https://www.taxtmi.com/caselaws?id=447929 The High Court's cancellation of bail and suspension of sentence was upheld because the settlement undertaking was not complied with within the stipulated time. The recorded undertaking expressly made default fatal to the benefit of interim protection, including withdrawal of bail and suspension of sentence. The complainant was not bound by the private inter se arrangement between the two convicted directors on allocation of liability; the accepted settlement concerned only payment of the total agreed amount. As the full amount had not been paid, the condition attached to the grant of protection was triggered and the challenge failed. en-us Wed, 03 Jan 2024 00:00:00 +0530 Mon, 08 Jan 2024 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447929 The High Court's cancellation of bail and suspension of sentence was upheld because the settlement undertaking was not complied with within the stipulated time. The recorded undertaking expressly made default fatal to the benefit of interim protection, including withdrawal of bail and suspension of sentence. The complainant was not bound by the private inter se arrangement between the two convicted directors on allocation of liability; the accepted settlement concerned only payment of the total agreed amount. As the full amount had not been paid, the condition attached to the grant of protection was triggered and the challenge failed. Case-Laws Indian Laws Wed, 03 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447929