Delhi High Court stays summoning of accused in decade-old bank fraud case based solely on S. 161 CrPC statements
The Court opined that the issue requires detailed deliberations and stayed the impugned order till next date of hearing.
Bank Fraud
Delhi High Court denies bail to former promoter of Amtek Group Arvind Dham in approx. 27000 crore bank fraud case
The magnitude of the alleged fraud is staggering and has caused colossal losses to public sector banks. Such offences, if proved, undermine the very foundation of the nation’s financial system.
‘Such offences destroy public confidence in financial system’; Delhi HC denies bail to DHFL promoter Kapil Wadhawan in Rs 34,926 Crores bank fraud case
These acts which are alleged against Kapil Wadhawan, if proven, are not merely violations of penal statutes, but subvert the very integrity of financial institutions and investor confidence. Such economic offences are not private disputes, but public wrongs that corrode the nation’s economic fabric.
‘Arrest illegal’; Bombay HC grants bail to a woman arrested after sunset in a bank fraud case
“CrPC describes the manner and the extent to which a person can be denuded of his liberty and, therefore, needs strict compliance. Any violation of the prescribed procedure in the matter of arrest can, therefore, be declared as illegal.”
Cases Reported in HCC | Latest High Court Cases on Criminal Laws
Explore latest Cases reported in SCC’s High Court Cases (HCC) on criminal law, focusing on crimes against women and children, procedural aspects of CrPC, parole, bigamy, and the interplay between civil and criminal liability. Key cases include domestic violence non-compliance, bigamy during subsisting marriage, and parole based on reformation.
Setting aside administrative action on grounds of violation of natural justice principles doesn’t bar administrative authorities from proceeding afresh: SC
“Principles of natural justice are not applicable at the stage of reporting a criminal offence. Providing an opportunity of being heard prior to the commencement of a criminal action, would frustrate the very purpose of initiating a criminal proceeding, which is to meet the ends of justice”.
Accused cannot claim statutory right of default bail on the ground that investigation qua other accused was pending: Supreme Court in DHFL Fraud Case
Supreme Court noted that the right of the investigating officer to pray for further investigation in terms of Section 173 (8) is not taken away only because a chargesheet is filed under Section 173 (2) against the accused.
Who is liable for unauthorised transactions via prepaid payment instruments? Madras High Court answers
Madras High Court said that the RBI guidelines are issued not as a formality, but the entities subjected to the RBI regulations should comply with the conditions of the master circular in its true letter and spirit
Four months in prison; Rs. 2000 fine for Vijay Mallya for contempt; US$40 million to be deposited by him and beneficiaries at 8% interest per annum
Supreme Court observed that Vijay Mallya “never showed any remorse nor tendered any apology for his conduct” of transferring a huge sum of US$40 million to his children instead of repaying his debt of more than Rs. 9000 crores to the banks.
Government of India moves a step closer to Nirav Modi’s extradition, as UK court rules that “extradition to India is compatible with his Convention rights within the meaning of Human Rights Act, 1998” || Detailed Report
Westminster Magistrates’ Court: Marking a significant development in the Punjab National Bank fraud case, District Judge Sam Goozée while deliberating upon request
Aadhaar Hearing [Day 27]: Aadhaar will prevent Money Laundering, Tax Evasion, Bank Frauds, etc: ASG
On Day 27 of the Aadhaar hearing, ASG Tushar Mehta continued with his submissions before the 5-judge bench of Dipak Misra, CJ and
Aadhaar Hearing [Day 26]: AG concludes his submissions; ASG argues on how Aadhaar can curb Bank Frauds
On Day 26 of the Aadhaar Hearing, Attorney General KK Venugopal completed his submissions before the 5-judge bench of Dipak Misra, CJ