Criminal Procedure Code, 1973
Section 439—Bail—Economic offence—Case involves fraudulent diversion of public funds by applicant obtained from the bank—Cheating institutions of their money is a criminal offence which must be treated as such and dealt with accordingly—Loss caused to exchequer due to misuse of public money creates an adverse impact on the economy and more often than not, the brunt is borne by the common man—It is imperative that disputes involving economic offences are dealt with stringently to recover public money at the earliest and also set such precedence, which will dissuade others from committing similar offences—Direction issued by court in a consent order not complied by the petitioners—Application dismissed.
[Paras 9 to 12]
Decision : Application dismissed