(1.) THIS is an application under Section 439 Cr.P.C. for releasing the petitioner on bail in FIR No. 164 of 2011 dated 7.8.2011 registered at Police Station, Dharamshala, under Sections 489 -B and 489 -C IPC.
(2.) IT has been stated that petitioner was arrested on 7.8.2011. The prosecution case against the petitioner is that on 7.8.2011 the complainant Rajesh Kumar, Shopkeeper at Chamunda informed the police that one person had purchased one watch from one shopkeeper Tenzin and gave him note of Rs. 1000/ - which appeared to be fake one. The police came on the spot and conducted search of the petitioner and on his personal search 26 fake currency notes of Rs. 1000/ - and 7 fake currency notes of Rs. 500/ - total amounting to Rs. 29,500/ - were recovered. It has been stated that the petitioner is innocent, he has been falsely implicated in the case. The petitioner is in custody for the last several months. The petitioner is the only bread earner of the family with aged and ailing parents. The investigation in the case is complete, challan has been submitted in the Court. The trial of the case will take some time. The petitioner is ready to furnish the bail bonds in accordance with the direction of this Court. The petitioner earlier filed bail applications which have been dismissed by the learned Courts below. Prayer has been made for releasing the petitioner on bail.
(3.) HEARD and perused the police file. The petitioner has been found using fake currency and fake currency notes worth Rs. 29,500/ - were recovered from the petitioner. It has been stated in the status report that only 6 PWs are left for examination for which dates have been fixed in the Court of Additional Sessions Judge, Fast Track Court, Dharamshala on 26, 27.4.2012. It is not a case where an isolated note was recovered from the petitioner. In this case fake currency worth Rs. 29,500 / - was recovered from the petitioner and petitioner was found using fake currency by purchasing a watch from the shopkeeper. The other suspect Mukhtiar Singh has absconded. The petitioner is resident of Punjab. The prosecution has apprehension that in case the petitioner is released on bail then he will abscond. It will be very difficult to procure his presence to face the trial. Only six PWs are left for examination for which the dates have already been fixed on 26, 27.4.2012. The fake currency is a very serious offence and it adversely affects the economy of the country. In the recent past the use of fake currency notes is increasing. Therefore, keeping in view the seriousness of the offence and the apprehension of the prosecution that it will be very difficult to procure the presence of the petitioner to face the trial, the petitioner is not entitled to bail. Accordingly, the bail application of the petitioner is dismissed.