TMI Blog2020 (7) TMI 342X X X X Extracts X X X X X X X X Extracts X X X X ..... d and it is directed that accused-petitioner shall be released on bail provided he furnishes a personal bond in the sum of ₹ 1,00,000/- together with two sureties in the sum of ₹ 50,000/- each to the satisfaction of the trial Court with the stipulation that he shall appear before that Court and any Court to which the matter be transferred, on all subsequent dates of hearing and as and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ater on claimed input tax credit. It is contended that Vijay and Kapil have been enlarged on bail who had remained in custody for a period of more than a year. The input tax credit pertaining to their firms was more than ₹ 100 crore. It is also contended that as per the charge-sheet, the input tax credit of about ₹ 7.85 crore is alleged against Maruti Traders, Balaji Traders and T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... proper to allow the bail application. 8. This bail application is, accordingly, allowed and it is directed that accused-petitioner shall be released on bail provided he furnishes a personal bond in the sum of ₹ 1,00,000/- (Rupees One Lac only) together with two sureties in the sum of ₹ 50,000/- (Rupees Fifty Thousand only) each to the satisfaction of the trial Court with the stip ..... X X X X Extracts X X X X X X X X Extracts X X X X
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