Stagnant Proceedings: The prosecution had cited 210 witnesses, yet there was no realistic likelihood of the trial commencing in the near future.
Agency-Attributed Delay: The Court found that a significant portion of the delay was attributable to the ED itself. The agency had challenged a Special Court order in the High Court, leading to an eight-month stay on proceedings before eventually withdrawing the petition in May 2025.
Nature of Evidence: As the case relied heavily on documentary evidence already in the prosecution's possession, the necessity for continued custody was diminished.

The Court dismantled the argument that economic offences, by definition, require stricter bail standards that override constitutional guarantees. The Bench observed that economic offences "cannot be treated as a homogeneous class warranting a blanket denial of bail."

While the PMLA imposes stringent conditions for bail, the Court reiterated that statutory restrictions cannot result in indefinite detention. Citing recent landmark rulings like Manish Sisodia, Padam Chand Jain, and V. Senthil Balaji, the judgment affirmed that when a trial is unduly delayed, the rigors of special statutes must yield to the constitutional right to liberty.

The Supreme Court set aside the Delhi High Court’s order denying bail and directed the release of Arvind Dham. The Court rejected allegations that the accused had influenced witnesses or dissipated proceeds of crime, noting that the principal witness was named long after Dham's arrest.