JUDGMENT :

S.K. Sahoo, J. - The petitioner is an accused in Laxmisagar P.S. Case No. 45 of 2013 which corresponds to C.T. Case No. 797 of 2013 pending on the file of Smt. S.S. Mishra, J.M.F.C., Bhubaneswar for offences punishable under sections 420, 467, 468 read with sections 120-B and 34 of the Indian Penal Code. He has filed this application under section 439 Cr.P.C. for bail as his prayer for grant of bail was turned down by the learned Additional Sessions Judge, Bhubaneswar vide order dated 23.05.2016.

The petitioner approached this Court earlier on bail in BLAPL No. 2231 of 2015 which was allowed vide order dated 16.07.2015, inter alia, with condition that the petitioner shall furnish cash security to the tune of Rs. 50,00,000/- (Rupees Fifty lakh) in the shape of fixed deposit in any Nationalized Bank. It is submitted by the learned counsel for the petitioner that as the petitioner failed to comply with the terms and conditions imposed in the bail order, he could not be released from custody.

2. The factual matrix of the prosecution case as unfolded from the First Information Report lodged by one Chittaranjan Das of Satya Bihar, Palasuni, Bhubaneswar on 25.02.2013 before Inspec