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, t he impugned judgment and order passed by the High Court r eleasing Respondent No.2 on bail deserves to be quashed and set aside a nd 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 –Commerc ial transaction – Respondent no.2-accused granted bail by High Court– Correctness of – On appeal, held:While releasing Resp ondent no.2 on bail, the High Court has not at all considered the relevant fac tors including the nature and gravity of accusation;serious allegations of siphoning off the huge amount, the modus operand i and the manner in which the offences were committed through shell companies and creating false/forged documents and/o r 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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