https://www.taxtmi.com/caselaws?id=296805 The Supreme Court found the bail granted by the Chief Metropolitan Magistrate to be a breach of judicial discipline and an overreach of jurisdiction. The accused failed to comply with the Court's order to deposit Rs. 750 crores, as the amount was realized through asset monetization. Serious allegations of money laundering and siphoning of funds were highlighted, leading to the takeover of Unitech Limited's management. The Court emphasized the importance of judicial discipline and issued a notice for the accused to surrender, staying the Magistrate's bail order pending further proceedings. en-us Thu, 18 Mar 2021 00:00:00 +0530 Sat, 07 Aug 2021 08:49:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296805 The Supreme Court found the bail granted by the Chief Metropolitan Magistrate to be a breach of judicial discipline and an overreach of jurisdiction. The accused failed to comply with the Court's order to deposit Rs. 750 crores, as the amount was realized through asset monetization. Serious allegations of money laundering and siphoning of funds were highlighted, leading to the takeover of Unitech Limited's management. The Court emphasized the importance of judicial discipline and issued a notice for the accused to surrender, staying the Magistrate's bail order pending further proceedings. Case-Laws Indian Laws Thu, 18 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296805