AB 348/2010 BEFORE THE HON’BLE MR JUSTICE K.MERUNO Heard Mr.S.M.Abdullah, learned Counsel for the petitioners andMr. B.S. S inha, learned Addl.P.P,Assam. This application U/S 438 Cr.P.C has been filed by the petitioners namely , 1.Bhupen Talukdar and 2. Shri Hirendra Mohan Choudhury seeking pre-arrest bail in connection with Paltanbazar P.S. Case No. 773/2010 under Section 406/430 IP C. The FIR in the instant case has been filed against one Shri Pradip Baru ah who availed a loan of Rs. 13,60,000/- and the said loan was not repaid. The m atter was investigated and it is found that the loan was taken against four LIC I policies. FIR is directed against the said Pradip Baruah and the petitioners were the Branch Manager and the Asstt. Branch Manager of the City Co-operative B ank Ltd. at the relevant time when the offence was committed by Shri Pradip Baru ah. The learned P.P.has also produced the Case Diary. From the Case diary it is revealed that thorough investigation has been done in all aspects of the mat ter and it is also revealed that the petitioners were while in their capacity a s Branch Manager and Asstt. Branch Manager of the respective Bank at the relevan t time had also passed the papers in official capacity and in a good faith. It i s also revealed from the Case Diary that the petitioners are highly reputed and sincere workers of the Bank and since investigation has already been completed and the petitioners are no way connected with the alleged offence. The involveme nt of Shri Pradip Baruah has been brought out in the alleged offence. Considering all aspects of the matter, it is found that the petitioners are entitled to be granted the privilege of pre-arrest bail as provided under Se ction 438 Cr.P.C. Consequently, it is provided that the petitioners namely, Shri BhupenTal ukdar and 2. Hirendra Mohan Choudhury, in the event of their arrest, they shall be released on bail on furnishing a Bail Bond of Rs. 20,000/- each with one loca l surety each of the like amount to the satisfaction of the arresting authority on conditions that they shall make themselves available to the I.O as and when r equired ; that they shall co-operate with the Investigating Officer and that the y shall not leave the jurisdiction of the Court of the learned C.J.M Kamrup wit hout obtaining the prior permission of that Court. With the above directions, this bail application stands allowed and disp osed of.