The applicant is ordered to be released on regular bail
Section 132 of the CGST Act, 2017— Bail Application —–The applicant filed bail application under Section 439 of the CrPC for the offence under Section 132(1)(c) and (d) of the Act. The applicant submitted that he has no criminal antecedence. The only allegation in the complaint is regarding wrongful availment of ITC. The applicant is in jail since 28.10.2020. The respondent counsel submitted that the amount illegally availed is huge running into more than Rs. 9.00 crores. The court observed that looking to the overall facts and circumstances of the present case, they are inclined to consider the case of the applicant. The court relied on the decision of Hon’ble Apex Court in the case of Sanjay Chandra Vs. CBI.
Held that:- The Hon’ble High Court allowed the application and ordered the applicant be released on regular bail on executing a personal bond of Rs. 10,000/- with one surety of the like amount to the satisfaction of the trial Court and subject to certain conditions.