M. Sreenivasulu Reddy vs State Of Tamil Nadu

The Supreme Court addressed the conditions imposed by the High Court while granting anticipatory bail under Section 438 CrPC in a case involving allegations under Sections 420 and 409 IPC read with Section 120B IPC. The Court held that while the High Court can impose conditions, they must be reasonable and not arbitrary, aimed at preventing the accused from hampering the investigation. The Court upheld the requirement for the accused to pay a balance of Rs. 15 crores and modified one condition to allow for a corporate guarantee instead of direct payment, ensuring judicial discretion is exercised appropriately.