IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL APPLICATION NO. 4214 OF 2009 Vinod Shridhar Kawle ..... ..... ...Applicant V/s The State of Maharashtra ..... ..... ..Respondent. Mr.B.G.Tangsali, Adv. for the applicant. Smt.P.P.Shinde, APP for the Respondent. CORAM: A.P.DESHPANDE, J. 24th Sept., 2009. PC: On oral application leave to amend the name of the applicant is granted. Amendment to be carried out forthwith. The applicant is seeking his release on bail in CR No.430/07 for offence punishable under sections 420, 467, 468, 471 read with section 34 of IPC upon a complaint filed by one Sandip Nagarkatti, branch manager of State Bank of India. According to FIR under a scheme loan was disbursed to group of 16 persons. The present applicant is one of them. Each of the applicant has been sanctioned a loan of Rs. 3 lacs. According to the prosecution loan was sanctioned to all the accused as they had mis represented to the bank that they are in employment of some company which is named in the application. Believing the representation of the applicant to be true bank has sanctioned the loan. However later on it was discovered that the present applicant was not gainfully employed in the company by name Khadi Village Industries Commission. Learned counsel for the applicant has submitted that some of the co-accused are already granted bail as they had undertaken to deposit the entire loan amount together with interest accrued 1 thereon. The bail is claimed on the ground of parity. Learned counsel for the applicant undertakes on behalf of the applicant that the applicant will deposit entire amount of loan of Rs.3 lacs together with interest till date with the bank within a period of three weeks from today without prejudice to rights and contentions of the applicant. Learned counsel further submits that the receipt indicating repayment of loan amount together with interest to the State Bank will be filed in the trial court within a period of four weeks from today. The statement made by the learned counsel is accepted and having regard to the fact that the applicant has undertaken to deposit the entire amount with interest with the bank within a period of three weeks from today I deem it appropriate to release the applicant on bail. The applicant shall be released on bail on executing a personal bond in the sum of Rs. 20,000/- with one or two sureties in the like amount. Applicant shall attend the concerned police station once a week till filing of the charge sheet and cooperate with investigation. Applicant is permitted to deposit the bail amount in cash for a period of two weeks during which period the applicant shall arrange for sureties. Application stands disposed of. 24.9.2009. 2