without being influenced by the observations made in the order. . The application is accordingly disposed of.