ORDER :

1. Rule returnable forthwith. Ms. Jirga Jhaveri, learned Additional Public Prosecutor waives service of notice of rule for and on behalf of respondent No.2 Mr. R.C. Kodekar, learned Special Public Prosecutor waives service of notice of rule for and on behalf of respondent No.1.

2. Applicant seeks regular bail under section 439 of the Code of Criminal Procedure in connection with RC No.RC0292018A0006 dated 26.03.2018 registered with CBI/ACB, Gandhinagar for the offences punishable under section 120-B read with sections 420, 467, 468 and 471 of the Indian Penal Code, 1860 and section 13(2) read with section 13(1)(f) of the Prevention of Corruption Act, 1988, investigated by the Central Bureau of Investigation (C.B.I.).

3 Brief facts, as alleged in the First Information Report, are as follows:

3.1 The Company viz. Diamond Power Infrastructure Limited, Vadodara (hereinafter referred to as 'the Company') had obtained borrowings from different banks, although, the Company had appeared in the defaulter list of the Reserve Bank of India (R.B.I.). It is also alleged by the prosecuti