Court vide order dated 19.12.2018 passed in BLAPL No.5799 of 2018. He further submits that virtually, the financial implications covered in the present case to a great extent form the subject matter of that case. It is his submission that in that case, when this Court, while directing the release of the petitioner on bail, had imposed a condition of furnishing cash security of Rs.75,00,000/- (rupees seveny-five lakhs), the Hon’ble Apex Court had modified the same and instead, has permitted the petitioner to produce security by way of immovable property. Inviting the attention of this Court to the affidavit of the wife of the petitioner, he submits that immovable property worth Rs.2,07,85,349/- standing in the name of the petitioner’s company is already under attachment and that with the property security of Rs.75,00,000/- as per the order of the Hon’ble Apex Court squarely meet the claim of the investors. Under the circumstance, he prays for grant of bail to the petitioner without imposing cash security, which he is not in a position to furnish in view of his long detention in custody and attachment, as above when he has also no other source for arranging funds.
