Maintainability of writ petition - Money Laundering - The Court ...
Money Laundering
April 10, 2024
Maintainability of writ petition - Money Laundering - The Court evaluated the contention that the applicants had engaged in dilatory tactics. It concluded that the applications made by the accused, including bail applications, were legitimate exercises of their rights and not attempts to unduly delay proceedings. - While acknowledging the gravity of the alleged offenses, the Court determined that the seriousness of the allegations alone does not preclude the grant of bail, especially when statutory conditions for release under Section 436-A CrPC are met. - Ultimately, the Court granted bail to both applicants, subject to them furnishing personal and surety bonds with specific conditions.
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