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Companies Law - Highlights / Catch Notes

Home Highlights January 2021 Year 2021 This

Grant of Bail - siphoning of funds - transfer of funds among ...

Companies Law

January 7, 2021

Grant of Bail - siphoning of funds - transfer of funds among different companies - The present case is of an economic offence involving siphoning of public money/investor money to the tune of ₹ 2000 crores. It is settled law that economic offences are considered to be grave offences especially when public money is involved and that the Courts have to be careful in granting bail in such cases - Bail not granted - HC

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