Heard.

2. Rule. Rule returnable forthwith. Heard finally by consent of parties.

3. By the present application under Section 482 of the Code of Criminal Procedure, the applicant-one of the accused arrested in connection with Crime No.197/2012 of Pandharkavda Police Station for offence under Sections 408, 409 read with Section 34 of Indian Penal Code, has prayed for exercising inherent powers of this Court for quashing and setting aside the order dated 21.03.2012 cancelling the bail granted to him vide order dated 11.11.2012 and order dated 01.06.2013 passed by the Court of Sessions, Kelapur upholding the said cancellation by rejection of an application in revision preferred by the said applicant to the Court of Session challenging said order of cancellation passed by trial Court.

4. The crime in question was registered upon the first information lodged by one Aniruddha Adhav on the allegation of the applicant along with the other accused having misappropriated an amount of about Rs.20 lacs entrusted to him in his capacity as Project Officer. Considering the nature of controversy involved, it will be wholly unnecessary to state in detail about the matters in said first informati