JUDGMENT : Exts.P11 to P15 orders passed by the Judicial First Class Magistrate's Court-I, North Paravur, so far as it relates to the order to release the gold ornaments to the interim custody of respondents 3 to 5, are under challenge. 2. The 3rd respondent has filed a complaint before the police alleging that one Gilson and Suma Gilson had approached the 3rd respondent and obtained 12 sovereigns of gold ornaments from the 3rd respondent, along with some amounts, by several occasions from April, 2012 onwards, by agreeing to return the same, with intend to defraud and cheat the 3rd respondent, and thereafter, the same were not returned as agreed. The Vadakkekara Police registered Crime No.147/2014 for the offences punishable under Sections 406 and 420 IPC read with Section 34 IPC. 3. The Vadakkekara Police, during the course of the investigation, approached M/s Vypeen Kuries and Finance, which is a financial institution of which one K.O. Varghese is the Managing Partner and taken away altogether 915.49 gms. of gold ornaments pledged by various persons including the said Gilson and Suma Gilson. The said gold ornaments were produced before the Judicial First Class Magistrate's Court-I, North Paravur. The petitioner herein as well as respondents 3 to 5 filed petitions before the court below under Section 451 Cr.P.C. As the petition filed under Section 451 Cr.P.C. was not disposed of and was kept pending for long, the petitioner has approached this Court initially for getting the Crl.M.Ps. filed by the petitioner disposed of. When the present OP(Crl) is pending, the court below has disposed of all the said Crl.M.Ps through Exts.P11 to P15 orders. It seems that the court below has passed orders allowing the claims forwarded by respondents 3 to 5 and ordered the release of the gold ornaments claimed by them, to them. The balance gold ornaments were ordered to be released to the petitioner. 4. It is the admitted case that the petitioner was not in any way involved in the offence. The petitioner has been conducting business of money lending through a validly procured licence, which is still valid. 5. Under Section 451 Cr.P.C. the court can pass an order for the disposal of the property pending inquiry or trial, and in such case, the court has to pass such order as it thinks fit for the proper custody of such property. 5. Under Section 451 Cr.P.C. the court can pass an order for the disposal of the property pending inquiry or trial, and in such case, the court has to pass such order as it thinks fit for the proper custody of such property. Therefore, the court has got the duty to exercise due care and caution in deciding as to the person who is entitled to have the 'proper custody' of the property. At that stage, the court need not decide the question with regard to the title of the property or the person entitled to possession. What is contemplated under Section 451 Cr.P.C. is only proper custody. 6. When gold was seized in connection with the investigation from a banking institution, engaged in banking business through a validly procured licence, such a banking institution from where gold is seized, is the person who is entitled to proper custody. On going through Exts.P11 to P15 orders, this Court is satisfied that the court below has failed to exercise its jurisdiction properly and has passed erroneous orders. Instead of deciding the question with regard to the person who is entitled to proper custody, the court below was carried away in deciding to release the gold to the persons who claimed the gold. The court below has forgotten that it was not the stage at which an order under Section 452 Cr.P.C. could be passed. Matters being so, the exercise of jurisdiction by the court below in the matter, in passing Exts.P11 to 15, so far as it relates to the return of gold ornaments to respondents 3 to 5, is wholly erroneous and therefore, Exts.P11 to P15, so far as it relates to the order to release the gold ornaments to the interim custody of respondents 3 to 5 are liable to be quashed. 7. In the result, this Original Petition is allowed and Exts.P11 to P15 orders, passed by the Judicial First Class Magistrate's Court-I, North Paravur, so far as it relates to the order to release the gold ornaments to the interim custody of respondents 3 to 5, are hereby quashed. The matter is left open and the court below shall pass appropriate orders, by noting down the observations made by this Court, as expeditiously as possible, at any rate, within a period of one month from the date of receipt of a copy of this judgment.