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Issues: Whether the condition requiring furnishing of a bank guarantee of Rs. 50 lakhs as a condition of bail was legally sustainable.
Analysis: The appellant had already furnished a personal bond of Rs. 1 crore with two sureties of like amount, and the impugned bank guarantee condition was examined in light of the governing principles on bail conditions. Considering the nature of the case, the existing bond and surety arrangement, and the legal position relied upon, the additional bank guarantee was found to be excessively onerous and unsustainable.
Conclusion: The condition requiring furnishing of a bank guarantee of Rs. 50 lakhs as a condition of bail was set aside.