https://www.taxtmi.com/caselaws?id=313999 Anticipatory bail was considered in allegations of fraudulent merchanting trade, falsification of accounts, and diversion of bank funds through corporate entities obtaining letter-of-credit funds that became non-performing assets. The seriousness of the alleged economic offence, substantial financial loss, investigation material, and the applicants' non-cooperation despite awareness of coercive process weighed against discretionary protection. Illness and the asserted absence of need for custodial interrogation were insufficient to outweigh the gravity of the accusations and conduct attributed to the applicants. Anticipatory bail was rejected. en-us Thu, 17 Feb 2022 00:00:00 +0530 Sat, 11 May 2024 21:15:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313999 Anticipatory bail was considered in allegations of fraudulent merchanting trade, falsification of accounts, and diversion of bank funds through corporate entities obtaining letter-of-credit funds that became non-performing assets. The seriousness of the alleged economic offence, substantial financial loss, investigation material, and the applicants' non-cooperation despite awareness of coercive process weighed against discretionary protection. Illness and the asserted absence of need for custodial interrogation were insufficient to outweigh the gravity of the accusations and conduct attributed to the applicants. Anticipatory bail was rejected. Case-Laws Companies Law Thu, 17 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313999