HC allows bail to accused director since trial not possible due to lockdown

Aditya Kumar Bhandari Vs SFIO (Delhi High Court) Conclusion: Bail was allowable to accused director of fraud on the reason that he was not the signatory to the alleged False Statement in the balance sheet of the Company and there was no loss caused either to any financial institution or Central/State Government and moreover, the trial proceedings is not possible within the reasonable time because of lockdown due to COVID-19 outbreak in India. Held: Assessee was designated on paper as a Director of RHL and some other group companies. But since this was primarily an honorary position given to as...