time of grant of loan so that any loss, if caused to the mortgaged property during the subsistence of loan, may be recovered from the insured amount. The very intention of the bank officials in getting the mortgaged property insured at the time of grant of loan is to safeguard the public exchequer. Had the unfortunate incident of flooding, which occurred on 16.04.2010 during the subsistence of policy obtained by respondent No.2 from the Oriental Insurance Company Limited, which was effective from 04.08.2009 to 03.08.2010, taken place on some other date, in all probability, he would not have levelled allegation of forgery against the bank officials i.e. petitioners herein, because his grievance is not with regard to policy taken by the bank, but his grouse from day one was with regard to valuation of the property. Respondent No.2 of his own without taking the bank officials into confidence, got the mortgaged assets insured with Oriental Insurance Company Limited at higher value i.e. Rs. 51, 25,000/-, whereas at first instance, State Bank of India had obtained two insurance policies effective from 08 .04.2008 to 07.04.2009. Otherwise also, in no manner could the bank officials, i.e. the petitioners herein, have derived any benefit from the alleged act, since, amount, if any received under the insurance policy obtained at their instance, would necessarily have been adjusted towards the outstanding loan amount. 37. Similarly, offences punishable under Sections 467 and
