Admissibility of electronic evidence bars undervaluation demands where printouts, retracted statements and no cross-examination leave the case unprove...
Limitation in oppression and mismanagement proceedings: prior knowledge of removal and dilution barred the challenge, with valuation directions upheld...
Insolvency professional agency governance rules amended to add nominee directors, tighten independent director eligibility, and regulate managing dire...
Regular bail under the PMLA was sought on allegations that the accused was the ultimate beneficiary of a well-orchestrated fraud involving diversion and layering of public funds causing major loss to public sector banks. The Court held that bail must turn on case-specific assessment of gravity, prescribed sentence, and the object of the special statute, and that economic offences cannot be mechanically grouped to deny bail. It further held that Article 21's guarantee of speedy trial applies irrespective of the offence's seriousness; here, trial delay was attributable to the prosecution's challenge and consequent stay, not the accused, and alleged dissipation of proceeds was unsupported by material. Regular bail was granted. - SC
Regular bail under the PMLA was sought on allegations that the accused was the ultimate beneficiary of a well-orchestrated fraud involving diversion and layering of public funds causing major loss to public sector banks. The Court held that bail must turn on case-specific assessment of gravity, prescribed sentence, and the object of the special statute, and that economic offences cannot be mechanically grouped to deny bail. It further held that Article 21's guarantee of speedy trial applies irrespective of the offence's seriousness; here, trial delay was attributable to the prosecution's challenge and consequent stay, not the accused, and alleged dissipation of proceeds was unsupported by material. Regular bail was granted. - SC
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4814 
Join Channel 
