IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL APPLICATION NO. 3805 OF 2009 Mahesh Velundhan Kunnumal ..... ..... ...Applicant V/s The State of Maharashtra ..... ..... ...Respondent. Mr.K.S.Patil, Adv. for the applicant. Mr.J.P.Yagnik, APP for the Respondent. CORAM: A.P.DESHPANDE, J. 21st August, 2009. PC: The applicant is seeking his release on bail in CR No.430/07 for the offence punishable under sections 420, 467, 468, 471 read with section 34 of IPC upon a complaint filed by one Sandeep Naggarkatti Branch Manager of the State Bank of India. According to FIR the present applicant along with other 16 persons had applied for sanction of loan and had mis represented that they are in the employment of some company which is named in the application. Believing the representation of the applicant to be true bank had sanctioned the loan. However later on it was discovered that the present applicant was not gainfully employed in company by name Khadi & Village Industries Commission. It is undisputed that the applicant had borrowed the amount from the State Bank and amount has not been repaid. Learned counsel for the applicant makes a categoric statement that the applicant will deposit/repay the entire amount of loan in the sum of Rs.3 lacs together with interest with the Bank within a period of one week from today. Learned counsel for the applicant further submits that receipt indicating repayment of the loan amount and interest to the State Bank will be filed in the trial Court within a period of two weeks from today. Statement made by the learned 1 counsel is accepted. Having regard to the fact that the applicant is ready and willing to deposit the entire amount due to the bank within a period of one week from today I deem it appropriate to release the applicant on bail. In the result the applicant shall be released on bail on executing personal bond in the sum of Rs.20,000/- with one or two more sureties in the like amount. Applicant shall attend the concerned police station once a week till filing of the charge sheet and cooperate with the investigation. Deposit of bail amount in cash is permitted for a period of two weeks during which period the applicant shall arrange for sureties. Application stands disposed of. 21.8.2009. 2