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Companies Law - Highlights / Catch Notes

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Seeking grant of Anticipatory Bail - Fraud - ...

Companies Law

June 24, 2021

Seeking grant of Anticipatory Bail - Fraud - fraudulently/illegally obtained loan and siphoning off the funds - petitioner (Director of one company out of group companies) was not summoned or arrested by the Investigating Officer during investigation - the petitioner was under obligation to exercise his duties with due and reasonable care, diligence and independent judgement. - the petitioner does not deserve grant of anticipatory bail. - HC

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