2012 (2) TMI 705

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....th, Counsel. Hon'ble Virendra Kumar Dixit, J. Heard learned counsel for the applicant/accused, learned A.G.A. for the State, learned counsel for the C.B.I. and perused the F.I.R. and other relevant documents on record. The accused-applicant is involved in Crime No. RC BD 1/2009/E/0011, (Court Case No. 14/10) under Sections 120-B,420,468,471 I.P.C. and Section 7,12 r/w 7,13 (2) R/w Sec....

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....using loans to various persons/plot holders who purchased plot/ land which were free from encumbrances and every borrower who purchased the land and bank created equitable mortgage on the property submitted by the borrower as well as other guaranty documents and proposal form etc. were filed up by responsible officers of the bank and pre survey inspection was conducted by the Bank Officers as well....

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....terest Act 2002, the Adhipatya Suchana was issued by the Bank regarding the borrowers who did not pay the loan amount and had completed all formalities and proceedings way back in the year 2007 and the F.I.R. was lodged in 2009. That it is admitted case of the Bank that the borrowers are genuine, guarantors are genuine, property and loan papers/title deeds are genuine. That the Bank declared the d....