This Court is not inclined to accept the present move of the Petitioner for grant of bail.
Section 132 of the CGST Act, 2017— Bail — The petitioner sought bail for the alleged offences under Sections 132(1)(b) 7 (c) of Act, 2017. The counsel for the petitioner submitted that it has been alleged that the petitioner had created about 10 Firms and was generating fake bills, invoices for facilitating the availment of the benefit of ITC without actual supply/ receipt of goods. The petitioner counsel submitted that the Accused Persons booked in cases with allegations which are of similar in nature have been granted bail by this Court. There arises no scope of tampering with evidence or influencing the trial. The respondent counsel submitted that the Petitioner is the kingpin and has defrauded the State Exchequer to the tune of huge amount around Rs. 40.66 crore by availing the wrong ITC. The court observed that such roles alleged to have been played by the Petitioner stands in the direction of making unlawful financial gain.
Held that:- The Hon’ble High Court rejected the bail application.