The Applicant was arrested on 02.02.2013 in connection with the C.R. No.55/2013 registered with the Mulund Police Station, Mumbai. The Applicant is alleged to have committed the offence punishable under Sections 419, 420 r/w 34 of the Indian Penal Code and Sections 66A and 66B of the Information Technology Act, 2000. Subsequently, the charges under Sections 467, 468 and 471 of the Indian Penal Code have been added.

2. The Applicant is involved in accessing the bank accounts of the account holders and withdrawing the sums by the process known as "Online Banking". The Applicant is supposed to have withdrawn certain sums. The offences alleged are pertaining to the banking transaction. The investigation can proceed, but for that purpose the Applicant need not be detained in custody and particularly after he has been in custody since 02.02.2013. For all these reasons and when the offence is based on documents that the following order will serve the ends of justice:-

(a) The Applicant (Troy Ralph Pereira) arrested in connection with C.R. No.55/2013 registered with Mulund Police Station, Mumbai shall be enlarged on bail in the sum of Rs.20,000/- (Rupees Twenty Thousand) with o