BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT ( Criminal Jurisdiction ) Wednesday, the Twenty Second day of June Two Thousand Eleven PRESENT The Hon`ble Mr.Justice R.S.RAMANATHAN CRL OP(MD) No.6639 of 2011 D.STEPHEN ... PETITIONER/1ST ACCUSED Vs STATE REP.BY, THE INSPECTOR OF POLICE, ECONOMIC OFFENCES WING -II, NAGERCOIL, KANYAKUMARI CR.NO.2/11 ... RESPONDENT/COMPLAINANT For Petitioner : M/S. T. SELVAKUMARAN 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 was arrested and remanded to judicial custody on 07.05.2011 for offence under Sections 409 and 420 I.P.C. and Section 5 of TNPID Act 1997, in Crime No.2 of 2011, on the file of the respondent police and hence, seeks bail. 2. It is submitted by the learned counsel for the petitioner that the petitioner is prepared to deposit a sum Rs.4 Lakhs to show his bonafide and only after coming out of bail, he can mobilise the funds to repay the balance amount to various persons and therefore, the petitioner may be released on bail. 3. The learned Additional Public Prosecutor submitted that the petitioner has failed to repay a sum of Rs.18 Lakhs to various depositors and therefore, the petitioner was arrested. 4. Considering the fact that the petitioner is prepared to deposit a sum of Rs.4 Lakhs and also undertakes to repay the balance amount within a period of six months and he is in custody from https://hcservices.ecourts.gov.in/hcservices/ 07.05.2011 and he can mobilise the amount only after the grant of bail, this Court is inclined to grant bail to the petitioner. 5.Accordingly, the petitioner is ordered to be released on bail, subject to the following stringent conditions:- (i) The petitioner shall deposit a sum of Rs.4,00,000/- (Rupees Four Lakhs Only) before the Judicial Magistrate No.I, Madurai; (ii) On such deposit the petitioner shall execute 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 Judicial Magistrate No.I, Madurai; and (iii) The petitioner shall appear before the respondent police daily at 10.30 a.m., for a period of four weeks and thereafter as and when required for interrogation. Sd/- 22/06/2011 / TRUE COPY / Sub-Assistant Registrar (C.S.) Madurai Bench of Madras High Court, Madurai - 625 023. TO 1 THE JUDICIAL MAGISTRATE NO.I MADURAI 2 THE CHIEF JUDICIAL MAGISTATE MADURAI 3 THE INSPECTOR OF POLICE, ECONOMIC OFFENCES WING -II, NAGERCOIL, KANYAKUMARI 4 THE ADDL PUBLIC PROSECUTOR MADURAI BENCH OF MADRAS HIGH COURT, MADURAI +1. CC to M/S. T. SELVAKUMARAN Advocate SR.No.19500 ssk/23.06.2011 /6c -2p/- ORDER IN CRL OP(MD) No.6639 of 2011 Date :22/06/2011 https://hcservices.ecourts.gov.in/hcservices/