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Issues: Whether the petitioner was entitled to bail in the case arising from the allegations of cheating and misappropriation.
Analysis: The petition was considered in the context of the nature of the dispute, the stage of investigation, and the custody of the petitioner. It was noted that the charge-sheet had already been filed, the petitioner had appeared before the investigating agency, and further custodial interrogation was not required. The Court also took note of the background of connected civil and criminal proceedings while assessing whether continued detention was warranted.
Conclusion: Bail was granted to the petitioner.