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2021 (4) TMI 181 - HC - GSTGrant of regular bail - bogus firms - Tax evasion - vires of Section 69 and 132 of CGST Act - HELD THAT:- In the instant case, the situation is different. The matter already stands investigated. The petitioners have been in custody since June, 2020. Trial of the case would take time to conclude. No useful purpose would be served by keeping the petitioners behind the bars. Thus, all the petitions are allowed and the petitioners are directed to be released on regular bail on execution of adequate personal/surety bonds amounting to ₹ 10 lakhs each to the satisfaction of concerned trial Court/Duty Magistrate. The petitioners would surrender their respective passports before the concerned Court and will not leave India without prior permission of the Court.
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