The petitioner is the 2nd accused in Crime No.842/2020 of Perinthalmanna Police Station which was registered for the offences punishable under Sections 406 , 420 and 506 read with Section 34 of the Indian Penal Code ( IPC ) and also under Sections 3 and 4 of the Prize Chits and Money Circulation Schemes (Banning) Act, 1978 . The offence under Section 21 of the Banning of Unregulated Deposit Schemes Act was also alleged.

2. The petitioner was arrested in connection with the aforesaid crime, and as per Annexure A order, statutory bail was granted to the petitioner under Section 167 (2) of Cr.P.C. However, in Annexure A order, the petitioner was directed to deposit an amount of Rs.3,00,000/- as one of the conditions for bail. The petitioner challenges Annexure A order in this Crl.M.C to the extent of imposition of the said condition.

3. Heard Sri.K.Rakesh, the learned counsel appearing for the petitioner and Sri.M.P.Prashanth, the learned Public Prosecutor appearing for the State.

4. The contention of the learned counsel for the petitioner is that, the condition directing the petitioner to deposit an amount of Rs.3,00,000/- is onerous and is unwarranted. It is also contended