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2022 (5) TMI 1185 - HC - GSTSeeking grant of Bail - availment of input tax credit - floatation of bogus firms and by issuing bogus bills - HELD THAT:- The evidence collected during the course of investigation clearly points towards complicity of the petitioners, who have committed a colossal fraud of about Rs.1.80 crores. Such like huge loss is virtually an attempt to shatter the economy of the country. While noticing that the petitioners are habitual offenders, this Court does not find any ground for grant of bail to the petitioners at this stage. Both the petitions, as such, are dismissed.
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