1 21-crn.3459-09b IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL APPLICATION NO.3459 OF 2009 Tushar Babulal Mehta. ..Applicant. -Versus- State of Maharashtra. .Respondent. ... Mr.Uday Warunjikar, Advocate for the Applicant. Mr.Vinod Zende, Advocate i/b. Jondhale, Advocate for Orig.Complainant. Mr.J.P.Yagnik, APP, for the Respondent – State. ... CORAM : A.P. DESHPANDE,J. DATED : 3RD AUGUST, 2009. P.C. :- 1. The complainant is present in the Court and is also represented by an Advocate. The learned Counsel for the applicant and the complainant make a statement that the parties have resolved the dispute by entering into a settlement. It is the case of the applicant that on account of financial crises, the applicant could not repay the debt to about 35 creditors. However, he has entered into an agreement with 34 creditors and assured them of repayment of the amount. It is submitted that even with the present complainant a settlement has been reached and a sum of money is kept with a third party, which would be paid to the complainant. With a view to repay the entire amount, mechanism has been evolved, whereby the complainant 2 21-crn.3459-09b would be receiving entire amount. The parties have agreed to approach the trial Court with a view to compound the offence. The complainant has no objection to release the applicant on bail. It is also submitted that within a period of one week from the date of release of the applicant, the parties would be approaching the trial Court. In that view of the matter, the learned APP has no objection to release the applicant on bail. The Investigating Officer is present and he identifies the complainant. 2. In this view of the matter, the application is allowed. The applicant shall be released on bail in M.E.C.R No.11/2009 registered with D.B. Marg police station for the offence punishable under Sections 420, 409, 406 of IPC, on furnishing personal bond in the sum of Rs.10,000/- [Rs.Ten Thousand Only]. On release of the applicant on bail, he shall attend the concerned police station, once a week till pendency of the case. 3. Criminal Application is disposed of accordingly. [A.P.DESHPANDE,J.]