Considering the submissions of learned counsel for the respective parties, regard being
had to the facts and circumstances of the case, considering the nature of the offence, fact t
hat vehicle has been already recovered, fact that charge sheet in this case has been filed an
d the fact that the petitioner being a local person, there is no chance of his absconding or i
nfluencing the witnesses, let the petitioner be released on bail on furnishing bail bond of Rs
.50,000.00 (rupees fifty thousand) with two solvent sureties each for the like amount to the s
atisfaction of the learned SDJM, Jharsuguda in G.R. Case No.587 of 2016 with the conditions th
at (i) The petitioner shall appear before the court in seisin over the matter on each date of
posting; (ii) he shall not tamper with the prosecution witnesses directly or indirectly; and (
iii) he shall not commit any offence while on bail.