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2017 (2) TMI 287 - SC - Companies LawGrant of bail - detention in custody of under-trial prisoners - “Chit Fund Scam” involving the Saradha Group of Companies - Held that:- Having regard to the materials available, we are of the opinion, mainly in the face of the disclosures in the latest status report, that presently further confinement of the appellant in judicial custody is not an indispensable necessity for the unhindered investigation, that is in progress. In the above view of the matter, the appeal is allowed and the appellant is ordered to be released on bail in FIR RC-04/S/2014-(SIT) Kolkata of ₹ 1 (One) crore and on furnishing two local sureties each of the like amount to the satisfaction of the Additional Chief Judicial Magistrate Alipore, Kolkata, West Bengal and also subject to the following conditions : 1) The appellant would surrender her passport to the Trial Court. 2) She would not leave the territorial limits of the city Kolkata without the written permission of the Trial Court and without informing the investigating agency. 3) She would report before the Trial Court and the investigating officer once a month, till the investigation in the case is completed in full. 4) She would not in any way hinder or try to influence the investigation in any manner whatsoever and would not endeavor to either tamper with any evidence or induce/influence/dissuade/intimidate any witness or deal with any record relevant to the case. 5) She would cooperate with the investigation and would always be available to be interrogated by the Investigating Agency. 6) Any other condition as the Trial Court may consider to be appropriate if and as and when necessary. 7) We hereby clarify that breach or non-compliance of any of the above conditions would entail immediate cancellation of the bail granted, either suo motu or on any complaint made by any quarter whatsoever. 8) Apart therefrom, such a breach or non compliance would be viewed very seriously and would visit the appellant with stringent adverse consequences as contemplated in law. The Trial Court as well as the Investigating Agency are directed to keep continuous vigil in the matter so as to, if need be, bring to the notice of this Court any conduct or action of the appellant warranting recall of this order.
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