HC grant Bail to CA in case of alleged negligence in stock audit & Fraud

Sunil Bhatia Vs Serious Fraud Investigation Office (Delhi High Court) Since the ex-promoters/directors and similarly situated chartered accountants have been granted bail, there is no reason why the Applicant should be treated any differently. Facts- M/s Bhushan Steel Limited (BSL) is a company under investigation on account of allegations of siphoning off by its promoters. The allegation against the applicant is that he being a Chartered Accountant and one of the partners at ASRN & Associates [the firm appointed as stock auditors by the consortium of banks led by Punjab National Bank (PNB...