Considering the nature and gravity of the accusation, this court not inclined to release the petitioner on bail.
Section 132 of the CGST Act, 2017— Bail — The petitioner prayed for bail for the offences under Sections 132(1)(b), 132(1)(c) and 132(1)(i) of the Act. It is alleged that the petitioner is involved in fraudulent registration of fake firms. The petitioner and other accused were predominantly engaged in pedalling of bogus ITC secured on the strength of fake and fabricated invoices without supply of any physical goods, causing huge loss to the State exchequer to the tune of about Rs. 42.36 crores. The court observed that considering the nature and gravity of the accusation, the nature of supporting evidence, availability of prima facie case against the petitioner, coupled with the fact that a huge amount of public money has been misappropriated and also the fact that further investigation of the case is under progress and taking into account the apprehension of the petitioner in tampering with the evidence, in the larger interest of society, they are not inclined to release the petitioner on bail.
Held that:- The Hon’ble High Court rejected the bail application.
Considering the nature and gravity of the accusation, this court not inclined to release the petitioner on bail.
Section 132 of the CGST Act, 2017— Bail — The petitioner prayed for bail for the offences under Sections 132(1)(b), 132(1)(c) and 132(1)(i) of the Act. It is alleged that the petitioner is involved in fraudulent registration of fake firms. The petitioner and other accused were predominantly engaged in pedalling of bogus ITC secured on the strength of fake and fabricated invoices without supply of any physical goods, causing huge loss to the State exchequer to the tune of about Rs. 42.36 crores. The court observed that considering the nature and gravity of the accusation, the nature of supporting evidence, availability of prima facie case against the petitioner, coupled with the fact that a huge amount of public money has been misappropriated and also the fact that further investigation of the case is under progress and taking into account the apprehension of the petitioner in tampering with the evidence, in the larger interest of society, they are not inclined to release the petitioner on bail.
Held that:- The Hon’ble High Court rejected the bail application.