The applicant came to be arrested in CR No.96/08 registered with Jaysingpur police station for the offences punishable under sections 406, 420 read with section 34 IPC. According to the complaint filed by Government auditor of the Cooperative Societies on 25.9.08 it is alleged that the Chairman and other directors in collusion with Manager of the Trimurti Nagri Sahakari Path Sanstha, Limited, (Path Sanstha) disbursed loans without following the prescribed procedure and thus the Path Sanstha suffered huge losses. According to the prosecution huge amount has been mis-appropriated and depositors are cheated as inspite of maturity their amounts are not repaid. 2. The present applicant is one of the borrowers who had borrowed an amount of Rs.1,09,00,000/- and had not repaid the amount. Hence the applicant came to be impleded as an accused. During pendency of this application a sum of Rs.44 lacs approx. was due and payable by the applicant to the Path Sanstha. The applicant had assured this Court to repay the entire amount and hence by an order dated 20.4.09 the applicant came to be released on bail under an interim order. Today a statement is made and a communication is placed on record which goes to indicate that the applicant
