Additional Sessions Judge Sidharth Sharma granted the relief to one Ajay Maini on a personal bond of Rs one lakh and surety of the like amount, saying that he cannot be kept in custody without trial as a punishment.
The court, however, directed the accused not to induce or threat any witness in the case and influence the probe.
During the arguments, Vijay Aggarwal, the counsel for the accused, told the court that his client was not required for further custodial interrogation.
The case pertained to alleged fraud in the payments during the sale and purchase of a property in Shanti Niketan area of south west Delhi in 2015.
The case was registered by a woman to whom the property belonged.
She had claimed that the accused had handed her over four cheques totalling more than Rs 10 crore in order to make the payments and got the property registered in his name.
The accused, however, refused to pay the money later.
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