1 Miscellaneous Criminal Case No.8801/2011 20.12.2011 Shri Vishal Sharma, Advocate for the applicant. Smt B.L. Yadav, Dy Govt. Advocate for the NA/State. Shri Anand Bhatt, Advocate for the objector. Heard. Case diary perused. This is first application for grant of bail by applicant Girish, who is in custody since 30.8.2011, in connection with Crime No. 531/2011, registered at Police Station Palasiya, Indore for an offence punishable under Sections 409, 420, 468 & 477-A of IPC. It is submitted by the learned counsel for the applicant that the applicant was working as Assistant Programmer with effect from April, 1995 in the organization of M/s Sanghi Brothers (Indore) Limited and he worked till 15.3.2010. He also drew my attention to the certificate issued by the said organization on 5th June, 2008 and 5th April, 98. He submitted that when the applicant was absent from 15.3.2010 a notice was issued on 12.5.2010 by the employer as to why disciplinary action should not be taken against him. Thereafter, another letter was issued on 11.6.2010. Learned counsel for the applicant submitted that later on a complaint was lodged somewhere in December, 2010 that the applicant has defalcated more than Rs.17.000 lacs when he was working as Assistant Programmer in the said organization and submitted that total amount which has been defaulted by the applicant is approximately Rs.17,48,050/-. On the basis of said complaint offence has been registered against the applicant. It is submitted that he has been falsely implicated in the alleged offence, whereas after investigation charge sheet has been filed on 20th October, 2011 and looking to the nature of allegation made against him the same will be decided by the trial Court, the application for grant of bail be allowed and he be released on bail. On the other hand, learned Panel Lawyer as well as learned counsel for the objector vehemently opposed the bail application and submitted that recently in the year 2010 the applicant left the 2 job and then the matter was audited by the special audit team and during investigation it was found that the applicant has defalcated the amount. They also submitted that looking to the seriousness of the offence no case is made out for grant of bail and prayed for its rejection. On due consideration of the totality of the facts & circumstances and looking to the fact that the charge sheet has been filed and the trial will take considerable time, without expressing any opinion on the merits of the case the application is allowed and it is directed that he be released on bail subject to his furnishing a personal bond in the sum of Rs.1,00,000/- with two solvent sureties of Rs. 5,00,000/- each in the like amount to the satisfaction of the concerned JMFC/CJM for his appearance before him or trial Court as the case may be on all dates of hearing fixed by the Court concerned in this behalf during trial. Certified copy as per rules. (P.K. Jaiswal, J.) rcs*