N. C. Talukdar, J.:- This is an application for bail filed on behalf of one Govind Prasad Lath and is directed against an order dated the 20th March, 1975, passed by the learned Additional Chief Metropolitan Magistrate, Calcutta, refusing the petitioner's prayer for bail in Ludhiana P.S. Case No. 620 dated 15-12-1974 under Sections 406/408/468 and 471 of the Indian Penal Code. The application is with notice to the State and is opposed.

2. The facts leading on to the present application can be put in a short compass. On a complaint lodged by one Sat Paul Kanwar, decribed as a partner of the Vardhman General and Spinning Mills Ltd., at P.S. Sadar Ludhiana, Ludhiana P.S. Case No. 620 dated 15-12-1974 was started under Sections 406/408/ 468/471 of the Indian Penal Code. In course of the investigation that followed, the accused-petitioner who is stated to be a businessman living at 132/1, Mahatma Gandhi Road, Calcutta, was arrested on the 20th March, 1975, by the Ludhiana Police with the assistance of the police of the Jorasanko Police Station, in Calcutta and was produced on the same day before the learned Additional Chief Metropolitan Magistrate, Calcutta. On an application fo