Court recognized the implausibility of allegations regarding currency replacement, granting conditional release.

JUDGMENT

Date : 17-10-2025 This matter was called on for hearing today.

CORAM :

HON'BLE MR. JUSTICE MANOJ MISRA HON'BLE MR. JUSTICE UJJAL BHUYAN For Petitioner(s) : Mr. Darpan Km, Adv.

Ms. Amrita Sharma, Adv.

Mr. Rajat Jonathan Shaw, Adv.

Mr. Durgha Prakash, Adv. Ms. Easha Chandhok, Adv.

Ms. Rashi Bansal, AOR For Respondent(s) :

UPON hearing the counsel the Court made the following Signa ture No t Ve rifi ed O R D E R Digitally signed by CHETAN ARORA Date: 2025.10.18 Reason:

1. The contention of the learned Counsel for the petitioner is that allegations against the petitioner are in respect of replacing higher denomination foreign currency notes with lower denomination currency notes to misappropriate an amount of Rs. 6,74,047. It is submitted that such allegations, on the face of it, appear difficult to accept as how would one be able to replace same number of foreign currency notes with lower denomination currency notes.

2. It is submitted that the petitioner has been falsely implicated; he is prepared to co-operate with the investigation.

3. Issue notice, returnable in six weeks. 4. In the meantime, it is provided that in the event the Petitioner is arrested in connection with FIR No. 15/2025, P.S. Tirumala Town, Tirupati, he shall be released on a personal bond of Rs. 25,000/- subject to an undertaking that he shall cooperate in the investigation and make himself available for interrogation as and when required by the investigating agency.

He shall also submit an undertaking that he will not threaten the witnesses or tamper the evidence.