IN THE HIGH COURT OF JUDICATURE AT PATNA Cr.Misc. No.17821 of 2010 MD.ASHRAF @ ATA ASHRAF SON OF LATE M.H. ANSARI RESIDENT OF A/2 NEW MILLAT COLONY KHAGAUL ROAD, P.S. PHULWARISHARIF DISTRICT – PATNA Versus 1. THE STATE OF BIHAR 2. DR. MD. MOTAL AHMAD RESIDENT OF 202 SARA APPARTMENT IN FRONT OF MAHABIR CANCER SANSTHAN, PHULWARISHARIF PATNA ----------- 08. 04.04.2011 Heard learned counsel for the petitioner, State as also the informant. The offence alleged is under Sections 406, 420, 120B/34 of the Indian Penal Code. It is submitted that petitioner is only Managing Director of the alleged firm, namely, Sayyida Securities Limited. There is no other allegation against this petitioner. It is further submitted that the said company was run by the Co- accused Md. Kamran and his wife Aaraish Bano. It is further submitted that there is specific allegation against Md. Kamran, and his wife Aaraish Bano and Md. Iqbal who have been allowed bail as per order dated dated 17.05.2010 passed in Cr. Misc. No. 17150 of 2010 and by order dated 19.04.2010 passed in Cr. Misc. No. 11905 of 2010. Learned counsel for the State on perusal of the case diary submits that the material has come to the extent that this petitioner and the co-accused Md. Ikbal were the office bearer of the aforesaid company. Learned counsel for the informant submits that the 2 accused persons along with this petitioner were involved in misappropriating the money of the informant. Considering the facts and circumstances of the case, it is directed that in the event of arrest or surrender within a period of four weeks from today, the petitioner, above named, be released on bail on furnishing bail bond of Rs. 10,000/- (ten thousand) each with two sureties of the like amount each to the satisfaction of the Chief Judicial Magistrate, Patna in connection with Phulwarisharif P.S. Case No. 07 of 2010 subject to the conditions as laid down under section 438(2) Cr. P.C. Jagdish/- ( Shailesh Kumar Sinha,J.)