For all those who have participated on this forum. I am attaching the latest judgement of the Bombay High Court which is upholding the view articulated by me on this page earlier. In fact Balagi Agencies Pvt. Ltd. is also dischussed in the said judgement. Following is the judgement. I have already uploaded it in the file section. It will appear after moderation.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
BENCH AT AURANGABAD
CRIMINAL APPLICATION NO. 898 OF 2009
Ramkrishna Urban Cooperative
Credit .. Applicant
Society Ltd., Maliwada, Ahmednagar,
through Authorised Signatory,
Shri Chhagan Tukaram Raut,
Age. 36 years, Occ. Service,
R/o. Mutha Chambers, Maliwada,
Shri Rajendra Bhagchand Warma .. Respondent
Age 38 years, Occ. Business,
R/o. 2044, Daware Galli,
Near Vithal Mandir, Ahmednagar.
Shri L.B. Pallod, Advocate for the applicant.
Shri J.M. Murkute, Advocate for sole respondent.
CORAM : P.R. BORKAR,J.
RESERVED ON : 03.02.2010
PRONOUNCED ON : 16.02.2010