ORDER

This is second bail application filed by applicant under Section 439 of Cr.P.C. for grant of regular bail relating to FIR No.09/2023 registered at Police Station-Lanji, District-Balaghat (MP) for the offence under Sections 21(1), 21(2), 21(3) of the Unregulated Deposit Scheme Banning Act, 2019 and Sections 420, 406, 120-B of the IPC.

2. Learned counsel appearing for the applicant submitted that applicant is innocent and has falsely been implicated in the case. Applicant is in jail since 07.01.2023. It is submitted that as per prosecution story one Raghunath Barsagre is said to have deposited Rs.3,15,000/- with the applicant. Applicant on its own under protest wants to make payment of Rs.3,15,000/- and same may be deposited in the Court. It is submitted that offence under Section 420 of the IPC is punishable with 7 years of imprisonment and offence under Section 2 1 of Unregulated Deposit Scheme Banning Act, 2019 is punishable with imprisonment not less than three years but may extend to ten year with fine.

Applicant is in jail for long time and investigation is complete and he is no required for custodial investigation in the case. In these circumstances, applicant may be r