https://www.taxtmi.com/caselaws?id=109585 Bail was granted in a case involving alleged offences under the Indian Penal Code and the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999, because pre-trial custody is not punitive and could not be justified merely to pressure recovery of investors' money. The Court found no substantiated need for custodial interrogation, noted that investigation had substantially progressed, and accepted that the applicants could cooperate with the investigating officer without remaining in custody. It also found no material showing a risk of flight or tampering with evidence. Release was made subject to protective conditions, including a personal bond, cash security, cooperation with investigation, surrender and retention of passports, and restrictions on travel. en-us Thu, 15 May 2003 00:00:00 +0530 Tue, 10 Apr 2012 18:21:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109585 Bail was granted in a case involving alleged offences under the Indian Penal Code and the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999, because pre-trial custody is not punitive and could not be justified merely to pressure recovery of investors' money. The Court found no substantiated need for custodial interrogation, noted that investigation had substantially progressed, and accepted that the applicants could cooperate with the investigating officer without remaining in custody. It also found no material showing a risk of flight or tampering with evidence. Release was made subject to protective conditions, including a personal bond, cash security, cooperation with investigation, surrender and retention of passports, and restrictions on travel. Case-Laws Companies Law Thu, 15 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109585