..(1).. IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL APPLICATION NO.2280 OF 2008 Shri Devdatta Arwind Kothiwale. ..Applicant. Versus Versus Versus State of Maharashtra. ..Respondent. .... Mr.H.P.Ingle, Adv. for applicant. Mr.K.V.Saste, APP, for the State. .... CORAM : SMT.V.K.TAHILRAMANI,J. CORAM : SMT.V.K.TAHILRAMANI,J. CORAM : SMT.V.K.TAHILRAMANI,J. DATED : 24th July, 2008. DATED : 24th July, 2008. DATED : 24th July, 2008. P.C.: 1. Heard the learned Advocate for the Applicant and the learned APP for the State. 2. The applicant is seeking bail in C.R.No.28 of 2008 of E.O.W. Crime Branch CID, Mumbai. The said case is under Sections 419, 420, 465, 467, 468, 471 and 120-B of IPC. 3. The case of the prosecution is that the applicant was working as a Manager of M/s.Ganesh Benjoplast Company. The applicant submitted 51 proposals for loan of workers in the said company and got sanctioned the loan amounts. The said ..(2).. loan was got sanctioned from Daivadhnya cooperative Credit Society. On investigation, it is found that the said workers had not obtained loan and infact the persons who were shown as applicants in some of the loan proposals were not workers of the company. The material on record clearly implicates the applicant. 4. The learned Advocate for the applicant submitted that coaccused Ramkishan and Ramdas have been released on bail by the Sessions Court hence the applicant be granted bail on the ground of parity. This Court is not bound by any order passed by the Sessions Court. The material on record clearly implicates the applicant. 5. The learned Advocate for the applicant submitted that the credit society has verified all the documents and thereafter granted loans. However as far as this aspect is concerned, it is seen that it was the applicant who first prepared the proposals for loans and submitted it to the credit society and thereafter the loans were sanctioned by the said credit society. The credit society is the complainant in the present matter. ..(3).. In the present case, the investigation is going on and the charge-sheet has yet not been filed. In this view of the matter, I am not inclined to grant bail at this stage. Application for bail is rejected. 6. Liberty is granted to the applicant to prefer application for bail before the Sessions Court after the charge-sheet is filed. On the application being preferred before the Sessions Court, the Sessions Court to consider the same afresh on merits. (SMT.V.K.TAHILRAMANI,J.) (SMT.V.K.TAHILRAMANI,J.) (SMT.V.K.TAHILRAMANI,J.)