ORDER :

Petitioners being accused in Crime No.95/2019 registered by Chikkamagaluru Town Police for the offences punishable under Sections 406 & 420 of IPC, Section 66 of Information Technology Act, and under Sections 21 & 22 of Banning of Unregulated Deposit Schemes Ordinance 2019, are invoking the inherent jurisdiction of this Court for assailing the order dated 05.10.2019 rendered by the learned CJM, Chikkamagaluru whereby their applications filed under Sections 451 and 457 of Cr.PC, 1973 seeking release of their subject vehicles has been negatived; this apart, their bank accounts too have been ordered to be frozen.

2. After service of notice, the learned HCGP having entered appearance for the first respondent-State vehemently opposes the petition contending that: law requires custody of the subject vehicles being with the Police, regard being had to the nature of offence alleged; the learned Magistrate of the Court below having considered all aspects of the matter, has made discretionary order refusing to deliver custody of the subject vehicles to the petitioners herein; and lastly, it is unsafe to place the vehicles in the custody of the offenders, who may use the same for commis