Supreme Court of India
Centrum Financial Services Limited v. State of Nct of Delhi and Anr.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
In view of the above and for the reasons stated above, the impugned judgment and order passed by the High Court releasing Respondent No.2 on bail deserves to be quashed and set aside and is accordingly quashed and set aside.
Judgment, page 16
From the headnote
Bail –Non-consideration of relevant factors– Penal Code, 1860 – ss.409, 420, 467, 468, 471 and 120B –Commercial transaction – Respondent no.2-accused granted bail by High Court– Correctness of – On appeal, held:While releasing Respondent no.2 on bail, the High Court has not at all considered the relevant factors including the nature and gravity of accusation;serious allegations of siphoning off the huge amount, the modus operandi and the manner in which the offences were committed through shell companies and creating false/forged documents and/or misusing documents of the employees and…
Authorities it was built on
- 2002 Ram Govind Upadhyay v. Sudarshan Singh and Ors.
- 2005 State through C.B.I. v. Amarmani Tripthi
- 2010 Prasanta Kumar Sarkar v. Ashis Chatterjee & Anr.
- 2019 Mahipal v. Rajesh Kumar @ Polia & Anr.
- 2001 Prahlad Singh Bhat v. N.C. T., Delhi and Anr.
- 1994 Dolat Ram and Ors. v. The State of Haryana
- 2015 Neeru Yadav v. State of U.P. and Anr.
- 2017 Anil Kumar Yadav v. State (nct) of Delhi & Anr.
- 1977 Gurcharan Singh & Ors. v. State (delhi Administration)
- 2018 Ms. X v. The State of Telangana and Anr.
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