It is submitted by learned counsel for applicant that applicant is innocent and falsely implicated in this very case crime number. The applicant is a lady and working as the principal in the Institution namely, Rishabh Academy Meerut. As per the allegation made in the FIR, it is alleged that during the period of 1.4.2020 to 20.9.2020, the Institution, Rishabh Academy Meerut, has received Rs. 1,33,88,000/-, out of which Rs. 70,45,00/-, were utilized as expenditure. It is also alleged in the FIR that the applicant and and other co-accused person, namely, Rajeet Kumar Jain, the Manager of the Institution have been misappropriated Rs. 56,920,00/-, by depositing the said amount in their personal accounts after fabricating and manipulating the records. It is further submitted that in fact the applicant made a complaint against the Manager of the Institution on 29.9.2020, with regard to the misappropriation of Rs. 57,00,000/-, which remain unheeded by the authorities concerned. The copy of the same has been sent to the Commissioner, SSP and other officials and also a copy of the said complaint has been appended at page nos. 61 to 63 to the affidavit filed in support of the bail application. It is also submitted that the charge-sheet in the matter has been submitted and the investigation has already been completed. The offence is triable by Magistrate. The applicant is a lady having one minor child and is also entitle for the benefit of Section 437 (2) of Cr.P.C. It is also submitted that the main allegation for misappropriation of money is against the Manager of the Institution namely, Rajeet Kumar Jain, and the case of the applicant is distinguishable for the same. Applicant is of no criminal antecedents and is languishing in jail since 17.3.2021. There is no likelihood of fleeing from course of justice or tampering with evidence. Hence, bail, during trial, has been prayed for.
