https://www.taxtmi.com/caselaws?id=463231 Bail under Section 212(6)(ii) of the Companies Act, 2013 was refused where the accused filed a second application without showing any change of circumstances. The HC noted that the earlier order had already considered completion of investigation, filing of the final report, and the claim that the transactions predated Section 447, yet the statutory bail conditions were still not met. It accepted the prosecution's case that the allegations disclosed a serious economic offence involving major fraudulent activity, and found no fresh basis to depart from the prior view. Bail was therefore declined. en-us Fri, 16 Dec 2022 00:00:00 +0530 Mon, 18 Aug 2025 20:18:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463231 Bail under Section 212(6)(ii) of the Companies Act, 2013 was refused where the accused filed a second application without showing any change of circumstances. The HC noted that the earlier order had already considered completion of investigation, filing of the final report, and the claim that the transactions predated Section 447, yet the statutory bail conditions were still not met. It accepted the prosecution's case that the allegations disclosed a serious economic offence involving major fraudulent activity, and found no fresh basis to depart from the prior view. Bail was therefore declined. Case-Laws Companies Law Fri, 16 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463231