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Issues: Whether the cancellation of anticipatory bail was justified in view of the allegations of corruption, misappropriation of public funds, and the need for custodial interrogation.
Analysis: The relief of anticipatory bail is discretionary and must be assessed on the facts of each case, with due regard to the need for a free, fair, and effective investigation. In a case involving serious allegations of criminal misappropriation of public money and offences under the anti-corruption law, the Court found that the investigation had been impeded because custodial interrogation of the accused could not be undertaken. The gravity of the accusations and the investigative necessity outweighed the plea for continued pre-arrest protection.
Conclusion: The cancellation of anticipatory bail was upheld and the challenge to it failed.
Final Conclusion: The appeals did not succeed, and the order cancelling anticipatory bail remained in force.
Ratio Decidendi: Anticipatory bail may be cancelled where the allegations are grave, involve corruption or misappropriation of public funds, and custodial interrogation is necessary for an effective investigation.