TaxTMI 
TaxTMI 
2022 (5) TMI 1516
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....the applicant seeking bail in Case Crime No. 674 of 2017, under Sections 406, 419, 420, 409 IPC, Police Station Mohammedabad, District Mau. The submission of learned counsel for the applicant is that the applicant was serving in a Company namely J.K.V. Land Developers and Infrastructure Limited (in short "Company"), as one of the directors and admittedly his resignation was accepted by the Board on 26.09.2016. This fact has not been disputed by the side opposite. Further submission is that in the FIR, vague allegations have been levelled in respect to depositing the amount in the Company as also a bare perusal of the FIR would show that vague allegations have been levelled in relation to booking of 82 plots in the Company J.K.V. Homes. He ....
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....esses of prosecution. It is also stated that co-accused Vikrant Tripathi has already been released on bail by this Court vide order dated 26.08.2021 passed in Criminal Misc. Bail Application No. 49336 of 2020. In these circumstances, the applicant is also entitled to be released on bail. Learned A.G.A., on the basis of instructions, and learned counsel for the complainant opposed the prayer for grant of bail but the have not disputed the above contentions made by the learned counsel for the accused-applicant including that coaccused has been granted bail by this Court. Considering the facts and circumstances of the case, perusing the record and also considering the nature of allegations, period of incarceration, arguments advanced by the ....