2026 (3) TMI 1684

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....ioner(s): Mr. Akhil Krishan Maggu, Adv., Mr. Deepak Gupta, Adv., Ms. Oshin Maggu, Adv., Mr. Sujeet Kumar, Adv., M/s V. Maheshwari & Co., AOR. For the Respondent(s): Mr. Raja Thakare, A.S.G., Mr. Rishikesh Hariom, Adv., Mr. Gurmeet Singh Makker, AOR, Mr. Rohit Khare, Adv., Mr. Kartikeya Asthana, Adv., Mr. Gaurang Bhushan, Adv., Mr. Ishaan Sharma, Adv. ORDER 1. Leave granted. 2. The appe....

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....e vide order dated 26.05.2025 and the appellant was given time to furnish fresh bank guarantee. 5. While recording the fact that the condition for furnishing bank guarantee was challenged by the appellant earlier before the High Court and the same was upheld vide order dated 03.03.2021 passed in CRM-M-4374/2021, the High Court dismissed the petition filed by the appellant to waive of that condi....

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....he case pertains to the year 2020 and as admitted in Court, till date even the charges have not been framed. 8. After hearing learned counsel for the parties and considering the law laid down by this Court in Saravanan's case (supra), in our opinion, furnishing bank guarantee of Rs.50 lakhs as a condition for grant of bail, cannot be legally sustained, especially, considering the fact that the ....