The applicant is the accused in Criminal Case No.894/PW/2010 pending before the Metropolitan Magistrate's 69th Court at Mazgaon, Mumbai. The case arises out of C.R.No.205/10 registered at the Nagpada Police Station in respect of offences punishable under sections 406 IPC, 420 IPC and 120B of the IPC. as also offences punishable under sections 4, 5, and 6 of the Price Money Circulation (Banning) Act, 1978. The applicant was arrested on 28th August 2010. He remained in custody for quite some time. He was released on bail by this Court (Coram R.P. Sondur Baldota, J) by an order dated 12th December 2011. On an application made by the City Group Investors Association of which the First Informant is the President, the bail granted to the applicant was cancelled by this Court (Coram Abhay M. Thipsay, J) by an order dated 13th July 2013. The challenge to the said order as given by the applicant by approaching Supreme Court of India, failed. The applicant was then again taken into custody. It is thereafter that the present application for bail has been moved, seeking bail afresh.

2. The application was taken up for hearing long back, but the hearing thereof was delayed because of