Admitted. Heard finally by consent of respective learned counsel.

2. The applicant is accused No.3 in the charge-sheet filed by the Central Bureau of Investigation against the applicant and respondent nos. 2 to 16 for the offences punishable under Sections 120B & 420 read with Section 34 of the Indian Penal Code and also Sections 13(1)(d) read with 13 (2) of the Prevention of Corruption Act. The applicant was working as Regional Manager of Regional Office of National Insurance Company Limited (henceforth abbreviated to "NIC") situated at Pune. Respondent no.2. Subhash Agre was working as Branch Manager of NIC, Chandrapur, Respondent no.3-Mehboob Chand was working as Divisional Manager of NIC Amravati. Respondent no.4-Chandrakant Thodge was working as Development Officer, NIC, Pusad. Respondent no.5-Sanjay Jivtode was working as Executive Chairman of Chandrapur District Central Cooperative Bank Limited, Chandrapur (in short "CDCC Bank"). The respondent nos. 6 to 16 were working as Agents.

3. The allegations against the respondent nos. 2 and 3 are that they had entered into an agreement with the respondent no.5-Sanjay Jivtode of CDCC Bank on 11th and 12th March, 1999 for a Gr