https://www.taxtmi.com/caselaws?id=773769 Curable defects in a complaint filed within time do not, by themselves, create a right to default bail where the investigation is already complete and the complaint is later re-presented after correction. Under the money-laundering bail regime, release on merits depends on the statutory twin conditions: the court must have reasonable grounds to believe the accused is not guilty and is not likely to commit an offence while on bail. The court accepted that section 50 statements may have evidentiary significance, but held that the prosecution material, including financial evidence, did not permit satisfaction of those conditions. Bail was therefore declined. en-us Thu, 13 Mar 2025 00:00:00 +0530 Sat, 28 Jun 2025 08:31:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773769 Curable defects in a complaint filed within time do not, by themselves, create a right to default bail where the investigation is already complete and the complaint is later re-presented after correction. Under the money-laundering bail regime, release on merits depends on the statutory twin conditions: the court must have reasonable grounds to believe the accused is not guilty and is not likely to commit an offence while on bail. The court accepted that section 50 statements may have evidentiary significance, but held that the prosecution material, including financial evidence, did not permit satisfaction of those conditions. Bail was therefore declined. Case-Laws Money Laundering Thu, 13 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773769