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Since the offences are bailable, the application is uncontested, and there are no compelling reasons to deny bail, the applicants are entitled to bail with conditions proportionate to their share of the subject matter value.
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The High Court granted the applicant bail pending trial in an economic crimes case, finding no compelling reason to refuse bail and applying a shared deposit principle.
The District Magistrate failed to comply with the mandatory statutory requirement to set bail at half the value of the property involved, divided equally among the accused, and thus the bail conditions were unlawful and must be revised.
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Bail is granted as the offence is bailable, and fairness requires the cash deposit to be apportioned among jointly charged accused persons rather than requiring each to deposit the full amount.
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