Document Fragment View

Matching Fragments

10. As far as "Maksud Saiyed vs. State of Gujrat" (Supra) is concerned present is not the stage to decide on the vicarious liabilities of the petitioner, more particularly he being a Managing Director of Pincon Group and he was responsible for the collection made by the Pincon Group and for non-payment to the depositors. Further he stands convicted and has been sentenced to life imprisonment and the bail application of co-accused stands rejected by the Court. Hence, I am not inclined to allow the Bail (5 of 5) [CRLMB-16934/2019] Application.