Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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No Bail For Offence Under S.447 Companies Act 2013 Without Fulfilling Twin Conditions : Supreme Court
Corporate Law & GovernanceCriminal Law
The Supreme Court reiterated that bail cannot be granted for offenses under Section 447 of the Companies Act, 2013, without fulfilling twin conditions. Section 447 pertains to fraud by companies. The apex court's emphasis on these conditions underscores the stringent approach towards granting bail in cases of corporate fraud, reflecting the seriousness of such economic offenses.
