Criminal Procedure Code (2 of 1974), S.438 – Anticipatory bail – Economic Offences – IPC S. 420, 465, 467, 471 – Allegations that the accused misrepresented as the Company Director, obtained a loan by mortgaging company premises, defrauded customers and the Bank – Anticipatory bail discretion should not be exercised lightly in economic offences, large scale offences, cheating, and fraud – Nature and gravity of the offence should be considered – Some offences alleged were punishable with imprisonment up to 7 years, and U/S.467 was punishable with life imprisonment or imprisonment up to 10 years – Anticipatory bail, set aside.