Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
Specialized Investment Fund distribution now requires dedicated certification, while transitional recognition preserves existing qualified distributor...
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The HC held that the grounds for the petitioner's arrest were not duly communicated forthwith as mandated by Section 50 of Cr.P.C. and the SC's judgment in Pravir Purkayastha. It reiterated the settled position that any arrested person has a fundamental and statutory right to be informed about the grounds of arrest in writing at the earliest to enable consulting a lawyer, opposing remand, and seeking bail. Providing grounds of arrest is of utmost sanctity and significance. The HC ordered the petitioner's release on this technical non-compliance, without examining the merits, allowing the prosecution to proceed with investigation as per law.
The HC held that the grounds for the petitioner's arrest were not duly communicated forthwith as mandated by Section 50 of Cr.P.C. and the SC's judgment in Pravir Purkayastha. It reiterated the settled position that any arrested person has a fundamental and statutory right to be informed about the grounds of arrest in writing at the earliest to enable consulting a lawyer, opposing remand, and seeking bail. Providing grounds of arrest is of utmost sanctity and significance. The HC ordered the petitioner's release on this technical non-compliance, without examining the merits, allowing the prosecution to proceed with investigation as per law.
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