TMI Blog2021 (12) TMI 1306X X X X Extracts X X X X X X X X Extracts X X X X ..... on to deposit of ₹ 60 Crore as a protest. Apex Court in various pronouncement held that the economic offender should not be dealt as general offender because economic offenders run parallel economy and they are serious threat to the national economy. So, after considering the submission put-forth by learned counsel for the parties and in the facts and circumstances of the present case and also looking to the seriousness of the offence(s) alleged against the petitioner without expressing any opinion on the merits of the case, it is not a fit case to enlarge the petitioner on bail under Section 439 Cr.P.C. Bail application dismissed. - S.B. Criminal Miscellaneous Bail Application No. 18243/2021 - - - Dated:- 7-12-2021 - HON ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ial is ₹ 8,65,595/-. So, the tax evasion is below 5 crore. So, it is bailable as per the Act. Learned counsel for the petitioner also submits that M/s Miraj Products Private Limited deposited ₹ 60 crore as a protest and offence against the petitioner is compoundable and triable by Magistrate. So, the petitioner be enlarged on bail. Learned counsel for the petitioner relied upon the judgments passed by the High Court of Delhi at New Delhi in Tarun Jain Vs. Directorate General of GST Intelligence DGGI (Bail AppN.3771/2021 and Crl.M.A.16552/2021) decided on 26.11.2021 and the judgment passed by this Court in Ronak Kumar Jain Vs. Union of India (S.B. Criminal Miscellaneous Bail Application No.16083/2021) decided on 04.10.2021. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... evaded the tax, then there would have been no occasion to deposit of ₹ 60 Crore as a protest. Apex Court in various pronouncement held that the economic offender should not be dealt as general offender because economic offenders run parallel economy and they are serious threat to the national economy. So, after considering the submission put-forth by learned counsel for the parties and in the facts and circumstances of the present case and also looking to the seriousness of the offence(s) alleged against the petitioner without expressing any opinion on the merits of the case, I do not consider it a fit case to enlarge the petitioner on bail under Section 439 Cr.P.C. Hence, the bail application stands dismissed. - - TaxTMI - TMI ..... X X X X Extracts X X X X X X X X Extracts X X X X
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