Criminal Procedure Code, 1973 (2 of 1974), S. 445 – bail bond – Fixed deposit or electronic transfer, or creating a lien over the bank account, in place of cash or sureties is likely to improve the possibility of the accused's attendance because they would be aware that their money is safe and accruing interest – They would also keep in mind that failure to appear shall lead to the forfeiture of the money – It is further likely to motivate them not to default even once – In contrast, the risk of losing money handed over by cash to stock sureties is enormous. There is hardly any assurance or likelihood of the refund of money taken by a stock surety – To ask an accused to handover a fixed deposit or make an electronic transfer, or bank lien would be in tune with the Legislative intention under Section 445 CrPC.
read HERE (2022-1)205 PLR 351, 2022 PLRonline 5253
