Section 132 of the CGST Act, 2017— Bail —– The Petitioner counsel submitted that the petitioner shall deposit a sum of Rs.1 crore before the concerned authority within four weeks. The petitioner shall thereafter deposit Rs. 1 crore each with the concerned authority within one month, two months and three months from the date of the aforesaid deposit. Thus, the petitioner shall deposit a sum of Rs.4 crores within four months. The court observed that appropriate proof be filed in the Registry of this Court as soon as the deposits are made.

Held that:- The Hon’ble Supreme Court issued notice returnable on 30.7.2021.Further, granted ad-interim relief in the nature of release on bail subject purely to the aforesaid conditions regarding deposit being strictly complied with.