Judgment · High Court
Case at a glance
- Bench
- P K MUSAHARY
Provisions considered
Judgment
HON’BLE MR.JUSTICE P K MUSAHARY Heard Mr.S.Munir, learned counsel for the petitioner and Mr. B.B.Gogoi, learned Addl. Public Prosecutor, Assam, who has produced the case diary in connection w ith B.I.(E.O) Police Station Case No.23/2011 u/ss 120(B)/420/406 IPC read with S ections 4/5/6 of the Prize Chits and Money Circulation (Banning) Act, 1978. The allegation against the petitioner is that he has been running Money Marketin g and Real Estate Business without valid permission obtained from RBI and SEBI. I have perused the case diary as produced today. It is found that the accused pe titioner is the Director of (cid:28)Mudra Devcon Pvt. Ltd (cid:29) which is a registered compan y under the Companies Act and he builds Flats for Sale and he is not running mon ey marketing business and as such there no necessity to obtain any permission / licence from the RBI and SEBI. In view of the above, the interim bail granted to the petitioner on 28.9.2011 is hereby made absolute on condition that the accused petitioner shall appear in person before the I.O. concerned along with necessary documents for recordin g his statements in accordance with law.
Precedent status how later indexed judgments have treated this case
No known negative treatment found in the Courts & Cases corpus.
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