AB 230/2010 BEFORE THE HON’BLE MR JUSTICE P.K. MUSAHARY Heard Mr. HRA Choudhury, learned counsel for the accused petitioner. Also heard Mr. B.B. Gogoi, learned Addl. PP , Assam. The case diary, as called for, has been received. The accused petitioner is the Managing Director of Daffodils Groups of Companies Ltd registered under the Companies Act, 1956, which was established ten years b ack and having its Head Office at Ulubari, Guwahati and some Branch Offices at d ifferent places including Silchar, Dhubri etc. The accused petitioner has been p osted as the Managing Director of the aforesaid Company and he has been posted a t Guwahati who is to supervise the affairs of the Company. Due to certain diffic ulties the Branch Office at Baskandi in Cachar district could not function and i t has been closed by the landlord. The informant is the In-charge of the Branch Office at Baskandi, who has alleged that the Company is trying to tie-up with so me other Companies, which is under process causing great difficulties to him and other employees. On perusal of the case diary it is found that some agents of the Company have al so made similar grievances against the accused. Mr Choudhury, learned counsel submits that a paper notification has also been is sued on 23-10-2010 informing the agents and customers to the effect that efforts are being made to return the amounts deposited by the customers. Mr Choudhury a lso submits that the efforts are being made to reopen the Branch Office at Baska ndi. Considering the submissions of the learned counsel for the accused and also cons idering the fact that the accused petitioner is a local resident of Guwahati and there is no chance of avoiding the due process of law, the interim bail order p assed on 6-12-2010 is made absolute on the same terms and conditions. However, t he accused petitioner shall appear before the I.O. concerned within ten days fro m today for recording his statement in accordance with law and the accused petit ioner shall appear before the I.O. and the learned trial court, as and when requ ired. The bail petition stands disposed of.