1 abs FARAD CONTINUATION IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL APPLICATION NO. 4471 OF 2009 Ashok Machindra Nagtilak .. Applicant V/s The State of Maharashtra .. Respondent ------------------------------------------------------------------------------------------------------------------ Office Notes, Office Memoranda of Court's or Judge's Orders Coram, appearances, Court's Orders or directions and Registrar's Orders Mr. Anand S. Kulkarni for the applicant. Mrs. A.A. Mane, A.P.P. for the State. CORAM : D.G. KARNIK, J. DATE : 10TH FEBRUARY 2010 P.C. : 1. By this application, the applicant seeks pre-arrest bail in connection with C.R. No. 507 of 2008 registered at Mohol Police Station, District Solapur, for an alleged offence punishable under sections 406, 408, 409, 420 read with 34 of the I.P.C. 2 2. The applicant was a director/member of the Managing Committee of Priyadarshini Nagrik Sahakari Patsanstha Ltd. (for short “the Society”) during the period 1991. On the basis of an audit report dated 23rd July 1998 that certain irregularities have been committed in connection with the advancement of loans by the Society, an offence has been registered. 3. Admittedly, the applicant ceased to be a director 12 years prior to the date of the audit. Yearly audit must have been held even in the past and there is nothing on record to show that in any of the past audit conducted during 12 years from 1995 to 2007 the applicant was in any way indicted for any irregularities in sanctioning of loans. In the circumstances, in my view, the applicant can be granted pre-arrest bail. Hence, I pass the following order: ORDER In the event the applicant is arrested in 3 connection with C.R. No. 507 of 2008 registered at Mohol Police Station, Solapur, he shall be released on bail on executing a personal bond of Rs.10,000/- with two sureties of the like amount. (D.G. KARNIK, J.)