Insolvency petition based on admitted debt and default upheld; challenge for malicious initiation rejected, settlement may proceed under resolution fr...
Quashing of FIR and challenge to ECIR over alleged diversion of funds and preferential ESOP pricing dismissed after prima facie money-laundering findi...
Absence of assessment proceedings under Sections 73 and 74 of the CGST Act did not bar criminal prosecution under Section 132, because those provisions concern assessment of the alleged violation and any favourable finding there may only bear on the prosecution. Bail was then granted because pre-trial detention is not punitive, the presumption of innocence continued to operate, the case rested mainly on documentary and electronic material, investigation was complete, the complaint had been filed, the offence was triable by a Magistrate, the maximum sentence was limited, and no exceptional circumstance showed risk of tampering, intimidation, absconding, or subversion of justice.
Absence of assessment proceedings under Sections 73 and 74 of the CGST Act did not bar criminal prosecution under Section 132, because those provisions concern assessment of the alleged violation and any favourable finding there may only bear on the prosecution. Bail was then granted because pre-trial detention is not punitive, the presumption of innocence continued to operate, the case rested mainly on documentary and electronic material, investigation was complete, the complaint had been filed, the offence was triable by a Magistrate, the maximum sentence was limited, and no exceptional circumstance showed risk of tampering, intimidation, absconding, or subversion of justice.
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