Allowed

Jayprakash Jabbar Sharma v. the State of Maharashtra

Bombay HC13 Apr 2018BA/351/2018

Case brief

AI extract

What is this about?

In this criminal bail application, the Bombay High Court granted bail to the applicant. The applicant was accused of facilitating share purchases without actual payment using client codes. The court allowed bail subject to specific conditions including a bond amount and regular reporting to the police.

What did the court decide?

Enlargement on bail on execution of PR Bond of Rs. 30,000 with sureties and compliance with specified reporting and conduct conditions.

Jayprakash Jabbar Sharma Vs the State of Maharashtra — Cheque Dishonour | Bombay HC (2018)

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ba.351.18.18.doc

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IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL BAIL APPLICATION NO. 351 OF 2018

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Jayprakash Jabbar Sharma ...Applicant Versus The State of Maharashtra ...Respondent

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Mr. Rohit Sawant for the Applicant

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Ms. P. N. Dabholkar, A.P.P for the Respondent-State

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CORAM : REVATI MOHITE DERE, J. FRIDAY, 13th APRIL, 2018

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P.C. :

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Heard learned Counsel for the parties.

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By this application, the applicant seeks his enlargement on bail

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in connection with C.R. No. 144 of 2016 registered with the Vile Parle Police Station, Mumbai, for the alleged offences punishable under Sections 409, 420, 511 r/w 34 of the Indian Penal Code and under Section 72 of the Information Technology Act.

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Perused the papers. According to the prosecution, the

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applicant, working as a Senior Relationship Manager with Nirmal Bank Securities Pvt. Ltd. had told his brother i.e. the absconding accused to give

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the client code numbers and on receipt of the same, the applicant had given the said client code numbers to the co-accused Rajendra Prasad Chaudhari, who used the said client code numbers and placed orders to purchase shares worth Rs. 49,94,000/- of Symbiox Investment and Trading Ltd. on 3^rd May, 2016. Co-accused-Rajendra Prasad Chaudhari has been enlarged on bail by this Court vide order dated 2^nd April, 2018. Admittedly, no money was parted. The applicant is in custody since 20^th October, 2017. Investigation is complete and charge-sheet is filed. The applicant has no antecedents.

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Considering the aforesaid, the application is allowed and the

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applicant is enlarged on bail on the following terms and conditions :

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ORDER

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(i) The applicant be enlarged on bail, on executing PR Bond

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in the sum of Rs. 30,000/-, with one or more local solvent sureties in the like amount;

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(ii) The applicant shall attend the concerned Police Station

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on the first Sunday of every month from 10:00 a.m. to 11:00 a.m., till the conclusion of the trial;

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(iii) The applicant shall deposit his passport, if any, in the trial Court, before his release;

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(iv) The applicant shall not leave the Country without the permission of the trial Court;

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(v) The applicant shall not tamper with the evidence or attempt to influence or contact the complainant, witnesses or any person concerned with the case;

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(vi) The applicant shall inform his latest place of residence and mobile contact number and/or change of residence or mobile details, if any, from time to time to the Court seized of the matter and to the Investigating Officer of the concerned Police Station;

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(vii) The applicant to cooperate with the conduct of the trial;

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(viii) If there are two consecutive defaults in appearing before

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the trial Court or in reporting to the Investigating Officer and if there is a breach of any of the aforesaid conditions, the prosecution shall be at liberty to seek cancellation of the applicant's bail.

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The application is accordingly disposed of.

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It is made clear that the observations made herein are prima facie, and the trial Court shall decide the case on its own merits, in accordance with law, uninfluenced by the observations made in this order.

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All concerned to act on the authenticated copy of this order.

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REVATI MOHITE DERE, J.

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Jayprakash Jabbar Sharma v. the State of Maharashtra

Case brief

What is this about?

What did the court decide?

Jayprakash Jabbar Sharma v. the State of Maharashtra

Case brief

What is this about?

What did the court decide?

What the court decided

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