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What is Bail Modification Order in MPID Act Case about?

This order modifies the bail conditions for two applicants, Monish Bhandarkar and Haresh Bhadra, who were previously granted bail in two related cases. The applicants had been required to post personal bonds of Rs. 5 lakhs each and submit solvent sureties of Rs. 5 lakhs each. They have posted the personal bonds but are facing difficulties finding sureties. The court accepts this difficulty, given the large sum required in Mumbai/Thane. It modifies the condition to allow each applicant to submit one loca

Author

Jitu Moni

Language

EN