(1) CR.APP. 2276.2009 IN THE HIGH COURT OF JUDICATURE AT BOMBAY BENCH AT AURANGABAD CRIMINAL APPLICATION NO. 2276 OF 2009 Jagan S/o Sahebrao Sarkate, Age : 63 years, Occu.: Medical Practitioner, R/o Kalyannagar, Parbhani, Dist. Parbhani .. Applicant Versus The State of Maharashtra, Through Nava Mondha Police Station, Parbhani, Dist. Parbhani (Copy to be served on Public Prosecutor, High Court of Bombay, Bench at Aurangabad) .. Respondent Mr. S.S. Jadhavar, Advocate for the Applicant Mr. N.H. Borade, APP for the Respondent-State CORAM : A.V. NIRGUDE, J. DATED : 10TH JULY, 2009 ORAL ORDER:- 1] The applicant is seeking bail in crime no. 111 of 2009 registered at Nava Mondha Police Station, Parbhani for the offences punishable under section 420, 465, 467, 468, 471, 409 and 120(B) of the Indian Penal Code and under section 3 of Depositors Protection Act. 2] The applicant is a Medical Practitioner and (2) CR.APP. 2276.2009 was also working as the Chairman of Yeshwant Urban Co-operative Bank Ltd., Parbhani from 1996 to 2006. The District Special Auditor, Class-I, Co-operative Societies Parbhani, undertook audit and found that various irregularities were committed by the applicant and other Directors like granting loans to undeserving parties without examining their credit- worthiness etc. They caused loss to the bank to the tune of approximately Rs.10 Crores. The applicant besides being involved in granting of loans to so many clients of the bank, is also accused of granting and disbursing loan to the tune of Rs.43 Lakh to his own wife. 3] The applicant was arrested on 10.5.2009 and since then he is in custody. The investigation, as far as his part in the episode, must have been over. I am told that the applicant has repaid substantial amount of the loan. The applicant now deserves bail. 4] The applicant is released on bail of Rs.25000/- (Rs. Twenty Five Thousand) with one surety in the like amount. 5] Criminal Application stands disposed of. Sd/- (A.V. NIRGUDE, J.) arp/10july9/cr2276.09