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Issues: Whether the applicant, in a successive bail application under Section 439 of the Code of Criminal Procedure, 1973, was entitled to regular bail pending trial.
Analysis: The allegations were serious and involved a large-scale alleged misappropriation, but investigation had concluded and both the charge-sheet and supplementary charge-sheet had been filed. The applicant had remained in custody for a substantial period, the trial had not commenced, the case involved numerous accused and a voluminous documentary record, and there was no demonstrated misuse of liberty when the applicant had earlier been released on temporary bail. The Court also noted that the prosecution had not shown a convincing apprehension of absconding or tampering with evidence and that prolonged incarceration of an undertrial would engage the right to speedy trial.
Conclusion: The applicant was entitled to bail subject to stringent conditions, including execution of bond, sureties, travel restrictions, periodic presence, and monetary deposit.