1 CA-3070.10 IN THE HIGH COURT OF JUDICATURE AT BOMBAY APPELLATE SIDE  CRIMINAL CRIMINAL APPLICATION NO.3070 OF 2010 Umesh Arun Tanvade .... Applicant Vs. State of Maharashtra .... Respondent Ms Anjali Patil for the Applicant. Ms P.H. Kantharia, APP, for the State. CORAM: R.C. CHAVAN, J. DATED: OCTOBER 20, 2010 P.C: This is an application for bail by an employee of RailTel Corporation of India Limited who is alleged to have been forging cheques in order to enable Orbit Teletronics and Orbit Netcom Pvt. Limited to benefit by his forgeries. The owners of Orbit Teletronics and Orbit Netcom Pvt. Limited have been admitted to bail by the learned Addl. Sessions Judge. There is a statement of one Ravindranath Sambhunath Dutta which shows that RailTel Corporation of India Limited was to pay to Orbit a sum of Rs. 75,00,000/-. Thus, if there is some over- payment to Orbit Teletronics, that might have been adjusted by RailTel Corporation of India Limited by now. As far as the applicant is concerned, the learned APP states, on 2 CA-3070.10 instructions from the I.O. present in the Court, that a sum of Rs.5,00,000/- is yet to be recovered which the applicant has possibly received as commission for these forgeries. The learned counsel for the applicant offers to deposit a sum of Rs.5,00,000/- within two weeks of the applicant's release. In view of this, the application is allowed. The applicant be released on bail in C.R. No.I-50/2010 of N.M. Joshi Marg Police Station, Mumbai on his furnishing P.R. Bond in the sum of Rs.50,000/- with one or more solvent sureties in the sum aggregating to Rs.50,000/-. The applicant shall deposit with the learned trial Magistrate a sum of Rs.5,00,000/- within two weeks of his release, failing which the bail granted to the applicant would be liable to be cancelled. The applicant shall attend the poice station concerned once a month in between 10:00 a.m. and 1:00 p.m. till the trial is over. On the amount being so deposited, the learned Magistrate shall invest the same in fixed deposit in any nationalised Bank and shall deal with the same at the end of the trial, as per the result of the case. The application accordingly stands disposed of. (R.C. CHAVAN, J.)