JUDGMENT

A. S. Gadkari, J. - This is an application under Section 439 of the Code of Criminal Procedure for bail in connection with C.R. No. 316 of 2018 dated 14/07/2018 registered with Juhu Police Station, Mumbai, for the offence punishable under Sections 420, 120(B) read with 34 of the Indian Penal Code.

2. Heard the learned counsel for the applicant, the learned counsel for the informant and the learned APP for the State. Perused the charge sheet.

3. The first information report is lodged by Mr.Nagesh Vaidikar, Production Manager, employed with M/s.Pooja Films Company.

The applicant along with other persons is Director of KriArj Entertainment Private Limited.

The prosecution case in nutshell is that, the applicant by giving promise to the informant''s company that, she will give them benefits from the distribution of two films mentioned in the FIR induced the informant''s company to part with an approximate amount of Rs.31.6 crores. It is alleged that, after receipt of payment, the applicant did not complied with her part of obligation and has defalcated the said amount.

4. The learned counsel for the applicant submitted that, there is a civil litigation pending on the Original S