1 30.ba-1026-11 IN THE HIGH COURT OF JUDICATURE OF BOMBAY CRIMINAL APPELLATE JURISDICTION jmi CRIMINAL APPLICATION NO.1026 OF 2011. Mr. Suhas Kamlakar Nibandhe. .. Applicant. v/s. The State of Maharashtra & Anr. ..Respondents. .... Mr. Subhash Jha, i/b. Mr. Subhash Hulyalkar, for Applicant. Mrs. S.D. Shinde, APP, for Respondent-State. .... CORAM: R. C. CHAVAN, J. DATED : 18th AUGUST, 2011. P.C.: 1. By order dated 29th July 2011, it was suggested that the Investigating Officer and Bank Officers shall consider the feasibility of the proposal voluntarily given by the applicant, namely, the sale of two movable properties for securing the dues payable to the bank. 2. The learned APP states that the dues of the bank are over Rs.2,37,00,000/- and the properties are only worth Rs. 67,80,000/-. Since at least that amount of the bank would be secured by way of sale of the said property, the proposal is worth considering. No purpose will be served by keeping the applicant behind bar till the trial is over. The learned APP 2 30.ba-1026-11 states that the Investigating Officer and the Officers of the Pune District Central Co-operative Bank are present. The bank officers may check up the applicant’s title in respect of the properties and ensure that no third party interest or mortgages are created in these properties. The applicant shall file an undertaking on oath duly attested by the Superintendent of Prison where the applicant is lodged agreeing to put these properties to sale towards part of the dues which are recoverable by the Pune District Central Co- operative Bank at whose instance offence has been registered. On such undertaking being given and after ensuring that these properties are owned exclusively by the applicant and there are no third party interests or charges created on these properties, the applicant is ordered to be released on bail in C.R. No. 152 of 2011 of Hadapsar Police Station, Pune, on his furnishing P.R. Bond in the sum of Rs. 50,000/- with one or more solvent sureties in the sum aggregating to Rs.50,000/- on the condition that the applicant shall attend the Police Station concerned on first Sunday of the month between 10.00 a.m. and 1.00 p.m. till the trial is over. The application is accordingly disposed of. (R. C. CHAVAN, J.)