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Issues: Whether the appellant was entitled to bail and whether the impugned order rejecting bail could be sustained.
Analysis: At the stage of bail, a detailed examination of evidence is impermissible. The relevant considerations are the existence of a prima facie case, the possibility of tampering with evidence or influencing witnesses, and the possibility of absconding, along with the gravity of the offence. The impugned order was found to be internally inconsistent because it stated that prima facie assessment was not necessary at the bail stage, yet proceeded to record prima facie findings on the offence. The Court also noted that custodial interrogation had already been completed, the appellant had remained in custody, the evidence was largely documentary and already with the investigating agency, and the charge-sheet had been filed. The apprehension of witness influence could be addressed by appropriate conditions.
Conclusion: The appellant was held entitled to bail, and the rejection of bail by the High Court was not sustained.
Ratio Decidendi: At the bail stage, courts must avoid detailed evaluation of evidence, and where custodial interrogation is complete and the material is largely documentary, bail may be granted despite seriousness of the allegations if appropriate safeguards can address apprehensions of witness influence.