2022 (2) TMI 1379

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... hout discussing the evidence in detail, this Court, prima facie, is of the opinion that, this is a fit case to exercise the discretion and enlarge the applicant on regular bail. Hence, present application is allowed and the applicant is ordered to be released on regular bail subject to the conditions imposed - bail application allowed.
HONOURABLE MR. JUSTICE NIRZAR S. DESAI MR. N.D. NANAVATY, SENIOR ADVOCATE WITH MR CHETAN K PANDYA(1973) FOR THE APPLICANT(S) NO. 1 MR. MITESH AMIN, PUBLIC PROSECUTOR FOR THE RESPONDENT(S) NO. 1 RULE SERVED FOR THE RESPONDENT(S) NO. 2 ORDER 1. Heard learned Senior Advocate Mr. N. D. Nanavaty with learned advocate Mr. Chetan K. Pandya with learned advocate Mr. Yash Nanavaty for the applicant and le .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ate Mr. Nanavaty, at the time, when the present applicant was arrested as per the arrest memo, the amount involved was Rs. 25,00,00,000/-, whereas at the time of filing of complaint, the amount was subsequently reduced to Rs.19,00,00,000/- and investigation has almost over, as initially the number of share companies with which the transaction has taken place as 68 initially, subsequently, the number of increased by 9 more companies by the December, 2021 and as on today, only 2 more companies have been increased, which would show that though in all the allegations are in respect of 68+11 = 79 companies but investigation is substantially over and therefore, according to learned Senior Advocate Mr. Nanavaty, the petitioner being a businessman, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ase of the present applicant. First installment of Rs.50,00,000/- be deposited within a period of 4 weeks from the date of his release, thereafter, Rs.50,00,000/- within a period of 4 weeks and last installment of Rs.50,00,000/- within a period of four weeks thereafter. In all Rs.1,50,00,000 shall deposit within a period of 12 weeks from the date of his release. Whenever the amount is deposited, the same shall be deposited before the Trial Court and the Trial Court shall invest the amount in Fixed Deposit initially for a period of one year and thereafter, the same shall be renewed till the trial is over; [b] not take undue advantage of liberty or misuse liberty; [c] not act in a manner injurious to the interest of the prosecution and sh .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X