1 Cri.Appln.Nos. 1589/11, 1431/11 & 1432/11 1. FARAD CONTINUATION SHEET NO. IN THE HIGH COURT OF JUDICATURE AT BOMBAY APPELLATE SIDE, BENCH AT AURANGABAD CRIMINAL APPLICATION NO.1589/2011 ( Sau. Indumati Bhaskar Zope Vs. The State of Maharashtra ) with CRIMINAL APPLICATION NO.1431/2011 (Vijay Shamrao Chaudhari Vs. The State of Maharashtra) with CRIMINAL APPLICATION NO.1432/2011 (Prabhakar Ramchandra Bhangale Vs. The State of Maharashtra) ----------------------------------------------------------------------------------------------------------- Office notes, office Memoranda of Coram,appearances, Court’s orders Court’s or Judge’s orders. or directions and Registrar’s orders ----------------------------------------------------------------------------------------------------------- Mr. Mukul Kulkarni and Mr. Girish Wani, Advs. for respective Applicant/s; Mr. KS Patil, APP for State. *** CORAM: K.U.CHANDIWAL ,J. DATE : 3 rd May, 2011. 1) Heard finally. 2) On instructions, Mr.Wani withdraws Criminal Application No.1431/2011 of applicant/accused – Vijay Shamrao Choudhari. Permitted, disposed of as withdrawn. 3) Applicant – Smt. Indumati and applicant – Prabhakar are the Directors of Dhanvardhini Cooperative Credit Society Ltd. Varangaon, Tq. Bhusawal, District Jalgaon. From the investigation papers, it does not appear that they have availed any loan from the said credit cooperative society or facilitated release of loans to their relations or kins or persons of their choice. 4) The vaccume in the notice of audit is poined by learned Counsel as the notices were issued 2 Cri.Appln.Nos. 1589/11, 1431/11 & 1432/11 on 22.1.2011 in terms of section 81(3)(c) of the Maharashtra Cooperative Societies Act, 1960; and before the applicants could deal with the same, they faced the brunt of FIR lodged on 10.2.2011. 5) Considering these aspects and the role of the accused/applicants, not initially surfacing in mis-management or illegalities/irregularities at the credit society, they deserve to be released on bail. 6) In the event of arrest of the accused/applicants – Sau. Indumati Bhaskar Zope and Prabhakar Ramchandra Bhangale, in Crime No.14/2011 registered with Varangaon police station, Tq. Bhusawal, District Jalgaon, each one of them be released on their furnishing PR bond and a surety in the sum of Rs.15,000/- (Rupees fifteen thousand). 7) The accused/applicants shall additionally deposit an amount of Rs.1,50,000/- (Rupees one lakh and fifty thousand) each directly wit the said Credit Cooperative Society upto 31st May, 2011. Failure to deposit the amount, as aforesaid, protection granted today shall stand terminated automatically. 8) Criminal Applications disposed of in aforesaid terms. (K.U.CHANDIWAL) JUDGE bdv/