1 FARAD CONTINUATION SHEET NO. IN THE HIGH COURT OF JUDICATURE AT BOMBAY APPELLATE SIDE, BENCH AT AURANGABAD CRIMINAL APPLICATION NO.3045/2009. (Babasaheb s/o Vitthalrao Pandit Vs. The State of Mah.) ----------------------------------------------------------------------------------------------------------- Office notes, office Memoranda of Coram,appearances, Court’s orders Court’s or Judge’s orders. or directions and Registrar’s orders ----------------------------------------------------------------------------------------------------------- CORAM : K.U.CHANDIWAL, J. DATE : 10 th September,2009. 1. Heard Mr.Thombre,learned Counsel for applicant/accused and learned APP for State. 2. The applicant/accused is a Director of Champawati Urban Cooperative Bank Ltd., Beed, where embezzlement to the tune of Rs.1,69,00,000/- has taken place, giving rise to the offence, vide Crime No. 56/2009. 3. The applicant/accused coordinated loan to Rajmumar Pandit and Vitthal Krishnaji Pandit and the amounts are found to be irregular, did not comply the requisition. The guarantee furnished by Mahadeo Bharti/Ganesh Bharati was unilaterally withdrawn. A letter was written by the accused to mortgage his house property, for which also, as against the liability of around Rs. 12,00,000, the charge of the bank was created for an amount of Rs.1,50,000/-. 2 The property value as per the assessment is only Rs. 1,01,718/-. It is apparent the bank is deliberately tried to be deceived by such activities. There are several other irregularities pointed by the Auditor, which are referred at page 88 of the application. 4. Consequently, no pre-arrest bail. Application rejected. ( K.U.CHANDIWAL ) JUDGE bdv/cran3045.09