IN THE HIGH COURT OF JUDICATURE AT PATNA Cr.Misc. No.14643 of 2009 G.N.PRASAD son of Late V.N. Prasad, resident of 173 A.P.Colony, P.S.- Rampur, District- Gaya Versus THE STATE OF BIHAR THRU. CBI., Bihar, Patna ----------- 3 17.08.2009 Heard learned counsel for the petitioner and the learned Standing Counsel appearing for the C.B.I. The offence alleged is under sections 120B, 420, 468, 471, 477A of the Indian Penal Code and section 13(2) read with section 13(1)(d) of the Prevention of Corruption Act. It is submitted that at the material time the petitioner was working as Deputy Manager (Credit) of the Bank and he processed the loan application which was eventually sanctioned by the then Manager. It is further submitted that out of the total amount of loan of rupees thirty-three lacs, more than rupees fifteen lacs have been recovered. It is further contended that the allegation against the petitioner is of conspiracy along with other Bank officials as well as the beneficiaries. It is also submitted that the Manager of the Bank namely, Prashanto Kumar Mukherjee and other beneficiaries have been allowed bail by this Court as per the orders dated 17.05.2006 & 18.09.2006 passed in Cr. Misc. Nos. 18944 of 2006 & 40165 of 2006 respectively. 2 Considering the facts and circumstances of the case, it is directed that let the petitioner, above named, be released on bail on furnishing bail bonds of Rs. 10,000/- (ten thousand) with two sureties of the like amount each to the satisfaction of the Special Judge, C.B.I., South Bihar, Patna in connection with Special Case No. 16/04 ( R.C. 9(A)/ 2004 Pat). It is, however, made clear that after release of the petitioner from custody within a period of one month, the petitioner will be depositing with the trial Court a sum of Rs. 50,000/- (fifty thousand) in connection with the above noted case. After depositing the above amount, the bail allowed to the petitioner shall be confirmed. The aforesaid deposit shall however be subject to the final decision of the case. Manish/- (Shailesh Kumar Sinha,J)