Case Law Analysis
|Punjab and Haryana High Court
HPIDFE Act | Cooperation in Investigation Outweighs Former Director Status for Anticipatory Bail : Punjab & Haryana HC
Punjab & Haryana HC grants anticipatory bail to a former director in a financial fraud case under the HPIDFE Act, ruling that active cooperation with investigation and lack of post-resignation involvement override mere directorial association. The judgment sets a precedent for director liability in financial fraud cases where the accused demonstrates no active role post-resignation.