https://www.taxtmi.com/caselaws?id=424812 Regular bail under the Companies Act prosecution was granted after the Court applied the statutory twin conditions in Section 212(6) on a prima facie basis. The petitioner's role as stock auditor for a later period was found materially distinct from the core allegations, the prosecution material showed adverse audit observations but did not displace the Court's view that there were reasonable grounds to believe he was not guilty, and similarly placed co-accused had already obtained bail. The Court also noted that the petitioner had remained at liberty for a substantial period and was not likely to commit an offence while on bail, so the bail request was allowed and the interim application became infructuous. en-us Thu, 07 Jul 2022 00:00:00 +0530 Sat, 09 Jul 2022 08:01:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424812 Regular bail under the Companies Act prosecution was granted after the Court applied the statutory twin conditions in Section 212(6) on a prima facie basis. The petitioner's role as stock auditor for a later period was found materially distinct from the core allegations, the prosecution material showed adverse audit observations but did not displace the Court's view that there were reasonable grounds to believe he was not guilty, and similarly placed co-accused had already obtained bail. The Court also noted that the petitioner had remained at liberty for a substantial period and was not likely to commit an offence while on bail, so the bail request was allowed and the interim application became infructuous. Case-Laws Companies Law Thu, 07 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424812