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2022 (12) TMI 1407 - HC - GSTSeeking grant of bail - availment of fraudulent input tax credit - evasion of tax - HELD THAT:- It is an admitted position that petitioners had evaded the tax and got the benefit of input tax credit of Rs. 11.30 Crores. Hon’ble Apex Court while granting the bail to Vinay Kant Ameta directed to him to deposit Rs. 200 Crores. Considering the contentions put-forth by the counsel for the petitioners and taking into account the facts and circumstances of the case and without expressing any opinion on the merits of the case, this court deems it just and proper to enlarge the petitioners on bail with a condition to deposit Rs. 2 Crores each by the petitioners before the respondent Department as under protest. The bail applications under Section 439 Cr.P.C. are allowed and it is ordered that the accused-petitioners Saurabh Jindal S/o Shri Satyendra Kumar and Yashik Jindal S/o Shri Mahadev Jindal shall be enlarged on bail provided each of them furnishes a personal bond in the sum of Rs. 50,000/- with two sureties of Rs. 25,000/- each to the satisfaction of the learned trial Judge for their appearance before the court concerned on all the dates of hearing as and when called upon to do so.
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