https://www.taxtmi.com/caselaws?id=390064 In a bail application arising from alleged corporate fraud, the Court held that the Section 212(6) embargo under the Companies Act, 2013 did not automatically bar release where the prosecution had not clearly shown concrete material connecting the applicant to the alleged fraud. The Court also relied on bail principles, noting that investigation was complete, the charge-sheet had been filed, there was no specific material of tampering or flight risk, and co-accused had already obtained bail or interim protection. On that basis, the applicant was entitled to bail subject to conditions. en-us Fri, 20 Dec 2019 00:00:00 +0530 Mon, 23 Dec 2019 12:32:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390064 In a bail application arising from alleged corporate fraud, the Court held that the Section 212(6) embargo under the Companies Act, 2013 did not automatically bar release where the prosecution had not clearly shown concrete material connecting the applicant to the alleged fraud. The Court also relied on bail principles, noting that investigation was complete, the charge-sheet had been filed, there was no specific material of tampering or flight risk, and co-accused had already obtained bail or interim protection. On that basis, the applicant was entitled to bail subject to conditions. Case-Laws Companies Law Fri, 20 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390064