https://www.taxtmi.com/caselaws?id=395396 Immediate bail or interim bail on COVID-19 and medical grounds was refused in a Companies Act prosecution because the allegations concerned a serious economic offence involving large-scale fraud, the investigation remained pending, and the applicant failed to show illness severe enough to make custody unsafe. The Court also noted that the High Powered Committee's pandemic release framework applied only within a specified punishment threshold, which the alleged offence exceeded. Given the gravity of the accusations and the risk of tampering with evidence, interim release was declined. The earlier bail order in a separate CBI matter was treated as inapplicable because the SFIO prosecution arose from a distinct statutory investigation under the Companies Act, 2013. en-us Tue, 05 May 2020 00:00:00 +0530 Wed, 20 May 2020 09:51:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395396 Immediate bail or interim bail on COVID-19 and medical grounds was refused in a Companies Act prosecution because the allegations concerned a serious economic offence involving large-scale fraud, the investigation remained pending, and the applicant failed to show illness severe enough to make custody unsafe. The Court also noted that the High Powered Committee's pandemic release framework applied only within a specified punishment threshold, which the alleged offence exceeded. Given the gravity of the accusations and the risk of tampering with evidence, interim release was declined. The earlier bail order in a separate CBI matter was treated as inapplicable because the SFIO prosecution arose from a distinct statutory investigation under the Companies Act, 2013. Case-Laws Companies Law Tue, 05 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395396