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Issues: Whether the petitioners were entitled to anticipatory bail and whether custodial interrogation was still necessary in the light of the materials collected and the stage of investigation.
Analysis: The allegations disclosed serious irregularities in the duty free shop operations, including disputed sales, stock discrepancies, and allied financial and regulatory violations. At the same time, the record showed rival allegations between the parties, including assertions of bias and counter-complaints, and the materials suggested that the transactions were largely supported by documents. The Court also noted that the investigation had substantially progressed and that much of the controversy arose from documentary material rather than matters requiring prolonged custodial interrogation.
Conclusion: The petitioners were granted anticipatory bail protection on conditions, and surrender before the investigating officers was directed for interrogation before release on bail.
Final Conclusion: The application was disposed of by extending conditional pre-arrest protection, subject to surrender, interrogation, and cooperation with the investigation.
Ratio Decidendi: Where the investigation is substantially documentary in nature and custodial interrogation is not shown to be necessary at the later stage, anticipatory bail may be granted with conditions to secure cooperation and investigation.