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    <description>An application under section 439(2) CrPC for cancellation of bail was held maintainable. The bail order was found vulnerable because it had been granted mainly on the accused&#039;s willingness to compound the offence and make payment, without adequate consideration of the seriousness of the alleged economic offence, fake invoicing allegations, and prima facie material on record. The court treated this as a perverse exercise of discretion and reiterated that cancellation may follow where bail is granted in disregard of material circumstances in a serious crime, particularly where cogent and overwhelming reasons are required.</description>
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