Regular bail may follow completed investigation and unsupported disclosure statement, with no recovery made against the accused.

Regular bail was granted in a tax and allied penal case where the principal incriminating material was the petitioner's disclosure statement, but no recovery was made on its basis. The investigation had been completed, the challan had been filed, and the petitioner had already spent about four months in custody. The note reflects the principle that, once investigation is over and the prosecution case rests mainly on an unsupported disclosure statement, bail may be considered, without any comment on the merits of the ations.

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Issues: Whether the petitioner was entitled to regular bail in view of the nature of the allegations, the stage of investigation, and the material collected against him.

Analysis: The petition concerned regular bail in a case involving allegations under the tax law and allied penal provisions. The material noted by the Court showed that the primary incriminating circumstance against the petitioner was his disclosure statement. The State did not dispute that no recovery had been made in pursuance of that disclosure. The petitioner had been in custody for about four months, the investigation had been completed, and the challan had already been presented. The Court also recorded that it was not commenting on the merits of the accusations.

Conclusion: The petitioner was held entitled to regular bail.

Final Conclusion: Release on regular bail was directed on furnishing the required bail and surety bonds before the trial court or the concerned magistrate.

Ratio Decidendi: Where the investigation is complete, challan has been filed, and the principal material is a disclosure statement unsupported by recovery, regular bail may be granted.

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