Supreme Court Sets Aside Bail in Chit Fund Scam Case Due to Non-Cooperation and Risk of Obstruction to Asset Liquidation. The Court held that the High Court erred in granting bail to key directors of a company involved in a chit fund scam, as they failed to cooperate with asset liquidation and posed a risk of obstructing recovery of investor funds.
19 Nov 2019The Supreme Court allowed two appeals by the Central Bureau of Investigation (CBI) against the grant of bail by the Orissa High Court to Ramendu Chatt...
