This petition is allowed and the petitioner is directed to be released on regular bail.
Section 132 of the CGST Act, 2017—Bail -- The petitioner prayed for regular bail. The counsel for the petitioner submitted that as per allegations on physical verification of the firm, the business premises were not found at the given address and it came to the notice that by creating a non-existent firm, the owner has caused loss of Rs. 1.00 crore to the State Exchequer by showing the bogus sale of goods without any proper purchase. Further, the petitioner is not a beneficiary in any manner and though no amount was transferred in his account. The petitioner is in custody since 05.07.2021 and as on today, he is in custody for about 04 months. The investigation is complete and challan stands presented and the offences are triable by the Court of Magistrate. The respondent counsel could not dispute the fact and nothing was recovered.
Held that:-The Hon’ble High Court allowing the petition directed the petitioner be released on regular bail subject to certain conditions.
This petition is allowed and the petitioner is directed to be released on regular bail.
Section 132 of the CGST Act, 2017—Bail -- The petitioner prayed for regular bail. The counsel for the petitioner submitted that as per allegations on physical verification of the firm, the business premises were not found at the given address and it came to the notice that by creating a non-existent firm, the owner has caused loss of Rs. 1.00 crore to the State Exchequer by showing the bogus sale of goods without any proper purchase. Further, the petitioner is not a beneficiary in any manner and though no amount was transferred in his account. The petitioner is in custody since 05.07.2021 and as on today, he is in custody for about 04 months. The investigation is complete and challan stands presented and the offences are triable by the Court of Magistrate. The respondent counsel could not dispute the fact and nothing was recovered.
Held that:-The Hon’ble High Court allowing the petition directed the petitioner be released on regular bail subject to certain conditions.