https://www.taxtmi.com/caselaws?id=283065 Anticipatory bail under Section 438 requires a careful judicial assessment of the facts and the seriousness of the alleged offence. Where the investigation disclosed a large-scale foreign exchange fraud and material sufficient to justify further inquiry, the earlier grant of anticipatory bail was an improper exercise of discretion and was set aside. The release of co-accused on default bail under Section 167(2) did not create any entitlement for the respondent, particularly where the respondent had contributed to delay and the agency still required his interrogation. Relief was therefore declined in the serious economic offence case. en-us Tue, 05 Aug 1997 00:00:00 +0530 Thu, 05 Sep 2019 17:20:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283065 Anticipatory bail under Section 438 requires a careful judicial assessment of the facts and the seriousness of the alleged offence. Where the investigation disclosed a large-scale foreign exchange fraud and material sufficient to justify further inquiry, the earlier grant of anticipatory bail was an improper exercise of discretion and was set aside. The release of co-accused on default bail under Section 167(2) did not create any entitlement for the respondent, particularly where the respondent had contributed to delay and the agency still required his interrogation. Relief was therefore declined in the serious economic offence case. Case-Laws Indian Laws Tue, 05 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283065