J.B. Pardiwala, J.—This is an application preferred by the accused-applicant under Section 438 of the Criminal Procedure Code, (for short, ‘the Code’) in connection with offence registered with CID Crime, Rakot Zone Police Station, vide C.R. No. I-9 of 2010 for the offences punishable under Sections 217, 409, 465, 467, 468, 471, 476 and 120(B) of the Indian Penal Code.

2. The case of the prosecution, in brief, can be summarized as under:—

(i) The accused-applicant is serving with a Multinational Public Limited Company known and recognized as ‘Welspun Corporation Limited’, having its registered office at Village Varshamedi, Taluka: Anjar, District: Kutch. The accused-applicant is serving in the company in his capacity as Vice President. The Welspun group of companies, way back in the year 2003, preferred applications for allotment of lands bearing Survey Nos. 652, 692, 665, 667, 668, 670, 684, 692, 890 and few other survey numbers situated at village Varshamedi, Taluka: Anjar, District: Kutch. This demand for the allotment was on the basis of one resolution bearing No. JMN/392003/454/A (R.D.) issued by the State of Gujarat dated 6th June 2003, simplifying the process of allotm