https://www.taxtmi.com/caselaws?id=106600 Bail in a foreign exchange investigation was considered against the seriousness of the alleged violations, including sale of shares outside the stock exchange, absence of Reserve Bank approval, and non-compliance with summons. The Court treated the continuing stage of investigation, the incompleteness of evidence gathering, and the need to examine material outside India as significant factors. It held that the usual preference for bail could be displaced where release was likely to prejudice or frustrate the inquiry, and the bail application was rejected. en-us Wed, 09 Jan 2002 00:00:00 +0530 Wed, 14 Mar 2012 18:24:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106600 Bail in a foreign exchange investigation was considered against the seriousness of the alleged violations, including sale of shares outside the stock exchange, absence of Reserve Bank approval, and non-compliance with summons. The Court treated the continuing stage of investigation, the incompleteness of evidence gathering, and the need to examine material outside India as significant factors. It held that the usual preference for bail could be displaced where release was likely to prejudice or frustrate the inquiry, and the bail application was rejected. Case-Laws Companies Law Wed, 09 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106600