1 Criminal Application No.1436/2011 IN THE HIGH COURT OF JUDICATURE OF BOMBAY BENCH AT AURANGABAD CRIMINAL APPLICATION NO.1436 OF 2011 Sau. Uma w/o Ashok Chauhan ... APPLICANT VERSUS The State of Maharashtra & anr. ... RESPONDENTS ..... Shri S.S. Patil, Advocate for applicant Shri N.B. Patil, A.P.P. for respondent No.1. Shri P.P. Chavan, Advocate for respondent No.2. ..... CORAM : K.U. CHANDIWAL, J. DATE : 25th April, 2011 PER COURT : 1. Heard finally. Mr. Chavan has filed power on behalf of respondent No.2. Learned A.P.P. submits, identical application of the accused/ applicant is rejected. The liability surmounts to a hopping figure of around Rs.1.5 Crores which is calculated and siphoned of. 2. During the course of submission, I have enquired to Mr. Patil, whether the accused/ applicant has any import of bonafide to further deposit at least Rs.15,00,000/- in a time 2 Criminal Application No.1436/2011 schedule. Upon instructions, Mr. Patil informs, it is practically difficult to adhere. 3. The accused/ applicant, without any financial work, including business expertise experience and infrastructure, facilitated disbursal of financial facilities worth Rs.50,00,000/-. There was no proper documentation. It was revealed to be a bogus loan transaction effected by resolution dated 7.11.2001. Loan was availed on 1.2.2002. There was no balance sheet, income tax record, sales tax proof, stock in trade furnished to the Bank. The applicant has allegedly shown her monthly income to be Rs.5500/- and expenses of Rs.1200/-. There was no reason nor occasion for the Board of Directors to release a loan of Rs.50,00,000/-, which amount as on 30.11.2008 has reached to a figure of around Rs.1,31,00,000/-. Considering these aspects, and rejection of earlier bail application, no merit, application dismissed, finally disposed of. Needless to add, the deposit dated 21.4.2011 of Rs.15,00,000/- will be appropriated in the loan account. K.U. CHANDIWAL JUDGE fmp/cri1436.11