https://www.taxtmi.com/caselaws?id=391962 Section 212(6) of the Companies Act, 2013 imposes mandatory twin conditions for bail in economic offences: the Court must be satisfied that there are reasonable grounds to believe the accused is not guilty and is not likely to commit any offence while on bail. Section 212(7) makes these restrictions additional to the ordinary bail framework under the Code of Criminal Procedure, 1973. On the alleged large-scale fabrication of documents, account manipulation and diversion of funds, the HC found that this satisfaction could not be recorded and that the seriousness of the offence and the petitioner's attributed role also justified refusal of bail under Section 439 CrPC. Bail was rejected. en-us Mon, 27 Jan 2020 00:00:00 +0530 Tue, 11 Feb 2020 07:36:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391962 Section 212(6) of the Companies Act, 2013 imposes mandatory twin conditions for bail in economic offences: the Court must be satisfied that there are reasonable grounds to believe the accused is not guilty and is not likely to commit any offence while on bail. Section 212(7) makes these restrictions additional to the ordinary bail framework under the Code of Criminal Procedure, 1973. On the alleged large-scale fabrication of documents, account manipulation and diversion of funds, the HC found that this satisfaction could not be recorded and that the seriousness of the offence and the petitioner's attributed role also justified refusal of bail under Section 439 CrPC. Bail was rejected. Case-Laws Companies Law Mon, 27 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391962