Justice A S Dave maintained that it was not proper to give bail at this point of time as investigations into the case are underway and the chargesheet not yet filed.
Following this, Shah, through his counsel Prakash Thakkar, withdrew his bail application.
During the argument, Thakkar said that the mishap was unintentional and that the two persons riding a bike, who died in the accident, were coming from the wrong side.
The lower court had rejected the bail application based on reports submitted by RTO and the forensic lab that the BMW car, carrying a Chandigarh registration number, clocked the speed of over 135 kmph when it knocked down the bike.
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On February 25, Shah (27) had allegedly rammed his BMW into the motorcycle carrying two persons in the Judges Bungalow area of the city, flinging them off the two-wheeler.
Shah was booked by police under IPC section 304 (culpable homicide not amounting to murder).
According to police, the car dragged the bike for about 35 metres before ramming into a tree, which almost got uprooted.