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2016 (9) TMI 871

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..... ces of the case and considering the nature and gravity of accusation made against the applicant in the First Information Report and other investigation papers, discretion exercised in favor of the applicant for grant of bail as there is no possibility of tampering with the evidence as the investigation is over and charge-sheet is filed - the present application is allowed and the applicant is ordered to be released on regular bail on his executing a personal bond of ₹ 10,000/- - decided in favor of applicant. - CRIMINAL MISC.APPLICATION (FOR REGULAR BAIL) NO. 17611 of 2016 - - - Dated:- 12-9-2016 - MR. P.P.BHATT, J. FOR THE APPLICANT : MR ASHISH M DAGLI, ADVOCATE, MR HITESH L GUPTA, ADVOCATE FOR THE RESPONDENT : MR RUTVIJ .....

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..... ons the applicant is ready and willing to deposit ₹ 1 Crore within a period of six and half months before the concerned Trial Court from the date of actual release period in following manner: [i] the applicant will deposit ₹ 25 Lakhs within a period of two weeks before the concerned trial court from the date of actual release period; [ii] the remaining amount shall be deposited within a period of six months before the concerned trial court from the date of actual release period thereafter. Over and above the aforesaid amount the applicant is ready and willing to file an undertaking to the effect that the property as mentioned in the affidavit-cum-undertaking filed before this Court dated 12.09.2016 shall not be transferred alien .....

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..... his rights and contentions, in the facts and circumstances of the case and considering the nature and gravity of accusation made against the applicant in the First Information Report and other investigation papers, this Court is of the opinion that discretion is required to be exercised in favour of the applicant for grant of bail as now there is no possibility of tampering with the evidence as the investigation is over and charge-sheet is filed. Hence, the present application is allowed and the applicant is ordered to be released on regular bail in connection with the FIR being C.R.No.I-04 of 2016 registered with Ahmedabad Zone Police Station, District:-Ahmedabad , on his executing a personal bond of ₹ 10,000/- (Rupees Ten Thousan .....

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..... d trial court from the date of actual release period thereafter. Over and above the aforesaid amount the applicant will file an undertaking to the effect that the property situated at Delhi valued about ₹ 10 crore as mentioned in the affidavitcum- undertaking filed before this Court dated 12.09.2016 shall not be transferred alienate, mortgage in any manner or no third party right will be created upon the said property till the outcome of criminal case. The applicant shall also file an undertaking with regard to deposit of amount as agreed before the concerned trial court at the time of executing bail bond within a period of two weeks from the date of actual release period. The aforesaid amount shall be given to the concerned departmen .....

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