https://www.taxtmi.com/caselaws?id=465595 The High Court declined regular bail in a complaint alleging fraud, siphoning and diversion of company funds under Section 447 of the Companies Act, 2013. It treated the allegations of misuse of the petitioner's position as authorised signatory, and the alleged transfer of funds to the benefit of the petitioner and associated entities, as serious. On those facts, the Court found no basis to grant the discretionary relief of bail. en-us Thu, 09 Nov 2023 00:00:00 +0530 Fri, 02 Jan 2026 07:07:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465595 The High Court declined regular bail in a complaint alleging fraud, siphoning and diversion of company funds under Section 447 of the Companies Act, 2013. It treated the allegations of misuse of the petitioner's position as authorised signatory, and the alleged transfer of funds to the benefit of the petitioner and associated entities, as serious. On those facts, the Court found no basis to grant the discretionary relief of bail. Case-Laws Companies Law Thu, 09 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465595