JUDGMENT :

Hearing was conducted through Video Conferencing and the learned counsel agreed that the audio and visual quality was proper.

(2) The applicant has approached this Court seeking bail in connection with First Information Report No.0551 dated 28/12/2020, registered at Police Station, Hudkeshwar, filed against him and co-accused persons under Sections 406, 409, 420 r/w 120-B of the Indian Penal Code (IPC) and Section 3 of the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999 (MPID Act).

(3) The applicant is behind bars from 28th December, 2020. The applicant had approached this Court earlier by filing a bail application, but the same was withdrawn in the light of filing of charge-sheet with liberty to approach the Special Court. Pursuant thereto, the applicant moved a fresh bail application before the Special Court under the MPID Act, which stood rejected by order dated 05th May, 2021.

(4) The informant in the present case is an Auditor who had prepared an Audit Report in respect of Anand Sai Urban Credit Co-operative Society Limited (hereinafter referred to as the Society) for the period 2017-18. During the relevant period, the applicant