jpc ba1046-11.sxw 1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL BAIL APPLICATION NO. 1046 OF 2011 Mr. Rohit Masu Lokare ... Applicant Versus The State of Maharashtra ... Respondent Mr. R. V. Bansode, for the applicant Mr. J. P. Kharge,APP for the State CORAM:- A.M. THIPSAY, J. DATED :- 12th August, 2011. P.C. : 1. Heard Mr. Bansode, the learned advocate for the applicant and Mr. Kharge, the learned APP for the State. 2. The applicant who was working as a recovery officer for one finance company, along with others, allegedly misappropriated an amount of Rs.30,00,000/- belonging to the said financial company. The allegation is that the said company had advanced some loans to various borrowers. That, the borrowers used to repay the instalments of the said loans to the applicant and other accused persons. It is alleged that the applicant collected such repayments made by the borrowers, but, did not credit the same to the Company account. 3. Mr. Bansode has contended that there is no statement, even of jpc ba1046-11.sxw 2 a single borrower, to show that he had paid any money to the present applicant. The learned APP wanted confirmation of this aspect of the matter and, therefore, on the last date of hearing, the matter was adjourned. Today also, it was kept back for obtaining instructions from the Investigating Officer, on this point. Mr. Kharge, the learned APP, now submits that no statement of any persons who allegedly paid any amount to the applicant has been recorded in the course of investigation. 4. Since there is nothing to show that any amount was entrusted to the applicant, it would be proper to release the applicant on bail. 5. The application is allowed. 6. The applicant is ordered to be released on bail in the sum of Rs. 50,000/- (Rupees fifty thousand) with one surety in like amount or two sureties in the sum of Rs.25,000/- each. (A.M. THIPSAY, J.)