Considering the submission and keeping in view the accusation against the petitioner and other surrounding circumstances of the case, it is directed that in the event the petitioner surrenders before the Court in seisin of the case within eight weeks hence, he shall be released on bail on such terms and conditions as would be deemed just and proper by the said court with further condition that the petitioner without prejudice to his defence would deposit a sum of Rs.3,00,000/(Rupees three lakhs) before the said court which shall be kept under long term fixed deposit in any Nationalized Bank and would be renewed from time to time as the court deems proper, whose disbursement/ release shall be subject to the final order as would be passed at the conclusion of the trial.