Satish Baburao Marle v. Subhadra Local Area Bank Ltd., And ANR

Anand IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL APPLICATION NO.424 OF 2016 (For Bail) IN REVISION APPLICATION NO.423 OF 2016 Satish Baburao Marle .Applicant Vs.

Subhadra Local Area Bank Ltd.

.Respondents & anr.

Mr.R.R.Badi, Advocate, for the Applicant Mr.A.S.Shitole, APP, for the Respondent No.2 - State CORAM :

REVATI MOHITE DERE, J.

DATE : 28.07.2016 P.C.

.

Heard learned counsel for the Applicant.

2.

Vide Judgment and Order dated 06.01.2011 passed by the learned JMFC, Court No.14, Kolhapur in SCC No.1621/2009, the Applicant has been convicted and sentenced to suffer S.I. for six months for the offence

punishable under Section 138 of the Negotiable Instruments Act. The said Judgment and Order has been confirmed in Appeal by the Appellate Court vide Judgment and Order dated 14.03.2016.

3.

Learned counsel for the Applicant states that the Applicant has already paid compensation of Rs.4,00,000/- to the Complainant.

4.

Learned counsel for the Applicant on instructions states, that the Applicant is ready to deposit a sum of Rs.50,000/- within four weeks from today. The said statement is accepted. The said amount shall be deposited in the trial Court.

5.

Accordingly, the Application is allowed. The Applicant's sentence is suspended and the Applicant is enlarged on bail on the following condition :-

O R D E R

(i) The applicant be enlarged on bail, on executing PR Bond in the sum of Rs.10,000/- with one or two sureties in the like amount.

(REVATI MOHITE DERE, J.)