https://www.taxtmi.com/caselaws?id=464746 In a bail application under Section 439 CrPC arising from alleged collection and siphoning of public deposits, the HC applied a strict approach to a serious economic offence. It noted prima facie material that the petitioner, as Managing Director, allegedly induced investors with assurances of doubling their money, while substantial sums remained unpaid. On that basis, and considering the scale of the alleged loss, the risk of interference with witnesses, and the wider public interest, the Court refused bail and rejected the application. en-us Thu, 18 Aug 2016 00:00:00 +0530 Wed, 12 Nov 2025 19:42:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464746 In a bail application under Section 439 CrPC arising from alleged collection and siphoning of public deposits, the HC applied a strict approach to a serious economic offence. It noted prima facie material that the petitioner, as Managing Director, allegedly induced investors with assurances of doubling their money, while substantial sums remained unpaid. On that basis, and considering the scale of the alleged loss, the risk of interference with witnesses, and the wider public interest, the Court refused bail and rejected the application. Case-Laws Indian Laws Thu, 18 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464746