2022 (3) TMI 1458

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....er sections 120(B) and 420 of the Indian Penal Code and Section 12 r/w. Section 11 r/w. Section 13(2) r/w. Section 13(1)(d) of Prevention of Corruption Act, 1988. 2. Heard Mr. Mahesh Jethmalani, learned Senior counsel for the Applicant, Mr. Hiten Venegaonkar, learned counsel for CBI and Ms. A.A. Takalkar, learned APP for the State. I have perused the records and considered the submissions advanced by the learned counsel for the respective parties. 3. The CBI has registered FIR No. RC.BA1/2020/A0004-CBI/ACB/Mumbai against the aforesaid Applicant and the other co-accused for offences punishable under sections 120(B) r/w. 420 of the Indian Penal Code and sections 7, 11 and 12 of the Prevention of Corruption Act, 1988. The allegations against....

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....and he was interrogated and upon completion of the investigation, charge sheet came to be filed on 08/10/2020. On receipt of the summons, the Applicant appeared before the Court and sought bail. The Bail Application has been dismissed mainly on the ground that the Applicant is involved in committing economic offence and the fact that he has repaid the outstanding amount, is not sufficient to wipe out the criminal liability. 5. Mr. Mahesh Jethmalani, learned Senior counsel for the Applicant has relied upon the decision of the Apex Court in Satender Kumar Antil  v/s. CBI and anr. 2021 SCC OnLine SC 922 and has also relied uponthe order dated 16/12/2021 in Miscellaneous Application Diary No(s). 29164/2021 in SLP(Crl) No.5191/2021, wherei....