https://www.taxtmi.com/caselaws?id=395507 Interim bail was refused where the applicants faced grave economic offence allegations under the Companies Act, the Serious Fraud Investigation Office investigation was still pending, and there was a risk of tampering with evidence. The Court considered the COVID-19 health plea, but held that the applicants did not fall within the category of prisoners covered by decongestion measures. The seriousness of the alleged fraud and the ongoing investigation outweighed the asserted health concerns, so the request for interim bail was rejected. en-us Tue, 05 May 2020 00:00:00 +0530 Tue, 26 May 2020 13:23:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395507 Interim bail was refused where the applicants faced grave economic offence allegations under the Companies Act, the Serious Fraud Investigation Office investigation was still pending, and there was a risk of tampering with evidence. The Court considered the COVID-19 health plea, but held that the applicants did not fall within the category of prisoners covered by decongestion measures. The seriousness of the alleged fraud and the ongoing investigation outweighed the asserted health concerns, so the request for interim bail was rejected. Case-Laws Companies Law Tue, 05 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395507