(1.) This application for bail u/s 439 Cr.P.C. arises out of the FIR registered for offence under Sections 467, 468, 471, 199, 200 and 120B IPC.
(2.) It is contended by Mr. Jagdeep Dhanker learned counsel, appearing for the petitioner that originally, the personal loan scheme was based on the trust of borrowers. With a view to plug the short comings in the scheme some modifications came to be introduced on 21/6/2001. Some relevant modifications are reproduced below:
(3.) Jt appears that certain checks enumerated above were evolved in the Scheme to prevent availment of multiple finance by the borrowers, which were not in the original personal loan scheme.