The Supreme Court Bench comprising of Justice Aniruddha Bose and Justice Rajesh Bindal has set aside a pre-bail condition imposed by the High Court for furnishing Bank Guarantee worth Rs. 2 Crore by the accused(Karandeep Singh v CBI). The Bench has modified the condition by directing the Accused to deposit a bail bond of Rs. 5 Lakhs instead. The Bench has held as under:
“Instead of the requirement of furnishing Bank Guarantee, we direct that the appellant shall furnish a bail bond for Rs. five lakhs in each of the two orders for bail, under appeal before us. Rest of the conditions contained in the orders impugned shall remain and would have to be complied with by the appellant for being enlarged on bail”.