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2020 (12) TMI 1041 - HC - GSTGrant of Regular Bail - wrongful adjudged input tax credit resulting in loss of tax to the Government exchequer to the extent of ₹ 2.24 crores - HELD THAT:- The condition in the impugned order with regard to the payment of ₹ 2,24,46,239/- alongwith interest is set aside and the bail bonds of ₹ 50 lakhs with one surety in the like amount are reduced to ₹ 25 lakhs which may be in the form of immovable property to the satisfaction of the Illaqa Magistrate/Duty Magistrate, Panipat - The impugned order passed by the Additional Sessions Judge, Panipat dated 11.12.2019 is modified only to the extent above and the other conditions therein are ordered to remain intact. Petition allowed in part.
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