IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL APPELLATE JURISDICTION CRIMINAL APPELLATE JURISDICTION CRIMINAL APPLICATION NO. 3942 OF 2008 CRIMINAL APPLICATION NO. 3942 OF 2008 CRIMINAL APPLICATION NO. 3942 OF 2008 Ramakant Pilani ...Applicant vs. The State of Maharashtra ...Respondent Mr.O.A. Siddiqui for the Applicant. Mrs.M.H. Mhatre, APP for the State. Mr.C.K. Talekar for the Original Complainant. CORAM : V.M. KANADE, J. CORAM : V.M. KANADE, J. CORAM : V.M. KANADE, J. DATED : JANUARY 20, 2009 DATED : JANUARY 20, 2009 DATED : JANUARY 20, 2009 P.C. :- P.C. :- P.C. :- 1. Heard Counsel for the applicant and APP for the State. 2. It is alleged that the applicant alongwith other accused withdrawn huge amounts from the credit society by falsely deposing that this amount was being taken as loan on behalf of 51 workers. The cheques which were given by the society later on were discounted by falsely alleging that the workers are not in a position to personally go to deposit the said cheques. It is, therefore, alleged that there has been misappropriation to the tune of Rs.72,75,000/-. The applicant is Managing Director of the Bank and there is material to - 2 - indicate his involvement in the said offence. 3. Counsel for the applicant submitted that the applicant has already given Rs.10 lakhs by demand draft issued in favour of the complainant, which was given to the Counsel for the Complainant in the court. Merely, depositing part of the amount will not absolve the applicant from the liability. The custodial interrogation of the applicant, in my view, is necessary. 4. The application for anticipatory bail is rejected. (V.M. KANADE, J.) (V.M. KANADE, J.) (V.M. KANADE, J.)