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2016 (3) TMI 705 - SUPREME COURT

2016 (3) TMI 705 - SUPREME COURT - TMI - Grant of bail after imposing condition of deposit - Admission of liability for payment of duty under the Customs Act, 1962 - Condition stayed by this court as far back as on 17th August, 2010 - Held that:- the accused appellant should be permitted to remain on bail granted by the High Court and the condition of deposit of ₹ 200 crores should not be interfered with. - Decided in favour of appellant - Criminal Appeal No. 2066/2010 - Dated:- 17-3-2016 .....

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the order of the High Court of Madras imposing the condition of deposit of ₹ 200 crores (Rupees two hundred crores) subject to which bail has been granted by the High Court to the appellant. The reason for the High Court imposing the aforesaid condition appears to be the alleged admission on the part of the accused with regard to liability for payment of duty under the Customs Act, 1962. 3. The aforesaid condition of deposit of ₹ 200 crores (Rupees two hundred crores) has been stayed .....

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