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2022 (11) TMI 49 - HC - Money LaunderingMoney Laundering - Seeking grant of Regular Bail - loan amount declared as NPA - chance of his absconding or tampering with the evidence or influencing the witnesses or not - HELD THAT:- From the order sheets of the trial Court as well as the documents in the case diary, it is clear that the applicant is not produced before the competent Court within 24 hours of his detention. Charge sheet/complaint has been filed before the learned trial Court. As per order sheet dated 2.5.2022, the case is at preliminary state for argument before registration. Looking to the number of documents and list of witnesses, there is every likelihood that conclusion of trial would take considerable time. Therefore, in the totality of facts and circumstances of the case, this Court is of the opinion that present is a fit case to release the applicant on bail. It is directed that the applicant shall be released on bail on his executing a personal bond for a sum of Rs.10 lacs with two sureties of the like amount to the satisfaction of the trial Court for his appearance before the said Court as and when directed, till final disposal of the trial, on the further conditions imposed - application allowed.
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