Supreme Court of India · 2023-09-05
Pacl vs C.B.I.
- Court
- Supreme Court of India
- Petitioner
- Pacl
- Respondent
- C.B.I.
- Author
- M.M. Sundresh
- Bench
- M. M. Sundresh, A. S. Bopanna
Judgment text excerpt
The Supreme Court considered interlocutory applications for bail filed by accused individuals involved in multiple criminal cases related to a large-scale financial scam under various sections of the Indian Penal Code and the Prize Chits and Money Circulation Scheme (Banning) Act. The court examined the scope of bail in complex, multi-complaint financial fraud cases and the principles governing the grant of bail in such circumstances. The judgment emphasizes the importance of balancing individual liberty with the need for effective investigation and prosecution in financial crimes.