IN THE HIGH COURT OF JUDICATURE AT PATNA CR. WJC NO.385 OF 2010 SREI EQUIPMENT FINANCE PVT.LTD., VISHWKARMA 86-C, TOPSIA ROAD (SOUTH), KOLKATA 700046 THROUGH ITS AUTHORIZED SIGNATORY, ARASHA GHOSE, VICE-PRESIDENT OF THE COMPANY……………………………………………………..….PETITIONER VERSUS 1. THE STATE OF BIHAR THROUGH THE CHIEF SECRETARY, GOVERNMENT OF BIHAR, PATNA 2. THE HOME SECRETARY, GOVERNMENT OF BIHAR, PATNA……………………………………………………...RESPONDENTS ----------- 2. 10.05.2010 Heard learned counsel for the petitioner and learned counsel for the State. By order dated 16.07.2009 passed by the Chief Judicial Magistrate, Aurangabad in connection with Madanpur P.S. Case No.51/09, Tata Hitachi EX200 Lc Hydrolic Backhoe Excavator Machine has been ordered to be released in favour of the petitioner-firm on furnishing indemnity bond of Rs.50,00,000/- with two local sureties of the like amount each. Learned counsel for the petitioner submits that the condition imposed by the court below is onerous and it will frustrate the order of release. He submits that the amount of indemnity bond may be reduced reasonably and he may be permitted to produce two sureties of the like amount each out of which one may be resident of State of Bihar itself. The prayer of - 2 - the learned counsel for the petitioner appears to be reasonable. Therefore, the said order dated 16.07.2009 is modified only to the extent that the indemnity bond furnished by the petitioner- firm will be of Rs.25,00,000/- (Rupees twenty five lakhs) with two sureties of the like amount each out of which one will be resident of the State of Bihar. This writ application is disposed with modification in the said order. Let a copy of this order be sent to the court of the learned Chief Judicial Magistrate, Aurangabad through FAX at the cost of the petitioner in connection with Madanpur P.S. Case No.51/09. B.T (J. N. Singh, J.)