https://www.taxtmi.com/caselaws?id=465596 The dominant issue was whether regular bail should be granted to an accused alleged to have committed serious corporate fraud involving diversion and misuse of funds belonging to lower middle and lower income groups, allegedly in the capacity of an authorised signatory, attracting s.447 Companies Act. The SC held that the HC's refusal of bail disclosed no ground warranting interference in exercise of its discretionary jurisdiction, given the gravity and nature of the alleged economic offence. Consequently, the refusal of regular bail was upheld and the SLP was dismissed. en-us Mon, 06 May 2024 00:00:00 +0530 Fri, 02 Jan 2026 07:07:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465596 The dominant issue was whether regular bail should be granted to an accused alleged to have committed serious corporate fraud involving diversion and misuse of funds belonging to lower middle and lower income groups, allegedly in the capacity of an authorised signatory, attracting s.447 Companies Act. The SC held that the HC's refusal of bail disclosed no ground warranting interference in exercise of its discretionary jurisdiction, given the gravity and nature of the alleged economic offence. Consequently, the refusal of regular bail was upheld and the SLP was dismissed. Case-Laws Companies Law Mon, 06 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465596