Petitioner be admitted to bail subject to furnishing bail bond
Section 132 of the CGST Act, 2017 — Bail – The petitioner filed third bail application under Section 439 of Cr.P.C. The petitioner submitted that he is in custody since 20.6.2018. Maximum punishment that can be awarded is sentence of five years. Case is listed for pre-charge evidence before the trial court and statements of fifteen witnesses out of forty-five prosecution witnesses have been recorded so far. He placed reliance on judgment of the Hon’ble Supreme Court in Sanjay Chandra Vs. CBI. The respondent submitted that allegations levelled against the petitioner were serious in nature and he committed fraud to the tune of Rs. 22 Crores. The court observed that the petitioner is in custody for the last more than two years and admittedly maximum punishment to be imposed on the accused, if convicted, is five years.
Held that:- The Hon’ble High Court allowed the petition and granted bail subject to furnishing bail bond in the sum of Rs. Ten lacs with one surety. Petitioner shall not leave the country without prior permission of the Court.