Thus from cumulative perusal of the judgments cited on either side including the one rendered by the Constitution Bench of this Court, it could be deduced that the basic jurisprudence relating to bail remains the same inasmuch as the grant of bail is the Rule and refusal is the exception so as to ensure that the Accused has the opportunity of securing fair trial. However, while considering the same the gravity of the offence is an aspect which is required to be kept in view by the Court. The gravity for the said purpose will have to be gathered from the facts and circumstances arising in each case. Keeping in view the consequences that would befall on the society in cases of financial irregularities, it has been held that even economic offences would fall under the category of "grave offence" and in such circumstance while considering the application for bail in such matters, the Court will have to deal with the same, being sensitive to the nature of allegation made against the Accused. One of the circumstances to consider the gravity of the offence is also the term of sentence that is prescribed for the offence the Accused is alleged to have committed. Such consideration with regard to the gravity of offence is a factor which is in addition to the triple test or the tripod test that would be normally applied. In that regard what is also to be kept in perspective is that even if the allegation is one of grave economic offence, it is not a Rule that bail should be denied in every case since there is no such bar created in the relevant enactment passed by the legislature nor does the bail jurisprudence provides so. Therefore, the underlining conclusion is that irrespective of the nature and gravity of charge, the precedent of another case alone will not be the basis for either grant or refusal of bail though it may have a bearing on principle. But ultimately the consideration will have to be on case to case basis on the facts involved therein and securing the presence of the Accused to stand trial. {Para 21}
22. In the above circumstance it would be clear that even after concluding the triple test in favour of the Appellant the learned Judge of the High Court was certainly justified in adverting to the issue relating to the gravity of the offence.
IN THE SUPREME COURT OF INDIA
Criminal Appeal No. 1831/2019
Decided On: 04.12.2019
P. Chidambaram Vs. Directorate of Enforcement
Hon'ble Judges/Coram:
R. Banumathi, A.S. Bopanna and Hrishikesh Roy, JJ.
Author: A.S. Bopanna, J.
Citation: 2019 INSC 1317, MANU/SC/1670/2019
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