Case Law Details
Case Name : Vuppalapati Venkata Rama Rao Vs Directorate of Enforcement and another (Telangana High Court)
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All High Courts Telangana High Court
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Vuppalapati Venkata Rama Rao Vs Directorate of Enforcement and another (Telangana High Court)
Economic offences having deep-rooted conspiracies and involving huge loss needs to be viewed seriously – case not fit to grant anticipatory bail
Facts- The Punjab National Bank has alleged that the company has availed various credit facilities from the consortium of banks and subsequently has defaulted in making payment.
Conclusion– In the instant cases, grant of anticipatory bail at the stage of investigation may frustrate the investigating agency in interrogating the petitioners/accused and ...
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Author Bio
Such defaulters should not only get the anticipatory bail, but also their entire family should be put behind the bars for lifelong as they effect the financial system of the country and the general public has to pay off all these indirectly.
Also the corrupt bank officers responsible for such loan sanctions should be treated in the same line.