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IN THE HIGH COURT OF DELHI AT NEW DELHI
RAVINDER DUDEJA
Kapil Wadhawan – Appellant
Versus
Central Bureau Of Investigation – Respondent
| Table of Content |
|---|
| 1. the seriousness of allegations in the fir. (Para 3) |
| 2. the method of fraud and the applicant's role. (Para 5 , 6 , 7) |
JUDGMENT :
1. The present application under Section 485 of the Bharatiya Nagarik Suraksha Sanhita, 2023 read with Section 439 of the Cr.P.C., has been filed by the Applicant/Accused No. 1, Kapil Wadhawan, seeking necessary orders and directions from this Court for grant of regular bail in FIR/RC No. RC2242022A0001 dated 20.06.2022, registered under Sections 120B read with 409, 420, 477A IPC, Section 13 (2) read with 13(1)(d) of the Prevention of Corruption Act, 1988, and subsequently added Sections 411, 424, 465, and 468 IPC.
2. The present FIR/RC No. 2242022A0001 was registered by the CBI, New Delhi on 20.06.2022 under Sections 120B read with 409, 420, and 477A of the IPC and Section 13 (2) read with 13(1)(d) of the Prevention of Corruption Act, 1988. The case was registered against DHFL, its promoters Kapil Wadhawan (the applicant), Dheeraj Wadhawan, and others for entering into a criminal conspiracy to cheat a consortium of 17 banks led by Union Bank of India. They induced the banks to sanction loans aggregating to Rs.57,242.05 crores and subsequen
Economic offences require a cautious approach during bail considerations, balancing individual rights and public interest due to their profound impact.
The court underscored that in cases of serious economic offences, the gravity of the allegations and the societal impact outweigh individual rights to bail, especially when considerable evidence indi....
The court ruled that economic offences necessitate a stringent approach to bail due to their potential for extensive public harm.
The delay in trial, seriousness of economic offences, and the larger interest of the public are crucial factors in determining bail applications for serious economic offences.
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 ....
In economic offences, bail is not a right; the burden rests on the applicant to show no risk of interference with justice or likelihood of guilt, reinforced by the position of the accused.
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