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2019 (2) TMI 1896 - HC - Money LaunderingGrant of Bail - attachment of Bank accounts - schedule offences - principles of parity - Division Bench, with regard to co-accused pradeep Garg directed the Special Court to pass the bail order in the light of order of Supreme Court in OMPAL SINGH (PRADEEP GARG) VERSUS CENTRAL BUREAU OF INVESTIGATION (CBI) & ANR. [2018 (4) TMI 1845 - SC ORDER] granting or refusing bail to co-accused, Pradeep Garg in schedule offences - HELD THAT:- Hon’ble Supreme Court in Nikesh Tara Chandra’s case [2017 (11) TMI 1336 - SUPREME COURT] while granting bail to the applicant in schedule offences, has opined that the entire money of the State shall stand secured and in this regard bank accounts of the applicant to the tune of ₹ 5.11 Crore has also been attached by the E.D. The applicant is in jail in this matter since 16.01.2018 and Co Accused pradeep Garg standing on identical footing has been released on bail by trial Court in compliance of order passed by Division Bench of this Court. In view of above and on the principle of parity the applicant is also entitled to be released on bail. In view the nature of the offence, evidence, complicity of the accused, severity of punishment, submissions of the learned counsel for the parties, the applicant has been released on bail by Honble Supreme Court in schedule offences, without expressing any opinion on the merits of the case, the applicant has made out a case for bail - Bail application allowed.
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