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3. As per charge sheet, the applicant who is Promoter and Director of M/s. Zoom Developers Pvt. Ltd (herein after referred as 'M/s. ZDPL'), in connivance with other co-accused, hatched a conspiracy with intent and object to cheat and defraud the Union Bank of India, Andheri Branch, in the matter of sanction and release of Foreign Guarantee limit of Rs.20 Crores, in favour of M/s. ZDPL, which was subsequently extended and enhanced to Rs.35 Crores and also a fresh loan of Rs.28.65 Crores favouring M/s. ZVSL, on the strength of equitable mortgage of an immovable property situated at 7, Manorma Ganj, A.B. Road, Indore, which was in possession and occupied by a lease holder whose consent / NOC for the creation of equitable mortgage was got forged and presented to the Bank through fraudulent means stating that in the event of recall of loan/limit, the lessee would hand over a quiet and peaceful possession of the said property. After the cognizance of the offences, the learned trial court issued 'non-bailable warrant' against the applicant and other accused persons.