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The loss of Rs 60 Crores to the public exchequer so far cannot be considered as a small amount, therefore HC denied to grant bail

Bail Application — This application is filed seeking bail under Section 439 of the Code of Criminal Procedure, 1973 in respect of the offence punishable under Section132(1)(b)(c)of the CGST Act, 2017. Held that— The loss of Rs. 60 Croresto the public exchequer so far cannot be considered as a small amount. It appears thatit is only owing to timely detection of the crime that the loss so far is Rs. 60 Crores; itwould have been much-much more in absence of detection of the crime. It is not as ifthe petitioner stopped at Rs. 60 Crores; in all probability he would have continued the racket in absence of its detection. Therefore, what is relevant is not the quantum, butwell-designed pre-meditated plan floated by the petitioner to loot the public exchequer the application fails and is dismissed. — Paresh Nathalal Chauhan Vs. State of Gujarat [2020] 24 TAXLOK.COM 003 (Gujarat)

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