Can an application under section 438 of the Code of Criminal Procedure code (‘the code’, for Short) for anticipatory bail be permitted to be withdrawn?

2. Accordingly to prosecution petitioner’s husband (A9) was the President of a Bank and he is an active politician also. In Pursuance of criminal conspiracy hatched among him and various accused including petitioner (A21) an amount of Rs. 75 lakhs (which is more than the permissible limit of loan which could be sanctioned by the Bank) was advanced to petitioner’s firm, on the strength of mortgage by deposit of title. Thereafter, the title deeds which were deposited in Bank were clandestinely taken out by the accused from the Bank and properties covered by the deeds were sold. The President, Secretary, other office bearers of the Bank and loanees criminally conspired to commit offences of misappropriation, forgery, falsification of accounts etc., and caused huge loss to the bank by misappropriation of its funds. Various other amounts were also granted in the same manner to various other persons also, as loan. The offences alleged are under sections 120 B. 406, 420,465,468, 477A IPC.

.3. This is the second application for an