1 1 1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL APPELLATE JURISDICTION CRIMINAL APPELLATE JURISDICTION CRIMINAL APPLICATION NO.1784 OF 2009 Palash R.Baag .. Applicant. Vs. State of Maharashtra .. Respondent. Mr.S.V.Marwadi i/b Bhanudas L.Jagtap and Vinayak V.Katti for the applicant. Mr.K.V.Saste A.P.P. for the State. CORAM : D.B.BHOSALE, J. CORAM : D.B.BHOSALE, J. CORAM : D.B.BHOSALE, J. DATED : 23RD APRIL, 2009. DATED : 23RD APRIL, 2009. DATED : 23RD APRIL, 2009. P.C.: . Heard learned counsel for the applicant and learned A.P.P. for the State. 2. The applicant is seeking bail in C.R.No.9 of 2009 of Goregaon police station, Mumbai. The said crime has been registered against the applicant and others for having allegedly committed an offence punishable under sections 420, 406 r/w 34 of IPC. 3. The prosecution case in brief is that between 27.12.2008 and 6.1.2009, accused no.1 opened a proprietary firm named Imperial Entertainment Ltd. He allegedly invited the people at large to invest in the said company and promised that if they invest, he would give them double the amount within short time. 2 2 2 It appears that several persons invested in response to the appeal made by the said proprietary concern. Insofar as the present applicant is concerned, he was one of the employees working with the said proprietary concern. He allegedly signed the receipts for and on behalf of the main accused No.1 - Gangadar Shetty. Having considered overall facts and circumstances of the case and considering that the applicant was only an employee working with Imperial Entertainment Ltd., in my opinion, continued detention of the applicant is not necessary. Hence I pass the following order: . The applicant be released on bail in the sum of Rs.25,000/- with two or more local sureties to make up the amount subject to the condition that the applicant shall report to the concerned police station on every Saturday between 10 am and 11 am till conclusion of the trial. The application is disposed of. . 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 uninfluenced by the observations made in this order. (D.B.Bhosale, J.) (D.B.Bhosale, J.) (D.B.Bhosale, J.)