1 SNS IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL APPLICATION NO.1946 OF 2011 Dinesh Maruti Kadakane ..Applicant. v/s. The State of Maharashtra (Through CBI, EOW, Mumbai) ..Respondent. Mr. H.E.Palwe i/by Rakesh K. Singh, advs. for the Applicant. Mr. Mandar Goswami, adv. For the Respondent/CBI. Smt. R.V.Newton, APP for the respondent/State. Mr. Venu Gopal, P.I.-CBI present in Court. CORAM : J.H.BHATIA, J. DATE : 23rd December, 2011 PC : 1 Heard the learned counsel for the parties. 2 The Applicant had obtained a loan of Rs.40 lakh from the Central Bank of India sometimes in 2002 for the purpose of his textile business. According to the applicant, he was making payment of instalments but because of flood of 2005 in Mumbai, his all the garments and machinery were destroyed and, therefore, he was unable to make the payment. On the report lodged by the Central Bank of India, the CBI, Economic Offences Wing registered the offence. On 8.4.2011, the applicant was granted bail on his undertaking that he would deposit Rs.25 lakh within 2 eight days and further amount of Rs.25 lakh within one month thereafter and also to settle the dispute with the bank within six months. 3 According to the applicant, he deposited Rs.30 lakh with the bank but he could not manage the remaining amount, therefore, he approached the Special Judge for further time. By the order dated 8.12.2011, the Special Judge CBI ACB, Mumbai granted further three weeks time from 8.12.2011. According to the applicant, it will not be possible for him to manage the amount within three weeks. According to him, he wants to sell his land situated somewhere in Kolhapur to manage the amount but it would require some reasonable time. It is said to be agricultural land. The learned counsel for the CBI on instructions states that he has no objection to give reasonable time. 4 In view of the above circumstances, applicant is granted time to make the payment of the balance amount till the end of May, 2012. (J.H.BHATIA, J.)