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1997 (11) TMI 428 - SC - Companies LawAnticipatory bail to the respondent granted - Held that:- Appeal allowed. No doubt that the Division Bench of the High Court has gone ostensibly wrong in passing the impugned order. When perusing the files concerning the allegations against the respondent (which the Directorate had made available to us) we strongly feel that any further loss of time would further impair the effectiveness of the inquiry and/ or investigation into those allegations. Considering the nature and seriousness of the allegations as well as the largeness of the amount involved no doubt that the order granted by the City Sessions Judge should not remain alive.
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