High Court dismissed an anticipatory bail application where the applicant lacked a plausible explanation for receiving Rs.75,000/-, identified as crime proceeds, in an alleged financial fraud case under IPC Sections 419, 420 and IT Act Sections 66(C), 66(D).
Anticipatory bail application dismissed as it lacks merit.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
Neutral Citation No. - 2024:AHC:134574
Court No. - 73
Case :- CRIMINAL MISC ANTICIPATORY BAIL APPLICATION U/S 438 CR.P.C. No. - 4587 of 2024
Applicant :- Neval Kishor Opposite Party :- State of U.P. and Another Counsel for Applicant :- Dharmendra Kumar Singh,Dinesh Kumar Maurya Counsel for Opposite Party :- G.A.
Hon'ble Vikram D. Chauhan,J.
Order Date :- 21.8.2024 Bhaskar
Digitally signed by :- BHASKAR High Court of Judicature at Allahabad
2 issues framed by the court
Whether anticipatory bail should be granted to the applicant in a case alleging financial fraud involving siphoning of bank funds.
Whether the receipt of Rs.75,000/- by the applicant constitutes crime proceeds without a plausible explanation.
3 provisions across 3 enactments
Neval Kishore
State of U.P.
Vikram D. Chauhan
Bhaskar
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
