1 911-695-11.sxw IN THE HIGH COURT OF JUDICATURE AT BOMBAY srj CRIMINAL APPELLATE JURISDICTION BAIL APPLICATION NO.695 OF 2011 Mr. Rajkumar Ghelaram Narang .. Applicant. V/s. The State of Maharashtra .. Respondent. Mr. S.P. Kadam, for the Applicant. Ms. Alpa T. Jhaveri, APP for the State. CORAM : R.C.CHAVAN, J. DATE : 4th MAY, 2011. P.C.: 1 This is an application for bail by a person who is allegedto have participated in misappropriation and cheating. Haresh Patel has been admitted to bail by order dated 15th February, 2011. Haresh Patel has deposited a sum of Rs.9,76,119/­ pursuant to the said order. The Applicant is in jail since 28th January, 2011. The learned counsel for the Applicant states that in order to show his bonafide the Applicant is ready to deposit an amount of Rs.2,00,000/­, without prejudice to his rights, with the Trial Court. The learned APP states that they have received a fax message from the Investigating Officer Shri Thorat indicating that a sum of Rs.4,76,199/­ is yet to be 2 911-695-11.sxw recovered. Considering the fact other persons are also involved in the crime, no useful purpose would be served by retaining the Applicant in custody for the purpose of further investigation, if the Applicant is ready to deposit the amount of Rs.2,00,000/­ with the Trial Court within a period of three weeks of his release. The Application is, therefore, allowed. The Applicant be released on bail in C.R.No.140 of 2010 of Laxmipuri Police Station, Kolhapur on his furnishing PR Bond in the sum of Rs.25,000/­ with one or more solvent sureties in the aggregate sum of Rs.25,000/­ on the condition that the Applicant shall deposit in the trial Court an amount of Rs.2,00,000/­ within three weeks of his release, which amount the learned Magistrate may invest in maximum interest earning fixed deposit in any nationalized bank and shall deal with the same at the end of the trial, as per the result of the case. The applicant shall attend the Police Station concerned on the first Sunday of every month in between 10.am. and 1.00 p.m. for the next six months. If the applicant fails to deposit the amount within the stipulated, this order shall stand revoked without reference to the Court. The application accordingly stands disposed of. (R.C.CHAVAN, J.)