https://www.taxtmi.com/caselaws?id=457286 Regular bail was refused in an alleged economic offence involving misappropriation of funds because the court applied the settled Section 439 factors, including the nature and gravity of the accusation, prima facie material, risk of misuse of liberty, and public interest. The record showed allegations that funds collected from multiple victims were diverted, with bank material and investigation indicating substantial withdrawals and personal use of the money. Treating the matter as a serious economic offence affecting numerous victims and noting that the investigation was still continuing, the court held that release at that stage was not justified. en-us Mon, 19 Dec 2022 00:00:00 +0530 Sat, 14 Sep 2024 08:18:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457286 Regular bail was refused in an alleged economic offence involving misappropriation of funds because the court applied the settled Section 439 factors, including the nature and gravity of the accusation, prima facie material, risk of misuse of liberty, and public interest. The record showed allegations that funds collected from multiple victims were diverted, with bank material and investigation indicating substantial withdrawals and personal use of the money. Treating the matter as a serious economic offence affecting numerous victims and noting that the investigation was still continuing, the court held that release at that stage was not justified. Case-Laws Indian Laws Mon, 19 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457286