Gautam Kundu vs Manoj Kumar Assistant Director, ...

The Supreme Court granted special leave to appeal against the Calcutta High Court's order rejecting bail under Section 439 of the Code of Criminal Procedure, 1973, for an offence under Section 3 of the Prevention of Money Laundering Act, 2002. The Court noted that the appellant, Chairman of Rose Valley Real Estate Construction Ltd., was implicated in financial irregularities involving non-convertible debentures and violations of the SEBI Act. The Court held that the High Court's decision was not justified and granted bail, emphasizing the need for a fair trial and the presumption of innocence.