This court is not of the opinion that applicant deserves concession of bail as the case against him has serious repercussions . Hence, application in hand is hereby dismissed.
Bail application— In the instant case, it has been contended on behalf of the applicant that he has been falsely implicated in this matter and has also been illegally arrested.
It is a case where the allegation against the present applicant/accused is that he, being the mastermind behind establishing and registering bogus firms in the name of various persons, was also involved in the issuance of invoices without the actual movement of the goods. In this manner, such transactions were carried out to earn commission out of them.
The investigation is still pending and, there, has been material recovered reflecting connivance/participation of the accused in the commission of offence and receiving cash from the bogus firms in the form of cash entries in the record. In these circumstances, this court is of the opinion that granting concession of bail to the accused at this stage will definitely prejudice the fair investigation into the matter.
Held that— An accused cannot invoke the said instructions as of right to obtain bail when the case against him has serious repercussions not only on individual but on society as a whole as well. Hence, in this case although maximum punishment awardable for the offences under consideration is 5 years, this court, for the above discussed reasons, is not of the opinion that applicant deserves concession of bail.