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2018 (12) TMI 1549 - HC - Companies LawIllegal detention of the applicants - investigation u/s 212(3) Companies Act, 2013 - period of limitation - seeking Ad-interim ex parte release of the applicants from the alleged illegal arrest - investigation carried out by the SFIO beyond three months period, specified in the said order dated 20.06.2018, and the arrest of the applicants on 10.12.2018, pursuant thereto - Held that:- The applicants are co-operating with the investigation. We must also add that no cogent material has been brought to our notice on behalf of the SFIO to urge that, the applicants are a flight risk or that they will misuse the liberty granted to them by this Court. We must also add that, the applicants have deep roots in the society and belong to a respectable business family and have no criminal antecedents. Consequently, there is no possibility of their absconding and not being available for further investigation. The issues framed in the present applications are answered in favour of the applicants and against the official respondents. We have already hereinbefore expressed our considered view that, the facts and circumstances of the present case do not admit the continued unlawful detention of the applicants. In view of the foregoing, the present application is allowed. The applicants shall be released on interim bail, during the pendency of the accompanying petitions, on their furnishing a personal bond in the sum of ₹ 5,00,000/- each with two local sureties each of the like amount to the satisfaction of the trial court
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