Bombay High Court
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The bank in question was a co-operative bank located at a remote Taluka in Maharashtra. The customers were small shop keepers and local villagers who had very meagre income. The accused took advantage of such situation and siphoned their money.

Bombay High Court
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“Investigation cannot be permitted to linger on for years, keeping the investors in the lurch, not knowing what is the outcome of the case.”

Gujarat High Court
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“In the CID raid, it was discovered that Bhupendrasinh had created several firms and opened bank accounts in their names, but only two of the firms were registered. He had also issued cheques worth Rs 62 Lakhs in the name of his driver.”

Bombay High Court
Case BriefsHigh Courts

The Court referred to Niranjan Singh v. Prabhakar Rajaram Kharote (1980) 2 SCC 559, wherein it was explained that no lexical dexterity nor precedential profusion is needed to come to the realistic conclusion that he who is under the control of the court or is in the physical hold of an officer with coercive power is in custody for the purpose of Section 439, CrPC.

Orissa High Court
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While rejecting the application for bail under Section 439 of CrPC, Orissa High Court said that the enormity of amount of embezzlement of Rs. 109 crores add to the worries of investors and depositors of the company.