https://www.taxtmi.com/caselaws?id=305555 The Supreme Court revoked the bail granted by the High Court to Respondent No. 2, involved in ponzi schemes, due to non-compliance with bail conditions and extensions granted for depositing bail amounts. The Court emphasized the gravity of the offenses and outstanding debts to investors, concluding that bail should not have been granted. Extensions for depositing bail were deemed unwarranted, leading to the dismissal of the bail application. The judgment underscores the importance of fulfilling bail conditions promptly in cases involving financial fraud. en-us Mon, 19 Jan 2015 00:00:00 +0530 Sun, 11 Dec 2022 19:54:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305555 The Supreme Court revoked the bail granted by the High Court to Respondent No. 2, involved in ponzi schemes, due to non-compliance with bail conditions and extensions granted for depositing bail amounts. The Court emphasized the gravity of the offenses and outstanding debts to investors, concluding that bail should not have been granted. Extensions for depositing bail were deemed unwarranted, leading to the dismissal of the bail application. The judgment underscores the importance of fulfilling bail conditions promptly in cases involving financial fraud. Case-Laws Insolvency and Bankruptcy Mon, 19 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305555