No automatic bail rejection for mere twin conditions in Section 212 of Companies Act

Ashish Mittal Vs Serious Fraud Investigation Office (Delhi High Court)

The crux of the offence alleged against the accused persons is therefore, that by round-tripping funds, ESL and some of the other 69 accused (including companies and individuals), have committed fraud as contemplated under section 447 of the 2013 Act, apart from other offences under the 1956 Act and the IPC.

After a detailed investigation in the matter, the SFIO has filed a prosecution complaint under section 439(2)/43

Please become a Premium member. If you are already a Premium member, login here to access the full content.