V.K. SHALI, J. 1. This is a bail application filed by the petitioner under Section 439 Cr.P.C. for an offence under Section 120B IPC and Section 7, 8, 12, 13(2) read with section 13(1)(d) of the Prevention of Corruption Act, 1988 registered by the respondent vide case no. 03(A)09-ACU-IX.

2. Briefly stated the facts of the prosecution case are that CBI had received an information from a reliable source that one Manoj Kumar Banthia was approached by Ankur Chawla, Advocate representing a faction of M/s Amar Ujala Publications who was to get in touch with Sh. R. Vasudevan, present petitioner Member of Company Law Board for getting a favourable judgment in the matter of appointing an independent President of the Amar Ujala Publication. It was allegedly revealed that a case relating to Amar Ujala Publication was pending before Mr. R. Vasudevan, the present petitioner Member of Company Law Board who had allegedly demanded and agreed to accept an illegal gratification of Rs. 7,00,000/- from Manoj Kumar Banthia. It is further alleged that Manoj Kumar Banthia in turn demanded Rs.10,00,000/- from Ankur Chawla. The information was that this illegal gratification of Rs.10,00,000/- wil