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Issues: Whether the petitioner was entitled to bail in a case involving allegations of cheating, criminal breach of trust, forgery and conspiracy, despite the seriousness of the allegations and the large number of alleged victims.
Analysis: The charge-sheet had already been filed, yet no witness had been examined and the trial had not commenced in any meaningful sense. The Court noted that the case involved a very large number of witnesses and complaints, making an early conclusion of trial unlikely. While the gravity of the accusations and the maximum punishment prescribed for the offence were relevant considerations, pre-trial detention could not be prolonged indefinitely where investigation was complete and the likelihood of trial completion in the near future was remote. The principle that bail secures attendance at trial, rather than serving as punishment, was applied.
Conclusion: The petitioner was held entitled to bail and was directed to be released on furnishing bail bond and sureties, subject to specified conditions.