https://www.taxtmi.com/caselaws?id=764893 In a serious fraud prosecution under the Companies Act, the Court treated prolonged custody, the nascent stage of trial, compliance with interim bail, and bona fide revival efforts for the affected projects as relevant to the statutory twin conditions for bail, and found reasonable grounds to believe the applicants were not guilty and unlikely to commit further offences on bail. Applying constructive custody, it held that a person already on interim bail remains under judicial control for deciding regular bail, so fresh physical surrender was not required where interim conditions had been observed. Regular bail was granted on conditions, without affecting the merits of the pending case. en-us Mon, 23 Dec 2024 00:00:00 +0530 Tue, 21 Jan 2025 09:16:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764893 In a serious fraud prosecution under the Companies Act, the Court treated prolonged custody, the nascent stage of trial, compliance with interim bail, and bona fide revival efforts for the affected projects as relevant to the statutory twin conditions for bail, and found reasonable grounds to believe the applicants were not guilty and unlikely to commit further offences on bail. Applying constructive custody, it held that a person already on interim bail remains under judicial control for deciding regular bail, so fresh physical surrender was not required where interim conditions had been observed. Regular bail was granted on conditions, without affecting the merits of the pending case. Case-Laws Companies Law Mon, 23 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764893