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2022 (7) TMI 583 - HC - Companies LawSeeking grant of Bail - acts of misappropriation of huge sums of money - Section 212(6) of Companies Act - HELD THAT:- Since the applicants have already retired and similarly situated persons have already been granted bail, especially, the main accused Nitin Johri and Neeraj Singhal, therefore, the applicants also need to be enlarged on bail. As regards the legal embargo of Section 212(6), Sub-section-(i) has duly been complied with, as the Public Prosecutor (Ld. CGSC) has been given a chance to oppose the bail applications. The Applicants are not guilty of the offence of which they are charged with, and therefore, it is opined, that they are not likely to commit any further offence while on bail. The Applicants are enlarged on bail on the following terms and conditions - Each applicant shall furnish a personal bond with two local sureties in the sum of Rs. 25,000/- each, to the satisfaction of the Trial Court - Application disposed off.
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