https://www.taxtmi.com/caselaws?id=772345 Delhi HC granted bail to an applicant in a money laundering case involving loan diversion and siphoning. The court noted the applicant was not accused in the predicate CBI offence and was a successful resolution applicant who took over the company through NCLT. Key factors included: the facility agreement being subject to pending arbitration, co-accused with similar roles already granted bail, no previous criminal antecedents, and the main beneficiary remaining unarrested. The court emphasized bail as the rule and jail as exception, directing release on personal bond of Rs. 1 lakh with two sureties. en-us Sat, 31 May 2025 00:00:00 +0530 Sat, 07 Jun 2025 08:32:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772345 Delhi HC granted bail to an applicant in a money laundering case involving loan diversion and siphoning. The court noted the applicant was not accused in the predicate CBI offence and was a successful resolution applicant who took over the company through NCLT. Key factors included: the facility agreement being subject to pending arbitration, co-accused with similar roles already granted bail, no previous criminal antecedents, and the main beneficiary remaining unarrested. The court emphasized bail as the rule and jail as exception, directing release on personal bond of Rs. 1 lakh with two sureties. Case-Laws Money Laundering Sat, 31 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772345