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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...
Regular bail under PMLA was sought by a woman accused allegedly involved in inducing victims to part with money, raising the issue whether continued judicial custody was warranted. The Court noted the long lapse between the alleged transactions and initiation of PMLA proceedings, that the principal accused was absconding, the applicant was not charge-sheeted for the predicate offence nor summoned in the related complaint, substantial restitution had already been made, and the investigation against her was complete with the prosecution complaint filed. Given likely protracted trial and absence of necessity for further custodial detention, regular bail was granted on bond and sureties subject to conditions. - HC
Regular bail under PMLA was sought by a woman accused allegedly involved in inducing victims to part with money, raising the issue whether continued judicial custody was warranted. The Court noted the long lapse between the alleged transactions and initiation of PMLA proceedings, that the principal accused was absconding, the applicant was not charge-sheeted for the predicate offence nor summoned in the related complaint, substantial restitution had already been made, and the investigation against her was complete with the prosecution complaint filed. Given likely protracted trial and absence of necessity for further custodial detention, regular bail was granted on bond and sureties subject to conditions. - HC
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