CPC Section 482: High Court Intervention Too Much or Enough?

Suppose a man is accused of murder under IPC Section 302 and is in judicial custody. His family gets him a good lawyer who files a bail application, but it's rejected by the sessions court. The lawyer then moves the high court under CPC Section 482 for quashing the FIR and granting bail. However, the HC rejects the petition, citing lack of evidence. The man still languishes in jail. My question is, did the HC overstep its bounds in not quashing the FIR? Shouldn't it have given him bail, considering the delay in trial and the accused's family circumstances?