Supreme Court denies default bail for accused in Dewan Housing case; chargesheet filed on time and cognizance taken.

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....Grant of default bail under Section 167(2) Cr.P.C. - The Supreme Court allowed the appeal, setting aside the High Court's and Special Court's orders granting default bail to the accused in a case involving Dewan Housing Finance Corporation Ltd. (DHFL). The Court ruled that the respondents were not entitled to statutory default bail under Section 167(2) Cr.P.C., as the chargesheet was filed within the prescribed time and cognizance of the offense was taken by the Special Court. - SC....