SERIOUS FRAUD INVESTIGATION OFFICE vs RAHUL MODI

The Supreme Court addressed the appeal by the Serious Fraud Investigation Office against the High Court's bail order for Respondent Nos. 1 and 2 in a serious fraud case involving the Adarsh Group of Companies. The court examined the circumstances of the bail grant and the ongoing investigation under the Companies Act and Limited Liability Partnership Act. Ultimately, the Supreme Court set aside the High Court's bail order, emphasizing the seriousness of the allegations and the necessity of custodial investigation.