2026 (4) TMI 879

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....agi, Sr. Adv., Mr. Ajit Sharma, AOR, Mr. Sameer Rohtagi, Adv., Mr. Anant Ram Mishra, Adv., Mr. Yuvrajsinh C. Solanki, Adv., Mr. Kanchan Kumar, Adv., Mr. Aditya Vikram Singh, Adv., Mr. Parul Goyal, Adv., Mr. Lareb Habib Ansari, Adv. For the Respondent(s): Mr. S. D. Sanjay, ASG, Mr. Divyam Aggarwal, Adv., Mr. Arkaj Kumar, Adv., Mr. Zoheb Hossain, Adv., Mr. Raj Bahadur Yadav, AOR. ORDER 1. L....

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.... crores, belonging to approximately two lakh depositors of Adarsh Credit Cooperative Society Ltd., on the basis of false and fabricated financial statements. Appellant  is stated to have held an 18% share in the ABJ Project at Dehradun, which was undertaken by Adarsh Build Estate. In his capacity as an authorized signatory of the said project, the appellant is alleged to have siphoned off an ....

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.... more than one-third of the maximum sentence of 10 years prescribed under Section 447 of the Companies Act, 2013. Consequently, the appellant is entitled to the benefit of statutory bail under Section 479 of the Bharatiya Nagarik Suraksha Sanhita, 2023 [BNSS]. 8. In view thereof, the appeal deserves acceptance. 9. Accordingly, the impugned judgment and order refusing bail is set aside, and i....