In Brief
The appellant was arrested for money laundering offences under the PMLA, 2002, and remained in custody for 60 days without a charge sheet being filed. He applied for bail by default on day 61. The prosecution filed a charge sheet one day later. The Court held that an accused who applies for default bail and is willing to furnish bail exercises a statutory right that cannot be defeated by subsequently filing a charge sheet. The appellant was entitled to bail under Section 167(2) of the Criminal Procedure Code. The appeal was allowed and bail was granted on specified conditions."
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