TMI Blog2019 (8) TMI 166X X X X Extracts X X X X X X X X Extracts X X X X ..... ore than ₹ 80 crore - complaint u/s 132 of the CGST Act, 2017 r.w.s. 10 of the IGST Act - HELD THAT:- In State of Bihar and another Vs. Amit Kumar @ Bacha Rai , [ 2017 (4) TMI 1410 - SUPREME COURT] , the Hon'ble Supreme Court has held that the accused charged with economic offence of huge magnitude and is alleged to be the kingpin of crime, is not entitled to the benefit of bail. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as 'Shankar Prasad Sarma Versus MICA Industries and others', under Section 132 of the CGST Act, 2017 read with Section 10 of the IGST in exercise of the powers conferred under Section 69 of the CGST Act, 2017. Notice of motion was issued. Learned counsel appeared and filed a reply on behalf of the respondent-State and contested this petition. I have hear ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... crime, is not entitled to the benefit of bail. Keeping in view the serious nature and gravity of the offence and in view of the fact that the petitioner-accused has been charged with economic offence of huge magnitude, I do not find it a fit case where the petitioner is entitled to the benefit of regular bail. Therefore, finding no merit in the present petition ..... X X X X Extracts X X X X X X X X Extracts X X X X
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