9crn2607-10 1 IN THE HIGH COURT OF JUDICATURE AT MUMBAI CRIMINAL APPELLATE JURISDICTION CRIMINAL APPLICATION NO.2607 OF 2010 Shri Mahendra Bhagwatrao Desai. ..Applicant. Vs. The State of Maharashtra .. Respondent. .... Mr.Avinash Fatangare, Advocate for the applicant. Mrs.A.S. Pai, A.P.P. for the State. .... CORAM : A.R.JOSHI, J. DATED : 21ST JUNE, 2010 P.C. 1. Heard learned Advocate Mr.Fatangare for the applicant in this matter of anticipatory bail. 2. Apparently, the allegations are against the present applicant and other office bearers of one Patsanstha i.e. Co­ operative Credit Society. Infact the FIR is lodged by the Auditor of the Co­operative Societies on 8th April, 2010 when the accounts of the co­operative credit society for the 9crn2607-10 2 period from April, 2003 to March, 2007 were inspected. Various infirmities / violations of the provisions of the rules and regulations applicable to the said co­operative society were revealed. It was found out that various loans were sanctioned without obtaining security documents. Infact various loans were given and infact the documents or even the loan applications are not in the record of the co­operative credit society and it apparently happened in case of 17 cases and in which an amount of Rs.34 lakhs or so was disbursed. The total defalcated amount comes to Rs.96 lakh and odd. 3. Though other co­accused ­­ some office bearers of the co­operative credit society, have been released on regular bail or anticipatory bail, considering the magnitude of the offence and considering that the present applicant was the Chairman during the relevant period for which the audit was conducted, it would not be in the fitness of the situation to allow the present application for anticipatory bail. 4. In the result, present application is disposed of with 9crn2607-10 3 following order :­ :: O R D E R :: [i] Criminal Application No.2607 of 2010 for anticipatory bail stands rejected. (A.R.JOSHI,J.)