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2009 Supreme(Bom) 679

A.S.OKA
Ganeshanan Lakshmanan – Appellant
Versus
State of Maharashtra – Respondent


Advocates appeared:
VISHWAJEET S. KAPSE i/by PRAVEEN L. SINGH and MADHURA U. JOSHI, for Petitioners.
S. R. BORULKAR, Public Prosecutor with H. J. DEDHI, APP for State.
H. V. MEHTA, for C.B.I..

JUDGMENT:- The petitioners are accused nos.7 and 8. The offences against the petitioners are registered with the Economic Offences Wing. Mumbai. They were arrested. The petitioners were charged with sections 120-B, 409.411, 420, 467, 468 and 471 of the Indian Penal Code. The learned Magistrate declined to grant the bail. The petitioners applied before the Sessions Court for grant of bail. The learned Special Judge by order dated 7th February, 2009 granted bail in favour of the petitioners. The petitioners were ordered to be released on bail on executing a P.R. Bond of Rs.50,000/each with solvent surety in the like amount within three weeks. It was directed that in the meanwhile the petitioners shall be released on cash bail of Rs.25,000/- each. Accordingly, cash bail was furnished by the petitioners. The petitioners applied for modification of bail order. By order dated 24th February, 2009, the learned Special Judge declined La grant prayer for reducing the amount of surety to Rs.15,000/-each from Rs.50,000/- each and for permitting ordinary surety instead of solvent surety. The learned Special Judge also rejected the prayer made in the alternative for reducing the amount of surety






































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