https://www.taxtmi.com/caselaws?id=759175 The Jharkhand HC dismissed a regular bail application in a case involving fake documents used to obtain holding numbers under IPC Sections 420, 467, 471 and PMLA Section 45. The court held that socio-economic offences require different bail considerations due to deep-rooted conspiracies affecting society's moral fabric. While acknowledging bail as the rule, the court emphasized that competing forces must be carefully weighed. The prolonged incarceration was deemed inconsequential given the offence's magnitude. However, co-accused was granted bail under different circumstances as a protected purchaser under Transfer of Property Act Section 54. The court rejected the general bail-as-rule argument for serious economic offences. en-us Fri, 30 Aug 2024 00:00:00 +0530 Thu, 26 Sep 2024 08:15:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759175 The Jharkhand HC dismissed a regular bail application in a case involving fake documents used to obtain holding numbers under IPC Sections 420, 467, 471 and PMLA Section 45. The court held that socio-economic offences require different bail considerations due to deep-rooted conspiracies affecting society's moral fabric. While acknowledging bail as the rule, the court emphasized that competing forces must be carefully weighed. The prolonged incarceration was deemed inconsequential given the offence's magnitude. However, co-accused was granted bail under different circumstances as a protected purchaser under Transfer of Property Act Section 54. The court rejected the general bail-as-rule argument for serious economic offences. Case-Laws Money Laundering Fri, 30 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759175