1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL APPLICATION NO.4138 OF 2009 Rajendra Durgashankar Pandya ...Applicant Vs. The State of Maharashtra ...Respondent ----- Mr.Aniket Vagad for Applicant Mr.H.J. Dedhia  APP for State. ----- CORAM: V.M. KANADE J. DATED: 19TH NOVEMBER, 2009 P.C. 1. Heard the learned Counsel appearing on behalf of the Applicant and the learned APP for the State. 2. The Applicant was arrested on 7th January, 2008 for the offence punishable under sections 465, 467, 468, 471, 474, 420 and 120-B of the Indian Penal Code. 3. Charge sheet has been filed. The allegation against the Applicant is that he had taken a loan from the bank and mortgaged his property. It is alleged that he is repaying the loan regularly till 2008. However, he could not make the said payment, the bank made enquiries about the property, which was mortgaged by the bank. It was found that certain documents such as share certificate of the society was bogus document. Since charge sheet is filed and Applicant 1 is in jail since January, 2008, continued detention of the Applicant, in my view, is not necessary since the trial is not likely to begun immediately in the near future. The Applicant is a permanent resident of Thane. He is not likely to abscond. 4. The Applicant be released on bail in a sum of Rs. 5,000/-. He shall report to the concerned police station once in a month. 5. Application is disposed of. (V.M. KANADE J.)