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2020 (11) TMI 323 - HC - GSTGrant of Bail - offence punishable under Sections 132(1)(b) and 132(1)(l) of the Central Goods and Services Tax Act, 2017 - HELD THAT:- The petitioner has been indicted in a heinous and serious offence, i.e., economic offence causing loss of ₹ 19 crores revenue to the Government Exchequer, as revealed from the materials produced and also his such alleged overt act contributed to frustrate the avowed object of bringing reform tax law brought by the Union of India in the shape of G.S.T. and Rourkela is stated to be an epicentre of such fraudulent activities in India which has spreaded to other parts of the Country, this Court is not inclined to review its earlier order rejecting the prayer for bail of the petitioner only on the ground that the petitioner remained in custody for some times more. The Court in seisin over the matter before release of the petitioner shall put such other terms and conditions as deemed just and proper to ensure his return to custody. Notwithstanding such interim release of the petitioner, the Court shall do well to take all effective steps to conclude the trial within six month hence and the complainant shall also take all such steps as desired by the court concerned for conclusion of the same within the time stipulated. Petition disposed off.
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