:1: IN THE HIGH COURT OF JUDICATURE AT BOMBAY APPELLATE JURISDICTION CRIMINAL WRIT PETITION NO. 945 OF 2007 Mr. Rajesh Pranlal Ghatalia ..Petitioner Vs The State of Maharashtra ..Respondent Mr. I.A. Bagaria i/by S.S. Khan for petitioner. Mr. P.A. Pol, APP for State. CORAM: B.H. MARLAPALLE, J. CORAM: B.H. MARLAPALLE, J. CORAM: B.H. MARLAPALLE, J. Date : October 18, 2007. Date : October 18, 2007. Date : October 18, 2007. P.C.: P.C.: P.C.: 1. Heard Mr. Bagaria the learned counsel for the petitioner who had applied for the return of car of Honda City made and bearing Registration No. MH-04-BU-4015 which has been seized by the Wada Police Station in C.R. No.II-13/2006. The said application registered as Criminal Misc. Application No. 158 of 2006 has been rejected by the learned Special Judge (M.C.O.C. Act), Thane on 2/12/2006. 2. The learned Judge has recorded that the allegations against the applicant are serious and that :2: he has purportedly siphoned off the money to purchase the said car from an account which is a subject matter of a fraudulent business transaction. The accused is alleged to have formed a crime syndicate and had imported Naphta in the name of fictitious company M/s. Shiva Organics India Ltd. and had illegally obtained financial gains in the name of M/s. Shiva Solvent. The subject car has been purchased by making use of the amount from M/s. Shiva Solvent and M/s. Aarey Drugs and Pharmaceuticals Ltd. 3. The learned counsel for the petitioner states that he is ready and willing to furnish surety bond in the sum of Rs.5,00,000/- if the car is released. In the impugned order it is noted that the car is purchased for an amount of Rs.7,50,000/- in the year 2004. 4. I am, therefore, satisfied that the car deserves to be released on furnishing surety bond in the sum of Rs.5,00,000/- and hence it is directed that the said car be released on furnishing the said surety bond before the trial court. Consequently, the :3: impugned order stands set aside. The petitioner also undertakes to produce the car as and when required in C.R. No.II-13/2006. 5. The petition is disposed off in terms of the above directions. (B.H. Marlapalle,J.) (B.H. Marlapalle,J.) (B.H. Marlapalle,J.)