It is submitted by learned counsel for the petitioner that as per the prosecution case, the petitioner being the Principal of the Langta Baba College, Baba Gram, Mirganj, has received revenue of Rs.10,70,720/- in the Academic Year 2013-14 towards Admission, Registration, Migration etc. from the students, out of which, only a sum of Rs.98,000/- was deposited in the account of the said College and rest amount was misappropriated. It is further submitted that petitioner was restrained from the financial work vide orders passed in W.P.(S) No.2697 of 2007 and W.P.(S) No.1455 of 2009. It is further submitted by the learned counsel for the petitioner that the present case is outcome of dispute between the Management and Teachers. The amount received had been deposited as it will be evident from the Passbook of the said College enclosed with the FIR. The audit report of the college submitted by the chartered accountant for the financial year 2010-2013 shows that the accounts were in order. There is no prospect of absconding of the petitioner+