Topic

Unregulated Deposit Schemes

1 articleLatest June 2026
Pre-Arrest Bail Granted Under BNSS Section 482 When No Prima Facie Link Established Between Partners and Deposit Scheme Fraud : Kerala HC
Case Law Analysis
|Kerala High Court

Pre-Arrest Bail Granted Under BNSS Section 482 When No Prima Facie Link Established Between Partners and Deposit Scheme Fraud : Kerala HC

The Kerala High Court granted pre-arrest bail to three senior citizen partners in a deposit scheme case, holding that mere partnership in a firm does not equate to criminal liability without evidence of active involvement or intent. This ruling reinforces that liability under the Banning of Unregulated Deposit Schemes Act must be individually proven, protecting innocent associates from indiscriminate arrest.