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Issues: Whether the petitioners were entitled to regular bail pending trial in view of the stage of trial, the nature of the allegations, and the custody already undergone.
Analysis: The petition arose from allegations of creation of a bogus firm, wrongful claim of input tax credit, and related offences under the penal and fiscal statutes. The investigation was complete, charges had been framed, and only two out of thirty four prosecution witnesses had been examined. The Court noted that the trial was likely to take considerable time and that continued custody would not serve any useful purpose. It also took note that the material witnesses were police officials and Excise Department officials, reducing the apprehension of witness influence. Without expressing any opinion on the merits, the Court found the custodial detention no longer necessary.
Conclusion: Regular bail was granted to the petitioners.
Final Conclusion: The petitioners were directed to be released on regular bail, and the matter was finally disposed of by allowing the petition.
Ratio Decidendi: When trial is likely to be delayed and further incarceration serves no useful purpose, regular bail may be granted even in serious allegations, provided the Court does not find a present necessity for continued custody.