Anticipatory bail granted on innocence claim and cooperation undertaking, subject to bail bond and statutory conditions.

Anticipatory bail was granted on the applicant's claim of innocence, asserted lack of direct involvement in the alleged fraudulent transaction, and undertaking to cooperate with the investigating agency and appear at trial. The relief was made conditional on execution of a bail bond with sureties and compliance with the statutory conditions attached to anticipatory bail under Section 438(2) CrPC. The decision turned on the applicant's willingness to assist the investigation and the absence of direct attribution in the allegations, resulting in pre-arrest protection subject to imposed safeguards.

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Issues: Whether the applicant was entitled to anticipatory bail in connection with the alleged offences.

Analysis: The application was considered on the basis of the applicant's claim of innocence, the asserted absence of direct involvement in the alleged fraudulent transaction, and the assurance of cooperation with the investigating agency and participation in the trial. The Court granted the privilege of anticipatory bail, subject to execution of a bail bond and sureties, and compliance with the conditions attached to such relief under Section 438(2) of the Code of Criminal Procedure, 1973.

Conclusion: Anticipatory bail was granted to the applicant subject to the stipulated conditions.

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