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Issues: Whether the applicant was entitled to be released on bail in the pending criminal case.
Analysis: The application was considered on the basis of the custody period, the filing of the charge-sheet, the nature of the allegations, the amount involved, and the material available on record regarding the applicant's role. The Court found that these factors justified release on bail. Conditions were imposed for appearance before the trial court and compliance with the statutory bail conditions.
Conclusion: Bail was granted to the applicant.