2024 (5) TMI 1523 - SC - Indian Laws

Seeking grant of bail - appellant had been arrested under the Prevention of Money Laundering Act 2002 and had not yet faced trial or had charges framed against him - HELD THAT - There is no prospect of even the trial commencing as the charge has not been framed. In these facts we find that the appellant will be entitled to be enlarged on bail under section 436A of the CRPC on 27th May 2024. Hence there is no need to have multiplicity of proceedings. The appellant shall be enlarged on bail under Section 436A of the CRPC on 27th May 2024 - appeal allowed.

Summary

The Supreme Court granted bail to the appellant under Section 436A of the Code of Criminal Procedure, 1973. The appellant had been arrested under the Prevention of Money Laundering Act, 2002 and had not yet faced trial or had charges framed against him. The Court emphasized that the appellant had not caused any delays in the trial process and was approaching the halfway mark of the prescribed sentence. The Court held that the appellant would be entitled to bail on 27th May, 2024, as there was no prospect of the trial commencing soon. The Court directed the appellant to be produced before the Special Court for completing bail formalities by 26th May, 2024.