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2015 (3) TMI 1402 - HC - Indian LawsGrant of Regular Bail - conspiracy - floating of bogus companies by appointing several persons as the Directors - offence punishable under Section 120-B, 420, 465, 467, 468, 471, 477-A of the Indian Penal Code - HELD THAT:- Indisputably, the case on hand is one of criminal conspiracy. Prima facie it appears that as a part of the conspiracy, which was hatched, a huge amount was transferred to Dubai and Hongkong on the strength of fake Bills of Entry. Each of the accused has played his own role in the alleged conspiracy. It appears that one of the main accused persons Sunil Dipak Kumar Agrawal has been ordered to be released on regular bail. The applicant-accused is ordered to be released on bail registered with the DCB Police Station, Surat on executing a personal bond of ₹ 5,00,000/- with one surety of the like amount each to the satisfaction of the trial Court, and subject to the conditions imposed - application allowed.
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