https://www.taxtmi.com/caselaws?id=417707 The Supreme Court quashed the High Court's decision to grant bail to Respondent No.2 due to the serious allegations of siphoning off funds through shell companies and the lack of consideration of relevant evidence. Respondent No.2 was directed to surrender immediately, with the option to file a fresh bail application after three months. The Court emphasized the importance of judicial discretion and thorough consideration of all factors in bail decisions, especially in cases involving substantial evidence and grave accusations. en-us Fri, 28 Jan 2022 00:00:00 +0530 Mon, 31 Jan 2022 07:18:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417707 The Supreme Court quashed the High Court's decision to grant bail to Respondent No.2 due to the serious allegations of siphoning off funds through shell companies and the lack of consideration of relevant evidence. Respondent No.2 was directed to surrender immediately, with the option to file a fresh bail application after three months. The Court emphasized the importance of judicial discretion and thorough consideration of all factors in bail decisions, especially in cases involving substantial evidence and grave accusations. Case-Laws Indian Laws Fri, 28 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417707