The Supreme Court granted bail to an accused in a cryptocurrency scam, imposing a condition to deposit Rs.35 lakh. The court emphasized that the bail would be subject to compliance with this financial requirement. The case involves allegations of fraudulent crypto transactions and investor deception. The ruling highlights the judiciary’s approach to balancing legal proceedings with financial safeguards.
The Supreme Court criticized the Delhi High Court for extending the stay on a local court’s order granting default bail to Parvinder Singh Khurana in a money-laundering case. A Vacation Bench reinstated the statutory bail, questioning how bail could be stayed for over a year. The case involves a cryptocurrency scam.
