1 FARAD CONTINUATION SHEET NO. IN THE HIGH COURT OF JUDICATURE AT BOMBAY APPELLATE SIDE, BENCH AT AURANGABAD CRIMINAL APPLICATION NO.2132/2009. ----------------------------------------------------------------------------------------------------------- Office notes, office Memoranda of Coram,appearances, Court’s orders Court’s or Judge’s orders. or directions and Registrar’s orders ----------------------------------------------------------------------------------------------------------- Mr.Shaikh Ashpak Taher Patel, Adv. for applicant; Mr.KM Suryawanshi, APP for State. ___ CORAM : K.U.CHANDIWAL, J. DATE : 17 th August,2009. 1. Heard learned Counsel for the applicant/accused and learned APP for State. 2. The applicant is a Director of Hina Shahin Cooperative Urban Bank Ltd., (hereinafter to be referred as the Bank). It is alleged, he was a party to the Resolution No.6 dated 16.3.2007, granting financial assistance to nine employees of the bank. The Counsel informs that it has been subsequently added by the interested employees without knowledge of the applicant/accused and the Directors. 3. Though, learned APP informs, the applicant/accused being Director in the Bank, custodial interrogation is imperative, however, I find that there is remotely any concern of the present 2 applicant/accused in disbursement of the loans to dubious persons or ineligible persons. Custodial interrogation of the applicant/accused is not warranted, as he can make his presence available to the Investigator whenever so desired. Hence, order - 4. In the event of arrest, the applicant- accused – Siddique Akbar Sagiroddin, be released in Crime No.42/2009 registered with Beed City Police Station, on his furnishing PR bond and surety in the sum of Rs.25,000/- (Rupees twenty five thousand). 5. The applicant/accused shall attend the concerned Police Station and also the Investigator on every Sunday and Monday between 11.00 a.m. to 5.00 p.m. for six months. 6. The applicant/accused will not leave jurisdiction of Beed for six months. 7. The applicant/accused will ensure recovery of loans and also coordinate with the Auditor to rectify the record or cure the irregularities. 8. Application allowed in above terms. ( K.U.CHANDIWAL ) JUDGE bdv/cran2132.09