BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT ( Criminal Jurisdiction ) Monday, the Twenty Sixth day of September Two Thousand Eleven PRESENT The Hon`ble Mr.Justice S.PALANIVELU CRL OP(MD) No.12774 of 2011 B. SIVA ... PETITIONER/3RD ACCUSED Vs STATE REP.BY, THE INSPECTOR OF POLICE ECONOMIC OFFENCES WING, TIRUCHIRAPALLI CR NO.2/2011 ... RESPONDENT/COMPLAINANT For Petitioner : M/S. D.SHANMUGARAJA SETHUPATHI Advocate For Respondent : MR.A.RAMAR, Government Advocate(Crl.Side) PETITION FOR BAIL Under Sec. 439 Cr.P.C. ORDER : The Court Made the following order :- The petitioner is arrayed as A3 and he was arrested and remandd to judicial custody on 08.07.2011 for the alleged offences punishable under Sections 406 and 420 I.P.C. r/w Section 5 of Tamil Nadu Protection of Interest of Depositors Act in Crime No.2 of 2011 on the file of the respondent police and hence, seeks bail. 2.The learned counsel for the petitioner would submit that a false case has been foisted against him for the offences punishable under Sections 406 and 420 I.P.C. r/w. Section 5 of Tamil Nadu Protection of Interest of Depositors Act. He further submited that the petitioner is an innocent person and the investigation is considerably over and hence, he prays for enlargement on bail. 3. The learned Additional Public Prosecutor (Crl.Side) would submit that there are totally five accused in this case and the petitioner is arrayed as A3. He further submitted that there are totally twenty complaints were received against the petitioner and he has collected Rs.21,00,000/- from the public and the other petitioners are close relatives and the investigation is pending and hence, he prays for dismissal of this application. https://hcservices.ecourts.gov.in/hcservices/ 4. Considering the rival submissions made by both sides and also considering the fact that the petitioner is arrayed as A3 and he was in judicial custody from 08.07.2011 and the investigation is considerably over, I am inclined to grant bail to the petitioner with certain conditions. Accordingly, the petitioner is ordered to be released on bail on his executing a bond for a sum of Rs.10,000/- (Rupees Ten Thousand only) with two sureties each for a like sum to the satisfaction of the learned Special Judgte, TNPID Act, Madurai and on further condition that the petitioner shall appear before the Court concerned daily at 10.30 a.m. until further orders. Sd/- 26/09/2011 / TRUE COPY / Sub-Assistant Registrar (C.S.) Madurai Bench of Madras High Court, Madurai - 625 023. TO 1 THE SPECIAL JUDGE TNPID ACT, MADURAI 3 THE INSPECTOR OF POLICE ECONOMIC OFFENCES WING, TIRUCHIRAPALLI 3 THE ADDL PUBLIC PROSECUTOR MADURAI BENCH OF MADRAS HIGH COURT, MADURAI 4 THE SUPERINTENDENT CENTRAL PRISON, MADURAI +1. CC to M/S. D.SHANMUGARAJA SETHUPATHI Advocate SR.No.33130 ssk/28.09.2011 /6c -2p/- ORDER IN CRL OP(MD) No.12774 of 2011 Date :26/09/2011 https://hcservices.ecourts.gov.in/hcservices/