2020 (3) TMI 1370

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.... in M.Cr.C. No.10585/2020, who have been arrested by Police on 24.2.2020 in Crime No.RC-0082018A0019/2018, Police Station CBI, Bhopal concerning offence under Section 13(2)/13(1)(d) of Prevention of Corruption Act and u/s. 409, 420, 467, 468, 471, 120-B of the IPC. 2. Heard the learned counsel for the parties and perused the case diary. 3. The CBI, Bhopal received a complaint about rotation of cash-credit funds between the companies controlled by ShriNarendra Prajapati. The company took a loan and the cashcredit facilities from Punjab National Bank (PNB), Kanthal Branch, Ujjain but diverted the funds for the purchase of immovable assets, interest payments and cash withdrawals. The properties which were purchased from the funds of the ....

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....nt from the place visited by the bank officials. There is no mention of available coal stock in the spot verification report. The pre-sanction visit by applicants on 11.7.2013 was found to be false, therefore, the mandatory presanction visit was deliberately not conducted by the bank officials but only on paper verification was shown to be conducted. 5. After conducting the investigation, CBI has prepared the challan and issued notices to the applicants for their appearance before the Court. The applicants appeared by the Court along with an application u/s. 439 of Cr.P.C. Vide order dated 24.2.2020, learned Special Judge, CBI has rejected the application, hence the present applications u/s. 439 of Cr.P.C. before this Court. 6. Learne....