(1.) Heard learned Senior Advocate N.D.Nanavati for Mr.Tushar Mehta, learned advocate on behalf of the petitioner and learned Public Prosecutor Mr.A.D.Oza with learned APP Mr.N.D.Gohil appearing on behalf of the respondent - State. The Investigating Officer Mr.Ajay V. Gakhar is also personally present before this Court as well as present General Manager of Shree Vikas Co-op. Bank Limited Mr. A.N. Thakkar has also remained personally present before this Court.
(2.) Rule. Learned Public Prosecutor Mr.A.D.Oza waives service of Rule on behalf of the respondent - State in all these nine matters.
(3.) At the out set, this Court would like to refer and quote certain following relevant observations of the Apex Court concerning the issue involved in this group of this petition as under :