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NAVIN CHAWLA
Sharad Nagre – Appellant
Versus
State – Respondent
JUDGMENT
Navin Chawla, J. (Oral) - This application has been filed under Section 439 of the Code of Criminal Procedure, 1973 (in short, `Cr.P.C.') praying for the applicant to be released on bail in FIR No.0018/2020 registered at Police Station EOW, Mandir Marg, Delhi under Sections 420/468/471/120-B of the Indian Penal Code, 1860 (in short, `IPC').
Case of the prosecution:
2. It is the case of the prosecution that the above FIR was registered on a complaint received from the Assistant General Manager, Allahabad Bank stating that the said Bank, having its Branch at Amity University, Sector 125, Noida, maintains a Savings Bank Account in the name of the said University. From this account, three cheques, purported to be issued by the said University, were presented for encashment; one of which for an amount of Rs.2,50,30,600/- was presented for encashment in the account of N.S. Infrastructure, of which the wife of the applicant is a partner and the mobile phone number of the applicant is the registered phone number. The second cheque for an amount of Rs.2,70,30,400/-, was presented for encashment in the name of Maa Tapit Manav Sewa Sansthan. These two cheques were duly honoured, and the
The seriousness of economic offences and the need for a different approach in bail matters concerning economic crimes.
The main legal point established in the judgment is that the grant of bail is the rule and refusal is the exception, and the gravity of the offence is an aspect to be kept in view by the Court. The c....
The judgment established the need for a different approach in bail considerations for economic offences, emphasizing the gravity of economic offences, the need to protect the financial health of the ....
Economic offences require a cautious approach during bail considerations, balancing individual rights and public interest due to their profound impact.
The seriousness of economic offences and the need to recover public money and set precedence to deter similar offences.
Economic offences of huge magnitude with deep conspiracy and public fund loss require stringent bail denial, prioritizing offence gravity, prima facie evidence, tampering/fleeing risks over custody d....
The judgment emphasized the seriousness of economic offences, the need for custodial interrogation, and the balance between individual rights and public interest in granting anticipatory bail.
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