thousand only) from any nationalized bank, and on such an application being made, if it is the first offence in which the vehicle is involved, the interim custody of vehicle shall be handed over to the petitioner, on production of original R.C.Book and on petitioner further giving an undertaking that he shall not transfer or alienate the vehicle to third party in any manner, shall not encumber or alter the physical features of the vehicle and would produce the same as and when directed before any Court or competent authority, till the criminal proceedings are completed.