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2014 (9) TMI 1229 - SC - Indian LawsBail application - it is the case of the prosecution that the Purchase Committee which was headed by the petitioner purchased Iron Folic Acid tablets at ₹ 26 paise per tablet, which was available in the open market at ₹ 6 paise per tablet, which resulted in the loss of ₹ 11,07,692/- to the Government - HELD THAT:- Inasmuch as the similarly situated persons have been released on bail, we think that the petitioner shall also be released on bail. It is also necessary to note that the charge sheet is already filed in the case and the petitioner is in jail for about 11 months. The petitioner Dr. Prem Prakash Verma is directed to be released on bail on his furnishing a personal bond and two local sureties each of the like amount to the satisfaction of the conditions imposed - SLP disposed off.
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