2010 (8) TMI 1191

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....va Prabhu S. Patil, Kuldeep S. Parihar, H.S. Parihar, Hemantika Wahi, Rajiv Shankar Dvivedi and H.A. Raichura, Advs. ORDER 1. We have heard learned Counsel for the appellant which is the Reserve Bank of India in this case. 2. The appellant is aggrieved by the order dated 20th of December, 2002 whereby a direction has been issued by the learned Single Judge in an application for bail under....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s stage, learned Counsel Shri Prajapati appearing for the depositors rightly made a grievance that so far poor depositors are not paid by the bank out of the amount, which has been received by the bank. If it is so, then it is most unfortunate Mr. Munshaw tried to explain that the said amount is used by paying salary etc. of the bank employees. This amount should not have been used by the bank aut....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....poor depositors, who have invested not more than Rs. 10,000/- at the first instance. On the next date of hearing, all the accused as well as I.O. And Administrator of the bank shall personally remain present at 2:15 P.M. before this Court. 4. The Reserve Bank of India has challenged the operative portion of this order as being beyond the scope of an application under Section 439 of the Code of ....