Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
Insolvency moratorium does not shield company officers from cheque dishonour prosecution for liability arising before corporate insolvency proceedings...
Personal liberty governs bail assessment for economic offences punishable up to seven years: arrest and continued custody require compelling justification and cannot rest solely on the seriousness of alleged tax evasion. The text notes that courts should apply the triple test, including risks of absconding, influencing witnesses, or obstructing proceedings, while considering whether investigation can continue without incarceration. Where the complaint was filed, charges were framed, a co-accused was on bail, and witnesses were official witnesses unlikely to be influenced, continued custody was considered unwarranted. Bail was granted subject to bond and court-imposed conditions.
Personal liberty governs bail assessment for economic offences punishable up to seven years: arrest and continued custody require compelling justification and cannot rest solely on the seriousness of alleged tax evasion. The text notes that courts should apply the triple test, including risks of absconding, influencing witnesses, or obstructing proceedings, while considering whether investigation can continue without incarceration. Where the complaint was filed, charges were framed, a co-accused was on bail, and witnesses were official witnesses unlikely to be influenced, continued custody was considered unwarranted. Bail was granted subject to bond and court-imposed conditions.
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