Proportionality in company penalty quantification requires aggravating and mitigating factors; mechanical multiplication of director liability is impe...
Page of 4813
Press 'Enter' after typing page number.
3341 to 3360 of 96257 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The petitioner, accused of money laundering under the Prevention of Money Laundering Act (PMLA), sought bail. The court held that Section 45 of PMLA imposes stringent conditions for granting bail, requiring the court to be satisfied that there are reasonable grounds to believe the accused is not guilty and is unlikely to commit an offence while on bail. The prosecution alleged the petitioner influenced a bank to sanction loans to Kiran P.P., from which the petitioner received Rs. 14 crore. The court found prima facie evidence supporting the allegations, including inconsistent statements, unexplained cash credits, and unaccounted capital in the petitioner's business. Relying on Supreme Court precedents, the court concluded there were no reasonable grounds to believe the petitioner was not guilty and denied bail, considering the serious nature of the accusations.
The petitioner, accused of money laundering under the Prevention of Money Laundering Act (PMLA), sought bail. The court held that Section 45 of PMLA imposes stringent conditions for granting bail, requiring the court to be satisfied that there are reasonable grounds to believe the accused is not guilty and is unlikely to commit an offence while on bail. The prosecution alleged the petitioner influenced a bank to sanction loans to Kiran P.P., from which the petitioner received Rs. 14 crore. The court found prima facie evidence supporting the allegations, including inconsistent statements, unexplained cash credits, and unaccounted capital in the petitioner's business. Relying on Supreme Court precedents, the court concluded there were no reasonable grounds to believe the petitioner was not guilty and denied bail, considering the serious nature of the accusations.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4813 
Join Channel 
