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2020 (2) TMI 430 - GUJARAT HIGH COURTGrant of anticipatory bail - input tax credit - generating of fake and fabricated documents availed or to make other availed and illegal input tax credit causing huge loss to the revenue - HELD THAT:- Learned Advocate for the applicants on instructions states that the applicants are ready and willing to abide by all the conditions, including imposition of conditions with regard to the powers of Investigating Agency to file an application before the competent court for their remand. He would further submit that upon filing of such application by the Investigating Agency, the right of the applicants-accused to oppose such application on merits may be kept open. The present application is allowed by directing that in the event of arrest of the applicants herein in connection with FIR registered - the applicants shall be released on bail subject to conditions imposed. Despite this order, it would be open for the Investigating Agency to apply to the competent Magistrate, for Police remand of the applicants. - if, ultimately, granted, and the power of the learned Magistrate to consider such a request in accordance with law. It is clarified that the applicants, even if, remanded to the Police custody, upon completion of such period of Police remand, shall be set free immediately, subject to other conditions of this anticipatory bail order.
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