https://www.taxtmi.com/caselaws?id=780547 HC granted anticipatory bail to the petitioning chartered accountants, finding no prima facie evidence of criminal conspiracy or receipt of undue favours to justify custodial interrogation. The court held auditors had no role in obtaining loans and, at most, may have been negligent in audit duties; that shortfall warrants dereliction proceedings, not pre-trial incarceration. The judgment criticized investigative and regulatory failures in tracing and recovering siphoned funds. Bail was allowed on parity with others previously released and subject to furnishing personal and surety bonds to the trial court within 15 days and compliance with bond conditions. en-us Tue, 28 Oct 2025 00:00:00 +0530 Sat, 01 Nov 2025 08:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780547 HC granted anticipatory bail to the petitioning chartered accountants, finding no prima facie evidence of criminal conspiracy or receipt of undue favours to justify custodial interrogation. The court held auditors had no role in obtaining loans and, at most, may have been negligent in audit duties; that shortfall warrants dereliction proceedings, not pre-trial incarceration. The judgment criticized investigative and regulatory failures in tracing and recovering siphoned funds. Bail was allowed on parity with others previously released and subject to furnishing personal and surety bonds to the trial court within 15 days and compliance with bond conditions. Case-Laws Companies Law Tue, 28 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780547