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2024 (2) TMI 796 - PUNJAB AND HARYANA HIGH COURTSeeking grant of anticipatory bail - ITC availed on the ground of fake bills showing fictitious bills - HELD THAT:- As per case of the prosecution petitioner along with co-accused Vishal had created a firm M/s Bhagwati Traders in the rented accommodation by using the mobile phone in name of their friend Sachin and infact, had no functional business therein. During investigation, it has surfaced that petitioner along with co-accused used to create fake bills showing fictitious transactions in the name of non existent firms and in this manner they had caused huge loss to the State exchequer to the tune of more than ₹7 crores, therefore, custodial interrogation of petitioner is required to unearth the modus operandi for committing crime. In these circumstances, considering the nature and gravity of the offence, it is observed that no case is made out in favour of the petitioner for grant of anticipatory bail, as a consequent the petition is hereby dismissed.
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