1 Cri.A.4752.11 IN THE HIGH COURT OF JUDICATURE AT BOMBAY BENCH AT AURANGABAD CRIMINAL APPLICATION NO. 4752 OF 2011 Udaysingh S/o Devisingh Chauhan, R/o Devi Bhoyare, Tq. Parner, District Ahmednagar. ...APPLICANT. VERSUS 1) The State of Maharashtra, and another. ...RESPONDENTS. ... Shri.P.B.Patil, Advocate for Applicant. Shri.B.J.Sonwane, A.P.P. for Respondent. ... CORAM: R,Y.GANOO, J. DATE : 8TH NOVEMBER, 2011. PER COURT : 1. Heard learned counsel for both the sides. 2. The applicant is apprehending his arrest, in connection with crime No. I-103 of 2010, registered at Parner Police Station, Ta. Parner, District Ahmednagar, for the offence punishable under Sections 420, 406 read with section 34 of the Indian Penal Code. 3. The applicant is Managing Director of “Parner Taluka Sahakari 2 Cri.A.4752.11 Sakhar Karkhanaß. According to the prosecution, as many as 19 Directors including present applicants are said to have been borrowed money from the employees Co-operative Credit Society to the tune of Rs. Three lakhs for the purpose of running factory. That amount has not been repaid to the said Employees Credit Society or the employees, however, the FIR has been filed. 4. According to the applicant, he was Managing Director and necessary resolution was passed by the Board of Directors to borrow the money and he has not played single role. In my view, very fact, the applicant is admittedly Manging Director clearly goes to show that he has played key role in the entire affair as regards borrowing of money from the employees and Employees Credit Society. The quantum of money borrowed though may be very small with regard to the affairs of sugar factory. There is no details of the manner in which monies were used money. In view of the above, I am of the view that the application is liable to be rejected. Hence the following order. . Application stands rejected. sd/ [ R.Y.GANOO, J. ] MTK 3 Cri.A.4752.11