Diversion of Crores of Loan Amount to Shell Companies Based on Fake Bills Generated Without any Genuine Business Transaction: Supreme Court Refuses to Grant Bail [Read Order]

Diversion of Crores - Loan Amount - Shell Companies - Fake Bills - Business Transaction - Refuses to Grant Bail - Grant Bail Loan - Taxscan

The Supreme Court of India refused to grant bail on the economic offence of diversion of crores of loan amount to shell companies based on fake bills generated without any genuine business transaction. Tarun Kumar, the Appellant-accused is aggrieved by the Judgment and Order passed by the High Court of Delhi in Bail Application. The…

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