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2024 (2) TMI 592 - PUNJAB AND HARYANA HIGH COURTSeeking grant of regular bail - petitioner was the part of the gang, which was engaged in operating a number of fake entities/firms - availment and passing of irregular credits - bogus sales - HELD THAT:- The petitioner was arrested in the present case on 09.08.2023 and is in custody for the last about 06 months. Even though, the allegations levelled against the petitioner points towards the seriousness of the charge, however, the petitioner cannot be ordered to be incarcerated for an indefinite period. In fact, all the allegations levelled by the complainant are yet to be adjudicated by the trial Court during the course of trial and further custody of the petitioner will not serve any useful purpose. Without commenting any further on the merits, the present petition is allowed and the petitioner is ordered to be released on bail on his furnishing bail bonds/surety bonds to the satisfaction of the learned trial Court/Duty Magistrate/CJM concerned.
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