TMI Blog2021 (9) TMI 1113X X X X Extracts X X X X X X X X Extracts X X X X ..... leasing him on bail. The economic offence having deep rooted conspiracies and involving huge loss of public funds needs to be viewed seriously and considered as grave offences affecting the economy of the country as a whole and thereby posing serious threat to the financial health of the court as is observed by the Hon ble Apex Court in NIMMAGADDA PRASAD VERSUS CENTRAL BUREAU OF INVESTIGATION [ 2013 (5) TMI 920 - SUPREME COURT] . This court is not inclined to grant concession of bail to the applicant/ accused at this stage and the bail application of the accused is hereby dismissed - Bail application dismissed. - BA-713 - - - Dated:- 22-4-2021 - (DEEPTI) CJM/ACJ(SD), ROHTAK Present: Shri Narender Kumar, for the State assi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nor his family members have ever gained from any of the alleged transactions or alleged firms. Present case is based upon documentary evidence, challan/ complaint has already been filed and the trial shall take long time and no purpose would be served by keeping the applicant behind bars any further. Concluding the submissions on the aforesaid lines, the learned counsel appearing on behalf of the applicant prays that accused may kindly be granted concession of bail, keeping in view the facts and considering the prevailing circumstances in the country, due to spread of COVID-19 Pendamic. Learned counsel for the applicant placed reliance upon the citation Giriraj VS. State of Haryana 2019 (1) RCR (Criminal) 530 and Vijaychandrakant ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... upon the citation 1. P.V. Ramana Reddy Vs. Union of India Writ Petition No. 4764 of 2019 passed by Hon ble High Court of Telangana, 2. P.V. Ramana Reddy Vs. Union of India SLP (Crl.) No. 4430 of 2019 passed by Hon ble Supreme Court of India, 3. Union of India Vs. Sapna Jain ors. SLP (Crl.) No. 4322-4324/2019 passed by Hon ble Supreme Court of India, 4. Anil Kumar Jain Vs. Deputy Director, Directorate General of Goods and Services Tax Intelligence, Gurugram CRM (main) 3972/2020, Passed by Hon ble Punjab Haryana High Court, 5. Sanjay Dhingra Vs. Directorate General of Goods and Services Tax Intelligence CRM (main) 50256/2019, passed by Hon ble Punjab Haryana High Court, 6. V ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... involved in a case involving fraud of ₹ 90 crores approximately and the alleged offence is an economic offence, which requires to be dealt with seriously and mere long custody would not be a ground for releasing him on bail. The economic offence having deep rooted conspiracies and involving huge loss of public funds needs to be viewed seriously and considered as grave offences affecting the economy of the country as a whole and thereby posing serious threat to the financial health of the court as is observed by the Hon ble Apex Court in Nimmagadda Prasad Vs. Central Bureau of Investigation (2012) 7 SCC 466. In view of the above, this court is not inclined to grant concession of bail to the applicant/ accused at this stage a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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