https://www.taxtmi.com/caselaws?id=307982 Bail was considered in light of the material collected during investigation, the applicant's alleged lack of direct role, and parity with similarly placed co-accused. The applicant was not named in the FIR, was not shown to be a director, office bearer, or manager of the main company, and the record did not show that he induced investors or received any amount in his personal account. The Court also relied on the bail orders granted to co-accused and the settled principles governing bail, while recording no opinion on the merits of the prosecution case. On that basis, the applicant was held to have made out a case for bail and the bail applications were allowed. en-us Thu, 09 Jun 2022 00:00:00 +0530 Fri, 19 May 2023 21:49:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307982 Bail was considered in light of the material collected during investigation, the applicant's alleged lack of direct role, and parity with similarly placed co-accused. The applicant was not named in the FIR, was not shown to be a director, office bearer, or manager of the main company, and the record did not show that he induced investors or received any amount in his personal account. The Court also relied on the bail orders granted to co-accused and the settled principles governing bail, while recording no opinion on the merits of the prosecution case. On that basis, the applicant was held to have made out a case for bail and the bail applications were allowed. Case-Laws Money Laundering Thu, 09 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307982