1 APPLN 4489 OF 2009.sxw vks IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL APPLICATION NO.4489 OF 2009. Balmohan Mahadeo Adalinge .. Applicant -versus The State of Maharashtra .. Respondent. Mr. M. V. Thorat, with Mr V.V. Purwant i/b Mr Anand Kulkarni, for the Applicant. Mrs. P. P. Shinde, APP for the respondent State. CORAM: R.C. CHAVAN, J. DATED: 24th September, 2010 P.C. 1. The applicant was the Chairman of Co-operative Credit society from 1999 to 2005. During this period, there was irregular disbursement of loan to the tune of Rs.79 lacs. Out of the total amount Rs. 33 lacs have already been recovered. A sum of Rs. 6,00,000/- has been deposited by co-accused persons. All the other co accused persons have already been admitted to bail. The learned counsel, for the applicant states that at worst applicant’s liability as one amongst the 36 Directors, who were looking after the affairs of the society during that period would not exceed Rs. 1,50,000/-, even so in order to show his bonafides, the applicant is ready to deposit a sum of Rs.2,00,000/- before learned Magistrate which the learned Magistrate shall deal with the same at the end of 2 APPLN 4489 OF 2009.sxw trial of the case. Till then the learned Trial Magistrate shall invest the said amount in the nationalized bank to earn maximum interest during the pendency of trial. The investigation is complete and the chargesheet has been filed and since the other co-accused persons have already been bailed out, the applicant be released on bail on his furnishing PR Bond in the sum of Rs.25,000/- with one or more solvent sureties in the aggregate sum of Rs.25,000/- on the condition that the applicant shall deposit Rs.2,00,000/- before the learned Magistrate within a period of two weeks. On depositing the said amount, the learned Magistrate shall invest the same in the nationalized bank and deal with the same as per the result of the trial. (R. C. CHAVAN, J.)