https://www.taxtmi.com/caselaws?id=395886 Appearance before court and non-arrest during investigation do not create an automatic right to bail; the court retains independent discretion under the applicable bail provisions. The twin conditions in section 212(6) of the Companies Act, 2013 were not treated as an absolute mandatory bar, as they cannot be applied as an inflexible threshold overriding bail discretion. On the material collected in a serious economic fraud investigation, including the alleged transaction pattern, absence of supporting records, and the risk of interference with evidence or witnesses, bail was refused on merits. en-us Wed, 13 Nov 2019 00:00:00 +0530 Wed, 06 Nov 2024 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395886 Appearance before court and non-arrest during investigation do not create an automatic right to bail; the court retains independent discretion under the applicable bail provisions. The twin conditions in section 212(6) of the Companies Act, 2013 were not treated as an absolute mandatory bar, as they cannot be applied as an inflexible threshold overriding bail discretion. On the material collected in a serious economic fraud investigation, including the alleged transaction pattern, absence of supporting records, and the risk of interference with evidence or witnesses, bail was refused on merits. Case-Laws Companies Law Wed, 13 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395886