DEEPAK CHANDRATAN PAREEK Vs. UNION OF INDIA THROUGH CBI

Supreme Court of India (Division Bench (DB)- Two Judge)

Appeal (Crl.), 768-769 of 2017, Judgment Date: Apr 21, 2017

                                                              Non-Reportable
                        IN THE SUPREME COURT OF INDIA

                       CRIMINAL APPELLATE JURSIDCITON

                    CRIMINAL APPEAL NOS.768-769  OF 2017
            (Arising out of S.L.P. (Crl.) Nos.1891-1892 of 2017)



DEEPAK CHANDRATAN PAREEK                                         …APPELLANT

                                   VERSUS

UNION OF INDIA THROUGH CBI                                      …RESPONDENT




                                  O R D E R


S.ABDUL NAZEER, J.

1     Leave granted.
2     In these appeals the  appellant  is  aggrieved  by  the  judgment  and
orders of the High Court of Orissa at Cuttack dated 9th February,  2017  and
6th January, 2017 in MCN No.42 of 2017 and BA No.4542 of  2015,  imposing  a
condition to deposit cash security of Rupees two  crores  in  the  shape  of
fixed deposit STDRs for releasing him on bail.
3     Having heard learned senior counsel appearing  for  the  appellant  as
well as learned counsel for the respondent, we are  of  the  view  that  the
direction to deposit  a  sum  of  Rupees  two  crores  as  a  condition  for
releasing  him  on  bail  is  onerous.   Having  regard  to  the  facts  and
circumstances of the case, we direct him  to  furnish  a  cash  security  of
Rupees one crore in the shape of  fixed  deposit  STDRs  obtained  from  any
nationalized bank. Condition  No.2  of  the  order  of  the  High  Court  is
modified to that extent. In all other respects, the judgment  and  order  of
the High Court is sustained.

4     The appeals are disposed of accordingly.



                                                             …………………………………J.
                                                            (J. CHELAMESWAR)



                                                             …………………………………J.
                                                           (S. ABDUL NAZEER)
New Delhi;
April 21, 2017.