IN THE HIGH COURT OF BOMBAY AT GOA CRIMINAL MISC. APPLICATION NO. 163 OF 2009 IN STAMP NUMBER MAIN NO. 1509 OF 2009 THE BAGAYATDAR URBAN CO-OPERATIVE CREDIT SOCIETY LTD., ... Applicant Versus SHRI ASHOK PISSO GAUDE ... Respondent Shri A. F. Diniz, Advocate for the Applicant. Ms. H. Naik, Advocate for the Respondent. Coram:- N. A. BRITTO, J. Date:- 3rd August, 2009 P.C.:- Shri A. F. Diniz, learned Counsel on behalf of the Applicant submits that the Board of Directors of the Complainant had taken a resolution on 20-12-2008 to ratify the acts done by Subodh Verenkar and an application to that effect was filed before the trial Court on 21-1-2009 which was rejected. Learned Counsel has also submitted that the Board of Directors had also taken a resolution to file a case against the present Respondent and in that context, learned Counsel has placed reliance on para 12 of the decision of the Apex Court reported in Shankar Finance and Investments v. State of Andhra Pradesh and others((2008) 8 SCC 536. Ms. H. Naik, learned Counsel appears on behalf of the Respondent. Heard both the parties. Leave to appeal. Call for records and proceedings. Preparation of the paper book is dispensed with. Let the matter be placed for final hearing as per turn. Action in terms of Section 390 Cr. P. C. be taken by the learned J.M.F.C. N. A. BRITTO, J. RD.