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2021 (9) TMI 1113 - DISTRICT COURT ROHTAKSeeking grant of bail - availment of irregular credit - evasion of GST - evidence present on the case file or not, to show that the applicant/ accused was involved in getting any fake firms registered as alleged or opened fake bank accounts - Section 132 (1) (b) (c) & (i) of CGST Act of 2017 - HELD THAT:- This court is of the considered view that though the applicant/ accused is in custody since 04.02.2021, but taking into account the fact that the applicant is involved in a case involving fraud of ₹ 90 crores approximately and the alleged offence is an economic offence, which requires to be dealt with seriously and mere long custody would not be a ground for releasing him on bail. The economic offence having deep rooted conspiracies and involving huge loss of public funds needs to be viewed seriously and considered as grave offences affecting the economy of the country as a whole and thereby posing serious threat to the financial health of the court as is observed by the Hon’ble Apex Court in NIMMAGADDA PRASAD VERSUS CENTRAL BUREAU OF INVESTIGATION [2013 (5) TMI 920 - SUPREME COURT]. This court is not inclined to grant concession of bail to the applicant/ accused at this stage and the bail application of the accused is hereby dismissed - Bail application dismissed.
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