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2023 (7) TMI 816 - CHHATTISGARH HIGH COURTSeeking grant of bail - fraudulent availment of Input tax Credit - issuance of fake invoices - no delivery of goods - HELD THAT:- The applicants have reversed a substantial amount of ITC i.e. Rs. 113,90,49,678/-; further considering that applicants have been in jail since 29.11.2022; that offence is triable by JMFC and maximum sentence for the offence is up-to 5 years; further considering that material evidences appears to be documentary and electronic in nature, so, there is no chance of tampering or influencing the evidence and no likelihood of flight-risk of the applicants, it is found appropriate to release the applicants on bail. The application is allowed and it is directed that on each of the applicants furnishing a personal bond in the sum of Rs. 2,00,000/- with two sureties each for the like sum to the satisfaction of the concerned Court, they shall be released on bail on the conditions imposed.
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