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SC rejected bail plea of Bhushan Steel’s ex-CFO by taking stringent view on granting bail on economic offences

September 18, 2019[2019] 109 224 (SC)

COMPANY LAW: Where pursuant to investigation into affairs of Bhushan Steels (BSL) respondent i.e. Nittin Johari, who was Chief Financial Officer of BSL, was arrested and remanded to SFIO's custody for commission of fraud punishable under section 447 and was granted bail by impugned order by High Court of Delhi, said order was to be set aside and bail application of Nittin Johari was to be rejected

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